Bill Type
Congress Name
Long Title
AN ACT PROMOTING LOCAL FISCAL AUTONOMY BY ALLOWING LOCAL GOVERNMENT UNITS TO CHOOSE THEIR DEPOSITORY BANKS IN CERTAIN CASES, AMENDING FOR THE PURPOSE SECTION 311 OF REPUBLIC ACT NO. 7160
Date filed
October 20, 1998
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. HB04839 |
| FULL TITLE : AN ACT PROMOTING LOCAL FISCAL AUTONOMY BY ALLOWING LOCAL GOVERNMENT UNITS TO CHOOSE THEIR DEPOSITORY BANKS IN CERTAIN CASES, AMENDING FOR THE PURPOSE SECTION 311 OF REPUBLIC ACT NO. 7160 |
| ABSTRACT : Rationale: There is sense in keeping the people's money in banks that operate locally. Funds are not siphoned off to big cities, but are pooled and recirculated for local use by the very people who put money in the public coffers. |
| PRINCIPAL AUTHOR/S : BRAGANZA, HERNANI A. |
| DATE FILED : 1998-10-20 |
| SIGNIFICANCE: NATIONAL |
| ADMINISTRATION BILL? No |
| URGENT BILL? No |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON LOCAL GOVERNMENT ON 1998-10-23 |
Abstract
Rationale: There is sense in keeping the people's money in banks that operate locally. Funds are not siphoned off to big cities, but are pooled and recirculated for local use by the very people who put money in the public coffers.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.