Bill Type
Congress Name
Long Title
AN ACT LIMITING THE INVESTMENT OF FUNDS OF THE GOVERNMENT SERVICE INSURANCE SYSTEM AMENDING FOR THE PURPOSE SECTION THIRTY-SIX OF PRESIDENTIAL DECREE NUMBER ELEVEN HUNDRED FORTY-SIX AS AMENDED, OTHERWISE KNOWN AS THE REVISED GOVERNMENT SERVICE INSURANCE SYSTEM ACT OF 1977
Date filed
July 5, 2007
Scope
Legislative History
| House Bill/Resolution NO. HB00790 |
| FULL TITLE : AN ACT LIMITING THE INVESTMENT OF FUNDS OF THE GOVERNMENT SERVICE INSURANCE SYSTEM AMENDING FOR THE PURPOSE SECTION THIRTY-SIX OF PRESIDENTIAL DECREE NUMBER ELEVEN HUNDRED FORTY-SIX AS AMENDED, OTHERWISE KNOWN AS THE REVISED GOVERNMENT SERVICE INSURANCE SYSTEM ACT OF 1977 |
| ABSTRACT : The bill limits the investment of funds of the Government Service Insurance System to the following: a) in interest-bearing bonds or securities or other evidence of indebtedness of the national government; b) in direct housing loans to members and group housing projects secured by first mortgage; c) in bonds, securities, promissory notes of medical and educational institutions; d) in real estate property; and e) in domestic mutual funds. |
| PRINCIPAL AUTHOR/S : DEFENSOR, ARTHUR D. |
| DATE FILED : 2007-07-05 |
| SIGNIFICANCE: NATIONAL |
| CO-AUTHORS (Journal Entries) : |
| 1. Almario (017 ) |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON GOVERNMENT ENTERPRISES AND PRIVATIZATION ON 2007-07-31 |
Abstract
The bill limits the investment of funds of the Government Service Insurance System to the following: a) in interest-bearing bonds or securities or other evidence of indebtedness of the national government; b) in direct housing loans to members and group housing projects secured by first mortgage; c) in bonds, securities, promissory notes of medical and educational institutions; d) in real estate property; and e) in domestic mutual funds.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.