Bill Type
Congress Name
Long Title
AN ACT ALLOWING CONTRACTORS WITH RECEIVABLES FROM THE NATIONAL GOVERNMENT TO USE THE CERTIFICATE OF INDEBTEDNESS AS COLLATERAL FOR LOANS AND OTHER CREDIT ACCOMMODATIONS IN ANY GOVERNMENT FINANCIAL INSTITUTION
Date filed
October 19, 2004
Scope
Legislative History
| House Bill/Resolution NO. HB03120 |
| FULL TITLE : AN ACT ALLOWING CONTRACTORS WITH RECEIVABLES FROM THE NATIONAL GOVERNMENT TO USE THE CERTIFICATE OF INDEBTEDNESS AS COLLATERAL FOR LOANS AND OTHER CREDIT ACCOMMODATIONS IN ANY GOVERNMENT FINANCIAL INSTITUTION |
| ABSTRACT : The bill directs all government financial institutions to accept as collateral for loans and other credit accommodations any duly executed certificate of indebtedness issued by any government agency to an eligible contractor. |
| PRINCIPAL AUTHOR/S : CARI, CARMEN L. |
| DATE FILED : 2004-10-19 |
| SIGNIFICANCE: NATIONAL |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON BANKS AND FINANCIAL INTERMEDIARIES ON 2004-11-08 |
Abstract
The bill directs all government financial institutions to accept as collateral for loans and other credit accommodations any duly executed certificate of indebtedness issued by any government agency to an eligible contractor.'
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.