Bill Type
Congress Name
Long Title
AN ACT PROHIBITING LOCAL GOVERNMENT UNITS TO USE THEIR INTERNAL REVENUE ALLOTMENTS AS SECURITY FOR LOANS AND AMENDING FOR THIS PURPOSE THE LOCAL GOVERNMENT CODE OF THE PHILIPPINES
Date filed
February 25, 2009
Scope
Legislative History
| House Bill/Resolution NO. HB06015 |
| FULL TITLE : AN ACT PROHIBITING LOCAL GOVERNMENT UNITS TO USE THEIR INTERNAL REVENUE ALLOTMENTS AS SECURITY FOR LOANS AND AMENDING FOR THIS PURPOSE THE LOCAL GOVERNMENT CODE OF THE PHILIPPINES |
| SHORT TITLE : Ira Securitization Prohibition Act |
| ABSTRACT : "IRA Securitization Prohibition Act." Seeks to put the future leadership of local government units at a deplorable plight - heavily endebted and expecting no inflows from their internal revenue allotment. |
| PRINCIPAL AUTHOR/S : VINZONS-CHATO, LIWAYWAY |
| DATE FILED : 2009-02-25 |
| SIGNIFICANCE: NATIONAL |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON LOCAL GOVERNMENT ON 2009-03-02 |
Abstract
"IRA Securitization Prohibition Act." Seeks to put the future leadership of local government units at a deplorable plight - heavily endebted and expecting no inflows from their internal revenue allotment.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.