Bill Type
Long Title
FULL TITLE : AN ACT REQUIRING THE PHILIPPINE GOVERNMENT TO ISSUE EDUCATIONAL BONDS FOR THE BENEFIT OF TERTIARY STUDENTS, APPROPRIATING FUNDS THEREFOR AND FOR OTHER PURPOSES
Congress Author
Date filed
March 12, 2019
Scope

Legislative History

House Bill/Resolution NO. HB09164
FULL TITLE : AN ACT REQUIRING THE PHILIPPINE GOVERNMENT TO ISSUE EDUCATIONAL BONDS FOR THE BENEFIT OF TERTIARY STUDENTS, APPROPRIATING FUNDS THEREFOR AND FOR OTHER PURPOSES
ABSTRACT : Defines Educational Bond as a long-term government security issued by a national government with corresponding interest and sovereign guarantee.Proposes an issuance of treasury bonds in the name of every Filipino at birth which shall be used exclusively to augment any and all financial assistance extended by the government through the proceeds of said security instrument upon maturity, release of which shall be to the qualified beneficiary only under the ff. conditions:a) At the time he or she reaches 18 years of age, must be enrolled in undergraduate-post-secondary programs in any public or private educational institution; and b) He or she must be a part of household included in the National Household Targeting System for Poverty Reduction (NHTS-PR).
PRINCIPAL AUTHOR/S : SALCEDA, JOEY SARTE
DATE FILED : 2019-03-12
SIGNIFICANCE: NATIONAL
ACTIONS TAKEN BY THE COMMITTEE ON RULES
REFERRAL TO THE COMMITTEE ON HIGHER AND TECHNICAL EDUCATION ON 2019-05-20

Abstract

Defines Educational Bond as a long-term government security issued by a national government with corresponding interest and sovereign guarantee.Proposes an issuance of treasury bonds in the name of every Filipino at birth which shall be used exclusively to augment any and all financial assistance extended by the government through the proceeds of said security instrument upon maturity, release of which shall be to the qualified beneficiary only under the ff. conditions:a) At the time he or she reaches 18 years of age, must be enrolled in undergraduate-post-secondary programs in any public or private educational institution; and b) He or she must be a part of household included in the National Household Targeting System for Poverty Reduction (NHTS-PR)

Disclaimer

Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.