Bill Type
Congress Name
Long Title
AN ACT AMENDING P.D. NO. 1752, OTHERWISE KNOWN AS THE MUTUAL DEVELOPMENT MUTUAL FUND LAW OF 1980, AS AMENDED, AND FOR OTHER PURPOSES
Date filed
October 11, 2007
Scope
Legislative History
| House Bill/Resolution NO. HB02922 |
| FULL TITLE : AN ACT AMENDING P.D. NO. 1752, OTHERWISE KNOWN AS THE MUTUAL DEVELOPMENT MUTUAL FUND LAW OF 1980, AS AMENDED, AND FOR OTHER PURPOSES |
| ABSTRACT : The bill prohibits the optional withdrawal of membership from the HDMF before the end of the 20 year membership term. It establishes an annual special P2 billion fund to be used as: a) funding assistance to non-governmental organizations involved in socialized housing; and b) in establishing livelihood component and income-generating projects. |
| PRINCIPAL AUTHOR/S : VALENCIA, RODOLFO G. |
| DATE FILED : 2007-10-11 |
| SIGNIFICANCE: NATIONAL |
| ACTIONS TAKEN BY THE COMMITTEE |
| COMMITEE HEARINGS/ACTIONS: |
| 1. Scheduled for first meeting/hearing on 2007-12-11 |
| 2. Recommendations submitted by the TWG on 2008-02-19 |
| 3. Approved by the Committee on 2008-05-14 |
| 4. Scheduled for first meeting/hearing on 2008-08-06 |
| 5. Approved by the Committee on Appropriations on 2008-08-06 |
| 6. Committee Report filed on 2008-09-29 |
| MOTHER BILL: HB05220 |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON GOVERNMENT ENTERPRISES AND PRIVATIZATION ON 2007-11-07 |
Abstract
The bill prohibits the optional withdrawal of membership from the HDMF before the end of the 20 year membership term. It establishes an annual special P2 billion fund to be used as: a) funding assistance to non-governmental organizations involved in socialized housing; and b) in establishing livelihood component and income-generating projects.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.