Bill Type
Congress Name
Long Title
AN ACT STRENGTHENING THE COMPREHENSIVE AGRARIAN REFORM PROGRAM (CARP) BY AMENDING SECTION SEVEN, FURTHER AMENDING SECTIONS THIRTY-SEVEN AND SIXTY-THREE AND REPEALING SECTIONS TWENTY-NINE, THIRTY, THIRTY-ONE, THIRTY-TWO, THIRTY-THREE AND THIRTY-FOUR OF REPUBLIC ACT NO. 6657, AS AMENDED, OTHERWISE KNOWN AS THE COMPREHENSIVE AGRARIAN REFORM LAW OF 1988
Date filed
February 12, 2008
Scope
Legislative History
| House Bill/Resolution NO. HB03559 | |
| FULL TITLE : AN ACT STRENGTHENING THE COMPREHENSIVE AGRARIAN REFORM PROGRAM (CARP) BY AMENDING SECTION SEVEN, FURTHER AMENDING SECTIONS THIRTY-SEVEN AND SIXTY-THREE AND REPEALING SECTIONS TWENTY-NINE, THIRTY, THIRTY-ONE, THIRTY-TWO, THIRTY-THREE AND THIRTY-FOUR OF REPUBLIC ACT NO. 6657, AS AMENDED, OTHERWISE KNOWN AS THE COMPREHENSIVE AGRARIAN REFORM LAW OF 1988 | |
| ABSTRACT : The bill requires all financing institutions to accept as collateral for loans any duly registered emancipation patent (EP) or certificate of land ownership award (CLOA) provided that the loans obtained shall be used in the improvement or development of the farmholding of the farmer-beneficiary or the establishment of facilities that will enhance production or marketing or agricultural products or increase farm income. It also proposes the abolition of the stock distribution option offered to farmers. | |
| PRINCIPAL AUTHOR/S : VINZONS-CHATO, LIWAYWAY | |
| DATE FILED : 2008-02-12 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS (Journal Entries) : | |
| 1. Tañada (060 ) | 2. Abaya (063 ) |
| ACTIONS TAKEN BY THE COMMITTEE | |
| COMMITEE HEARINGS/ACTIONS: | |
| 1. Scheduled for first meeting/hearing on 2007-11-21 | |
| 2. Committee Report Approved on 2008-04-30 | |
| 3. Scheduled for first meeting/hearing on 2008-05-05 | |
| 4. Approved by the Committee on Appropriations on 2008-05-05 | |
| 5. Committee Report filed on 2008-05-07 | |
| MOTHER BILL: HB04077 | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON AGRARIAN REFORM ON 2008-02-19 |
Abstract
The bill requires all financing institutions to accept as collateral for loans any duly registered emancipation patent (EP) or certificate of land ownership award (CLOA) provided that the loans obtained shall be used in the improvement or development of the farmholding of the farmer-beneficiary or the establishment of facilities that will enhance production or marketing or agricultural products or increase farm income. It also proposes the abolition of the stock distribution option offered to farmers.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.