Full Title
AN ACT TO AUTHORIZE THE EXPENDITURE OF THE PROCEEDS OF A LOAN NOW BEING APPLIED FOR BY THE GOVERNMENT FOR THE CONSTRUCTION OF CERTAIN HYDROELECTRIC POWER PROJECTS AND THE ERECTION OF A FERTILIZER PLANT.
Congress
1st Congress of the Republic
House Bill No.
H. No. 1755
Legislative History
Request for e-copy
Date of Approval
June 1, 1948

Other Details

Issuance Category
Legislative Issuance
Legislative Issuance Type
Republic Act
Bill Note
House Bill Only
Subjects
FERTILIZERS -- PLANTS
Hydroelectric power plants
Related to Note
RA 16

Official Gazette

Official Gazette Source
Official Gazette vol. 44 no. 7 page 2183 (7/00/1948)

Full Text of Issuance

H. No. 1755 / 44 OG No. 7, 2183 (July, 1948)

[ REPUBLIC ACT No. 216, June 01, 1948 ]

AN ACT TO AUTHORIZE THE EXPENDITURE OF THE PROCEEDS OF A LOAN NOW BEING APPLIED FOR BY THE GOVERNMENT FOR THE CONSTRUCTION OF CERTAIN HYDRO-ELECTRIC POWER PROJECTS AND THE ERECTION OF A FERTILIZER PLANT.

WHEREAS, for the purpose of giving impetus to industrial development and to aid agriculture, the Government has decided to develop certain hydro-electric power projects and erect a fertilizer plant;WHEREAS, under Republic Act Numbered Sixteen, approved September eighteen, nineteen hundred and forty-six, the President has been authorized to obtain loans for rehabilitation and economic development purposes;WHEREAS, it is necessary for the consideration by the Export-Import Bank of the United States or the International Bank for Reconstruction and Development or other credit institutions from which the said loan may be applied for to raise the funds needed to finance the projects above-mentioned that the Congress by law specifically appropriate the proceeds of said loan for the specific purposes for which the funds are intended: Now, thereforeBe it enacted by the Senate and House of Representatives of the Philippines in Congress assembled:SECTION 1. That the proceeds of the loan of one hundred seventy-six million pesos being applied for from the credit institutions herein-above named is hereby appropriated, if and when the same shall have been granted, for the following projects:

1. The construction of complete hydro-electric power plants, including preliminary investigations, preparation of technical plans and specifications, acquisition of equipment, materials, supplies and services necessary therefor, building of dams, reservoir, transmission system and other accessory installations at-
  (a) Ambuklao P48,000,000.00
  (b) Itogon 70,000,000.00
  (c) Maria Cristina 23,400,000.00
2. The diversion of the Lumot River and increasing the height of the dam of the Caliraya reservoir

6,000,000.00
3. The erection and construction of a fertilizer plant     28,600,000.00
  Total P176,000,000.00

SEC. 2. This Act shall take effect upon its approval.Approved, June 1, 1948.

Source: Supreme Court E-Library