Bill Type
Congress Name
Long Title
AN ACT PROVIDING FOR GREATER FISCAL AUTONOMY IN FAVOR OF LOCAL GOVERNMENT UNITS (LGUs) IN THE CHOICE OF DEPOSITORY BANKS, AMENDING SECTION 311 OF REPUBLIC ACT NO. 7160, OTHERWISE KNOWN AS THE LOCAL GOVERNMENT CODE OF 1991
Date filed
July 6, 2001
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. House Bill No. 756, 12th Congress of the Republic | |
| FULL TITLE : AN ACT PROVIDING FOR GREATER FISCAL AUTONOMY IN FAVOR OF LOCAL GOVERNMENT UNITS (LGUs) IN THE CHOICE OF DEPOSITORY BANKS, AMENDING SECTION 311 OF REPUBLIC ACT NO. 7160, OTHERWISE KNOWN AS THE LOCAL GOVERNMENT CODE OF 1991 | |
| SHORT TITLE : Providing Local Government Units Autonomy in the Choice of Depository Banks | |
| ABSTRACT : Local treasusrers shall maintain depository accounts in the name of their respective local government units with banks DULY ACCREDITED AS SUCH BY THE BANGKO SENTRAL NG PILIPINAS [preferably government-owne d] located in or nearest their respective areas of jurisdiction. Earnings of each depository account shall accrue exlusively thereto. | |
| PRINCIPAL AUTHOR/S : VILLAR, CYNTHIA A. | |
| DATE FILED : 2001-07-06 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS (Journal Entries) : | |
| 1. Jaraula (011 ) | 2. De Guzman (055 ) |
| ADMINISTRATION BILL? No | |
| URGENT BILL? No | |
| ACTIONS TAKEN BY THE COMMITTEE | |
| COMMITTEE REPORT NO. 00143 | |
| SUBMITTED ON 2002-01-08 | |
| SUBMITTED BY: LOCAL GOVERNMENT | |
| RECOMMENDATIONS: approval with amendments | |
| SUBSTITUTED BILLS: House Bill No. 1359, 12th Congress of the Republic | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON LOCAL GOVERNMENT ON 2001-07-24 | |
| DATE INCLUDED IN OB: 2002-01-15 | |
| DATE CALENDARED : 2002-01-22 | |
| SECOND READING INFORMATION | |
| PERIOD OF SPONSORSHIP : 2002-02-05 | |
| PERIOD OF COMMITTEE AMENDMENTS : 2002-02-05 | |
| DATE APPROVED ON SECOND READING : 2002-02-05 | |
| REMARKS : The Body approved to consider the Explanatory Note of the original Bill as the sponsorship remarks on the measure. | |
| THIRD READING INFORMATION | |
| DATE COPY DISTRIBUTED TO MEMBERS: 2002-02-12 | |
| DATE APPROVED BY THE HOUSE ON THIRD READING :2002-03-06 | |
| HOUSE VOTES: YEAS:173 NAYS:0 ABSTAIN:.0 | |
| DATE TRANSMITTED TO THE SENATE: 2002-03-11 | |
| ACTIONS TAKEN BY THE SENATE/HOUSE | |
| DATE RECEIVED BY THE SENATE: 2002-03-12 |
Abstract
Local treasusrers shall maintain depository accounts in the name of their respective local government units with banks DULY ACCREDITED AS SUCH BY THE BANGKO SENTRAL NG PILIPINAS [preferably government-owne d] located in or nearest their respective areas of jurisdiction. Earnings of each depository account shall accrue exlusively thereto.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.