Bill Type
Congress Name
Long Title
AN ACT LIMITING THE POWERS OF FINANCIAL OFFICERS OF GOVERNMENT-OWNE D OR CONTROLLED CORPORATIONS AND OTHER AGENCIES/CUSTOD IANS OF MONETARY CONTRIBUTIONS TO INVEST FUNDS ONLY IN AMOUNTS NOT EXCEEDING P 50 MILLION FOR A ONE (1) YEAR PERIOD AFTER CONSULTATION WITH THE BENEFICIARIES AND DECLARING VIOLATIONS OF THE OFFICERS RESULTING TO LOSS OF MONEY AS MALVERSATION OF FUNDS
Date filed
October 6, 1998
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. HB04178 |
| FULL TITLE : AN ACT LIMITING THE POWERS OF FINANCIAL OFFICERS OF GOVERNMENT-OWNE D OR CONTROLLED CORPORATIONS AND OTHER AGENCIES/CUSTOD IANS OF MONETARY CONTRIBUTIONS TO INVEST FUNDS ONLY IN AMOUNTS NOT EXCEEDING P 50 MILLION FOR A ONE (1) YEAR PERIOD AFTER CONSULTATION WITH THE BENEFICIARIES AND DECLARING VIOLATIONS OF THE OFFICERS RESULTING TO LOSS OF MONEY AS MALVERSATION OF FUNDS |
| ABSTRACT : Rationale: There is a serious need to revise, adjust and correct the charters of the SSS, GSIS and the RSBS with the end in view of properly guiding them to the proper direction in investing the money of their respective members. |
| PRINCIPAL AUTHOR/S : PANCHO, PEDRO M. |
| DATE FILED : 1998-10-06 |
| SIGNIFICANCE: NATIONAL |
| ADMINISTRATION BILL? No |
| URGENT BILL? No |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON GOVERNMENT ENTERPRISES AND PRIVATIZATION ON 1998-10-13 |
Abstract
Rationale: There is a serious need to revise, adjust and correct the charters of the SSS, GSIS and the RSBS with the end in view of properly guiding them to the proper direction in investing the money of their respective members.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.