Bill Type
Congress Name
Long Title
AN ACT CANCELLING PAYMENTS OF LOANS AND RECOVERING PREVIOUS PAYMENTS INCURRED THROUGH UNJUST AND FRAUDULENT CONTRACTS BETWEEN THE NATIONAL POWER CORPORATION AND INDEPENDENT POWER PRODUCERS
Date filed
August 31, 2005
Scope
Legislative History
| House Bill/Resolution NO. HB04664 | |
| FULL TITLE : AN ACT CANCELLING PAYMENTS OF LOANS AND RECOVERING PREVIOUS PAYMENTS INCURRED THROUGH UNJUST AND FRAUDULENT CONTRACTS BETWEEN THE NATIONAL POWER CORPORATION AND INDEPENDENT POWER PRODUCERS | |
| SHORT TITLE : "National Power Corporation - Independent Power Producer (NPC-IPP) Debt Cancellation Act". | |
| ABSTRACT : "National Power Corporation - Independent Power Producer (NPC-IPP) Debt Cancellation Act". The bill requires the cancellation of servicing of unjust and fraudulent debts, the refund of loans and interest payments already serviced and the refund of their equivalent in past maintenance expenses plus interest thereon, net of all settlements and negotiations previously made. | |
| PRINCIPAL AUTHOR/S : OCAMPO, SATUR | |
| DATE FILED : 2005-08-31 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS : | |
| 1. Casiño | 2. Virador |
| 3. Beltran | 4. Mariano |
| 5. Maza | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON APPROPRIATIONS ON 2005-09-19 |
Abstract
"National Power Corporation - Independent Power Producer (NPC-IPP) Debt Cancellation Act". The bill requires the cancellation of servicing of unjust and fraudulent debts, the refund of loans and interest payments already serviced and the refund of their equivalent in past maintenance expenses plus interest thereon, net of all settlements and negotiations previously made.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.