Full Title
AN ACT FURTHER AMENDING SECTION ONE OF REPUBLIC ACT NUMBERED TWO THOUSAND FIFTY-TWO, AS AMENDED, AUTHORIZING THE PRESIDENT TO NEGOTIATE FOR INCREASES IN THE SUBSCRIPTION OF THE REPUBLIC OF THE PHILIPPINES TO THE INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT AND TO ITS QUOTA IN THE INTERNATIONAL MONETARY FUND.
Congress
House Bill No.
H. No. 2035
Legislative History
Date of Approval
September 8, 1966
Other Details
Issuance Category
Legislative Issuance Type
Bill Note
Link From Other Sources
URL (Supreme Court)
Official Gazette
Official Gazette Source
Official Gazette vol. 65 no. 6 page 1248 (2/10/1969)
Full Text of Issuance
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H. No. 2035 / 65 OG No. 6, 1248 (February 10, 1969)
[ REPUBLIC ACT NO. 4862, September 08, 1966 ]
AN ACT FURTHER AMENDING SECTION ONE OF REPUBLIC ACT NUMBERED TWO THOUSAND FIFTY-TWO, AS AMENDED, (AUTHORIZING THE PRESIDENT TO NEGOTIATE FOR INCREASES IN THE SUBSCRIPTION OF THE REPUBLIC OF THE PHILIPPINES TO THE INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT AND TO ITS QUOTA IN THE INTERNATIONAL MONETARY FUND).
Be it enacted by the Senate and House of Representatives of the Philippines in Congress assembled: SECTION 1. Section one of Republic Act Numbered Two thousand fifty-two, as amended by Republic Act Numbered Two thousand six hundred eighty-six, is further amended as follows:
"SECTION 1. The President of the Philippines is hereby authorized to negotiate for increases in the subscription of the Republic of the Philippines to the capital stock of the International Bank for Reconstruction and Development and to its quota in the International Monetary Fund: Provided, however, That such subscription shall not exceed one hundred seventy-five million United States dollars and such quota shall not exceed the same amount."
SEC. 2. This Act shall take effect upon its approval.Approved, September 8, 1966.
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