Bill Type
Congress Name
Long Title
AN ACT REQUIRING ALL GOVERNMENT CORPORATIONS TO PREPARE THEIR RESPECTIVE ASSET AND LIABILITY MANAGEMENT GUIDELINES THAT WILL DEFINE THE PARAMETERS AND/OR LIMITS OF THEIR FINANCIAL AND OPERATIONAL CAPABILITIES FOR CENTRAL CONTROL AND MONITORING BY THE DEPARTMENT OF FINANCE
Date filed
February 22, 2005
Scope
Legislative History
| House Bill/Resolution NO. HB03778 | |
| FULL TITLE : AN ACT REQUIRING ALL GOVERNMENT CORPORATIONS TO PREPARE THEIR RESPECTIVE ASSET AND LIABILITY MANAGEMENT GUIDELINES THAT WILL DEFINE THE PARAMETERS AND/OR LIMITS OF THEIR FINANCIAL AND OPERATIONAL CAPABILITIES FOR CENTRAL CONTROL AND MONITORING BY THE DEPARTMENT OF FINANCE | |
| ABSTRACT : The bill directs all government corporations to prepare their respective assets and liability management guideline, to wit: a) financial guidelines to limit borrowing, lending and guaranteeing of any form of financial transaction, and b) operation guidelines to inhibit the corporation from engaging in activities outside their defined capabilities. | |
| PRINCIPAL AUTHOR/S : ABAYON, HARLIN CAST | |
| DATE FILED : 2005-02-22 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS (Journal Entries) : | |
| 1. Tulagan (049 ) | 2. Amin (049 ) |
| 3. Codilla (049 ) | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON GOVERNMENT ENTERPRISES AND PRIVATIZATION ON 2002-02-28 |
Abstract
The bill directs all government corporations to prepare their respective assets and liability management guideline, to wit: a) financial guidelines to limit borrowing, lending and guaranteeing of any form of financial transaction, and b) operation guidelines to inhibit the corporation from engaging in activities outside their defined capabilities.'
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.