Bill Type
Congress Name
Long Title
AN ACT GRANTING PRIVATE EDUCATIONAL INSTITUTIONS, COLLEGES AND UNIVERSITIES A TWO-YEAR MORATORIUM ON THE PAYMENT OF LOANS AND INTEREST CONTRACTED WITH BANKS OR FINANCIAL INSTITUTIONS, WHETHER PUBLIC OR PRIVATE, AND PROVIDING PENALTIES FOR ANY VIOLATION THEREFOR
Date filed
January 11, 2000
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. HB09012 |
| FULL TITLE : AN ACT GRANTING PRIVATE EDUCATIONAL INSTITUTIONS, COLLEGES AND UNIVERSITIES A TWO-YEAR MORATORIUM ON THE PAYMENT OF LOANS AND INTEREST CONTRACTED WITH BANKS OR FINANCIAL INSTITUTIONS, WHETHER PUBLIC OR PRIVATE, AND PROVIDING PENALTIES FOR ANY VIOLATION THEREFOR |
| ABSTRACT : The proposed two-year moratorium will enable private educational institutions to reinvest their income and devote the use of these funds in improving their facilities, increasing emoluments and staff, as well as in upgrading quality of education. |
| PRINCIPAL AUTHOR/S : MONFORT, NARCISO D. |
| DATE FILED : 2000-01-11 |
| SIGNIFICANCE: NATIONAL |
| ADMINISTRATION BILL? No |
| URGENT BILL? No |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON BANKS AND FINANCIAL INTERMEDIARIES ON 2000-01-17 |
| SECONDARILY REFERRED TO THE COMMITTEE(S) ON BASIC EDUCATION, HIGHER AND TECHNICAL EDUCATION |
Abstract
The proposed two-year moratorium will enable private educational institutions to reinvest their income and devote the use of these funds in improving their facilities, increasing emoluments and staff, as well as in upgrading quality of education.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.