Full Title
AN ACT TO AMEND SUBSECTION (L) OF SECTION TWO THOUSAND TWENTY-NINE OF THE ADMINISTRATIVE CODE, AS AMENDED BY ACT NUMBERED TWENTY-EIGHT HUNDRED AND FIFTY-SIX, RELATIVE TO LOANS TO THE INSULAR GOVERNMENT FROM THE POSTAL SAVINGS BANK.
Congress
Date of Approval
December 2, 1927
Other Details
Issuance Category
Legislative Issuance Type
Link From Other Sources
URL (Supreme Court)
Official Gazette
Official Gazette Source
Official Gazette vol. 26 no. 5 page 79 (1/12/1928)
Full Text of Issuance
Click to view full text
[ Act No. 3369, December 03, 1927 ]
AN ACT TO AMEND SUBSECTION (L) OF SECTION TWO THOUSAND TWENTY-NINE OF THE ADMINISTRATIVE CODE, AS AMENDED BY ACT NUMBERED TWENTY-EIGHT HUNDRED AND FIFTY-SIX, RELATIVE TO LOANS TO THE INSULAR GOVERNMENT FROM THE POSTAL SAVINGS BANK.
Be it enacted by the Senate and House of Representatives of the Philippines in Legislature assembled and by the authority of the same: SECTION 1. Subsection (I) of section two thousand twenty-nine of the Administrative Code, as amended by Act Numbered Twenty-eight hundred and fifty-six, is hereby further amended to read as follows:
"(l) In loans to the Insular Government of not exceeding the aggregate amount of five hundred thousand pesos, for the purchase or construction of public buildings for the offices of the Insular Government: Provided, That authority from the Legislature shall be secured prior to the granting of any loan."
SEC. 2. Section two of Act Numbered Twenty-eight hundred and fifty-six is hereby repealed. SEC. 3. This Act shall take effect on its approval. Approved, December 3, 1927.
Source: Supreme Court E-Library