Bill Type
Congress Name
Long Title
AN ACT AUTHORIZING PROVINCES, CITIES AND MUNICIPALITIES TO MAKE LOANS USING THE SPECIAL EDUCATION FUND AS COLLATERAL, AMENDING FOR THIS PURPOSE SECTION 272 OF REPUBLIC ACT NO. 7160, OTHERWISE KNOWN AS THE LOCAL GOVERNMENT CODE OF 1991
Date filed
September 1, 2004
Scope
Legislative History
| House Bill/Resolution NO. HB02741 |
| FULL TITLE : AN ACT AUTHORIZING PROVINCES, CITIES AND MUNICIPALITIES TO MAKE LOANS USING THE SPECIAL EDUCATION FUND AS COLLATERAL, AMENDING FOR THIS PURPOSE SECTION 272 OF REPUBLIC ACT NO. 7160, OTHERWISE KNOWN AS THE LOCAL GOVERNMENT CODE OF 1991 |
| ABSTRACT : The bill authorizes local government units to use the special education fund as a loan collateral provided the money is used to finance the construction of classrooms in their locality. |
| PRINCIPAL AUTHOR/S : MANDANAS, HERMILANDO I. |
| DATE FILED : 2004-09-01 |
| SIGNIFICANCE: NATIONAL |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON LOCAL GOVERNMENT ON 2004-09-07 |
Abstract
The bill authorizes local government units to use the special education fund as a loan collateral provided the money is used to finance the construction of classrooms in their locality.'
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.