Bill Type
Congress Name
Long Title
AN ACT FURTHER STRENGTHENING THE HOME DEVELOPMENT MUTUAL FUND AND FOR OTHER PURPOSES
Date filed
July 2, 2001
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. House Bill No. 326, 12th Congress of the Republic | |
| FULL TITLE : AN ACT FURTHER STRENGTHENING THE HOME DEVELOPMENT MUTUAL FUND AND FOR OTHER PURPOSES | |
| ABSTRACT : Main thrusts of this proposed measure aimed at STRENGTHENING the PAG-IBIG FUND are as follows: (1) Re-statement of the tax-exempt status of the Fund; (2) Provisions on FUND coverage, generation and contribution rates; (3) Power of the Board of Trustees as the ultimate policy determinant; (4) More teeth to the enforcement power of the FUND. | |
| PRINCIPAL AUTHOR/S : GONZALES, NEPTALI II M. | |
| DATE FILED : 2001-07-02 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS (Journal Entries) : | |
| 1. Badelles (013 ) | 2. Zialcita (065 ) |
| 3. Joaquin (065 ) | 4. Romualdo (065 ) |
| 5. Syjuco (041 ) | |
| ADMINISTRATION BILL? No | |
| URGENT BILL? No | |
| COMMITTEE ACTION: change of ctte. ref'l from Housing and Urban Dev. as per J. 17; p.14(Aug. 28,2001) | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON GOVERNMENT ENTERPRISES AND PRIVATIZATION ON 2001-07-24 |
Abstract
Main thrusts of this proposed measure aimed at STRENGTHENING the PAG-IBIG FUND are as follows: (1) Re-statement of the tax-exempt status of the Fund; (2) Provisions on FUND coverage, generation and contribution rates; (3) Power of the Board of Trustees as the ultimate policy determinant; (4) More teeth to the enforcement power of the FUND.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.