Bill Type
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
Congress Author
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.