Bill Type
Congress Name
Long Title
AN ACT CREATING THE GOVERNMENT ASSET MANAGEMENT AUTHORITY, DEFINING ITS POWERS AND FUNCTIONS, APPROPRIATING FUNDS THEREFOR AND FOR OTHER PURPOSES
Date filed
September 10, 2003
Scope
Legislative History
| House Bill/Resolution NO. House Bill No. 6404, 12th Congress of the Republic | |
| FULL TITLE : AN ACT CREATING THE GOVERNMENT ASSET MANAGEMENT AUTHORITY, DEFINING ITS POWERS AND FUNCTIONS, APPROPRIATING FUNDS THEREFOR AND FOR OTHER PURPOSES | |
| SHORT TITLE : The Government Asset Management Act of 2003 | |
| ABSTRACT : "Government Asset Management Act of 2003". The bill seeks to centralize the privatization and disposition of non-performing assets of the government by creating an independent body to be known as the Government Asset Management Authority (GAMA). The GAMA shall primarily handle the privatization and disposition of the non-performing assets of the government. It also provides for the transfer of the management and disposition of surrendered assets from the Presidential Commission on Good Government to the GAMA. | |
| PRINCIPAL AUTHOR/S : LAPUS, JESLI A. | |
| DATE FILED : 2003-09-10 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS : | |
| 1. Bernardo-lokin | 2. Espino |
| 3. Nepomuceno | 4. Andaya |
| 5. Ledesma | |
| ACTIONS TAKEN BY THE COMMITTEE | |
| COMMITTEE REPORT NO. 1774 | |
| SUBMITTED ON 2003-09-10 | |
| SUBMITTED BY: GOVERNMENT ENTERPRISES AND PRIVATIZATION, APPROPRIATIONS, WAYS AND MEANS | |
| RECOMMENDATIONS: approval | |
| SUBSTITUTED BILLS: House Bill No. 260, 12th Congress of the Republic | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON RULES ON 2003-10-06 | |
| DATE INCLUDED IN OB: 2003-10-06 | |
| DATE CALENDARED : 2003-10-14 |
Abstract
"Government Asset Management Act of 2003". The bill seeks to centralize the privatization and disposition of non-performing assets of the government by creating an independent body to be known as the Government Asset Management Authority (GAMA). The GAMA shall primarily handle the privatization and disposition of the non-performing assets of the government. It also provides for the transfer of the management and disposition of surrendered assets from the Presidential Commission on Good Government to the GAMA.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.