Bill Type
Congress Name
Long Title
AN ACT ALLOCATING TO THE AFP MODERNIZATION ACT TRUST FUND THE COLLECTION FROM CAPITAL GAINS TAX AND VALUE-ADDED TAX ON THE SALE OF REAL PROPERTY AND THE SHARE OF THE NATIONAL GOVERNMENT ON ALL TAXES, ROYALTIES AND CHARGES COLLECTED FROM THE MALAMPAYA NATURAL GAS PROJECT
Date filed
July 9, 2001
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. House Bill No. 855, 12th Congress of the Republic |
| FULL TITLE : AN ACT ALLOCATING TO THE AFP MODERNIZATION ACT TRUST FUND THE COLLECTION FROM CAPITAL GAINS TAX AND VALUE-ADDED TAX ON THE SALE OF REAL PROPERTY AND THE SHARE OF THE NATIONAL GOVERNMENT ON ALL TAXES, ROYALTIES AND CHARGES COLLECTED FROM THE MALAMPAYA NATURAL GAS PROJECT |
| ABSTRACT : To date, there has not been much progress in the implementation of the Program. Major weapon and non-weapon equipment and technology acquisition as well as major infrastructure construction and/or improvement entail huge sums of money which cannot be supported by the trust fund alone. Thus, other sources should be tapped to augment the limited sources of the Trust Fund. |
| PRINCIPAL AUTHOR/S : SUAREZ, ALETA C. |
| DATE FILED : 2001-07-09 |
| SIGNIFICANCE: LOCAL |
| ADMINISTRATION BILL? No |
| URGENT BILL? No |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON WAYS AND MEANS ON 2001-07-25 |
Abstract
To date, there has not been much progress in the implementation of the Program. Major weapon and non-weapon equipment and technology acquisition as well as major infrastructure construction and/or improvement entail huge sums of money which cannot be supported by the trust fund alone. Thus, other sources should be tapped to augment the limited sources of the Trust Fund.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.