Bill Type
Congress Name
Long Title
AN ACT MANDATING THE REPRESENTATION OF COOPERATIVES IN THE BOARD OF DIRECTORS OF THE LAND BANK OF THE PHILIPPINES, AMENDING THEREFOR REPUBLIC ACT NO. 3844, AS AMENDED
Date filed
November 26, 2001
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. House Bill No. 3960, 12th Congress of the Republic | |
| FULL TITLE : AN ACT MANDATING THE REPRESENTATION OF COOPERATIVES IN THE BOARD OF DIRECTORS OF THE LAND BANK OF THE PHILIPPINES, AMENDING THEREFOR REPUBLIC ACT NO. 3844, AS AMENDED | |
| ABSTRACT : Rationale: It is widely acknowledged that cooperatives play a crucial role in agrarian reform. The Land Bank of the Philippines (LBP) was originally created to support the agrarian reform program and, as such, it has given prime importance to cooperatives in its effort to support agrarian reform and rural development. However, the cooperative sector is NOT represented in the LBP Board. This has deprived the cooperative sector of being heard in the policy-making body of the LBP. This bill seeksto remedy this situation. | |
| PRINCIPAL AUTHOR/S : DE VENECIA, JOSE JR. C. | |
| DATE FILED : 2001-11-26 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS : | |
| 1. Baterina | |
| CO-AUTHORS (Journal Entries) : | |
| 1. Nicolas (046 ) | 2. Syjuco (052 ) |
| ADMINISTRATION BILL? No | |
| URGENT BILL? No | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON BANKS AND FINANCIAL INTERMEDIARIES ON 2001-12-03 |
Abstract
Rationale: It is widely acknowledged that cooperatives play a crucial role in agrarian reform. The Land Bank of the Philippines (LBP) was originally created to support the agrarian reform program and, as such, it has given prime importance to cooperatives in its effort to support agrarian reform and rural development. However, the cooperative sector is NOT represented in the LBP Board. This has deprived the cooperative sector of being heard in the policy-making body of the LBP. This bill seeksto remedy this situation.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.