March 6, 2002 

• Prepared and submitted Jointly by the Committee(s); 
• CONSTITUTIONAL AMENDMENTS, REVISION OF CODES AND LAWS; and LOCAL GOVERNMENT with Senators SOTTO III, DRILON, ANGARA, and OSMENA (J.) authors per Committee Report No. 31, recommending its approval in substitution of SBNos. 1530, 2006 and 2028; and Committee Report No. 32, submitted by the Committee on FINANCE, recommending its approval, fully endorsing Section 7 thereof;
• Committee Report Calendared for Ordinary Business; 
• Sponsors: Senators Angara, Osmeña (J.), Sotto III, and Drilon;
• Assigned for consideration by Special Order; 
• Sponsorship speech of Senator Angara; 
• Interpellation of Senators Arroyo, Biazon, Barbers Recto, Villar, Jr., and Pangilinan;
• Period of interpellation closed; 
• period of committee amendment closed; 
• Period of individual amendments;
• Period of individual amendments closed, 
• Approved on Second Reading with amendments;
• Senator Biazon was made coauthor on motion of Senator Flavier; 
• Certified by the President of the Philippines Gloria Macapagal Arroyo for its immediate enactment;
• Approved on Third Reading: 

In favor: (10) Senators Angara, Aquino-Dreta, Barbers, Biazon, Drilon, Flavier, Lacson, Pangilinan, Pimentel, Jr., and Sotto III, 

Against: (3) Senators Arroyo, Recto and Villar, Jr. 

Abstention: None; 

• Senate designated Senators Pimentel, Jr., Villar, Jr. Recto, Pangilinan, Lacson, Angara, and Osmeña (J.) as conferees.

March 7, 2002 

House of Representatives designated Representatives Macarambon, Jr., Barinaga, Sumulong, Cagas, De Guzman, Roco, and Defensor as additional conferees

March 11, 2002 

• House of Representatives agreed to a conference on the disagreeing provisions of SEN-2050 and HBN-4456, designating Representatives Syjuco, Macias II, Teves, Locsin, Jr., Rosales, Ortega, Padilla, Jaraula, Suplico, Darcia, Jr., and Chipeco, Jr. as its conferees;
• Conference Committee Report submitted to the Senate recommending that SBN-2050, in consolidation with HBN-4456 be approved as reconciled; 
• Sponsorship speech of Senator Pimentel, Jr. on the Conference Committee Report; 
• Interpellation of Senators Arroyo, Cayetano and Osmeña (J.); 
• Conference Committee Report approved by the Senate.

March 13, 2002 

• House of Representatives designated Representatives Macarambon, Jr., Barinaga, Sumulong, Cagas, De Guzman, Roco, and Defensor as additional conferees;
• Conference Committee Report approved by the House of Representatives (See OB dated April 15, 2002); 

March 15, 2002 

Enrolled copy of the consolidated version of SBN-2050 and HBN-4456, already signed by the Senate President Drilon and Senate Secretary Yebes, sent to the House of Representatives for the signature of the Speaker and the Secretary-General.

March 19, 2002 

• Enrolled copy of consolidated version of SBN-2050 and HEN-4456 presented to the President of the Philippines through PLLO for Her approval;
• Approved and signed into law by the President of the Philippines Gloria Macapagal-Arroyo.

April 15, 2002

Approved and signed into law by the President of the Philippines Gloria Macapagal-Arroyo and became REPUBLIC ACT NO. 9164.