Bill Type
Congress Name
Long Title
AN ACT INCREASING THE MAXIMUM AMOUNT FOR THE CONSTITUTION OF A FAMILY HOME UNDER THE FAMILY CODE OF THE PHILIPPINES, AS AMENDED, AMENDING FOR THE PURPOSE ARTICLE 157 THEREOF, AND FOR OTHER PURPOSES
Date filed
July 2, 2007
Scope
Legislative History
| House Bill/Resolution NO. HB00343 |
| FULL TITLE : AN ACT INCREASING THE MAXIMUM AMOUNT FOR THE CONSTITUTION OF A FAMILY HOME UNDER THE FAMILY CODE OF THE PHILIPPINES, AS AMENDED, AMENDING FOR THE PURPOSE ARTICLE 157 THEREOF, AND FOR OTHER PURPOSES |
| ABSTRACT : The bill increases the maximum amount for the constitution of a family home from P300,00 to P2.0 million in urban areas, and from P200,00 to P1.5 million in rural areas in order to, at least, approximate the cost of building a decent house under prevailing market prices. |
| PRINCIPAL AUTHOR/S : ABAYA, JOSEPH EMILIO A. |
| DATE FILED : 2007-07-02 |
| SIGNIFICANCE: NATIONAL |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON REVISION OF LAWS ON 2007-07-24 |
Abstract
The bill increases the maximum amount for the constitution of a family home from P300,00 to P2.0 million in urban areas, and from P200,00 to P1.5 million in rural areas in order to, at least, approximate the cost of building a decent house under prevailing market prices.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.