An Act Amending the Provincial Government Act, Numbered Eighty-Three, so as to Provide for the Deposit of Surplus Provincial Funds in the Insular Treasury
Act No. 721, enacted on April 4, 1903, amends the Provincial Government Act (Act No. 83) by requiring provincial treasurers to deposit surplus provincial funds with the Insular Treasury when designated as the depository. The amendment allows provincial treasurers to also deposit excess funds in approved banks, ensuring that all interest accrued benefits the provincial treasury. This act emphasizes the importance of transparency and oversight, mandating that deposit terms be formally recorded and certified. The law aims for immediate implementation, reflecting a commitment to efficient financial management within provincial governments.
Quick Answers
- What is An Act Amending the Provincial Government Act, Numbered Eighty-Three, so as to Provide for the Deposit of Surplus Provincial Funds in the Insular Treasury about?
- Act No. 721, enacted on April 4, 1903, amends the Provincial Government Act (Act No. 83) by requiring provincial treasurers to deposit surplus provincial funds with the Insular Treasury when designated as the depository. The amendment allows provincial treasurers to also deposit excess funds in approved banks, ensuring that all interest accrued benefits the provincial treasury. This act emphasizes the importance of transparency and oversight, mandating that deposit terms be formally recorded and certified. The law aims for immediate implementation, reflecting a commitment to efficient financial management within provincial governments.
- What type of law is Act No. 721?
- An Act Amending the Provincial Government Act, Numbered Eighty-Three, so as to Provide for the Deposit of Surplus Provincial Funds in the Insular Treasury (Act No. 721) is a Philippine Statutes enacted by the Congress of the Philippines.
- When was An Act Amending the Provincial Government Act, Numbered Eighty-Three, so as to Provide for the Deposit of Surplus Provincial Funds in the Insular Treasury enacted?
- An Act Amending the Provincial Government Act, Numbered Eighty-Three, so as to Provide for the Deposit of Surplus Provincial Funds in the Insular Treasury (Act No. 721) was enacted on Apr 4, 1903.
- What is the citation for An Act Amending the Provincial Government Act, Numbered Eighty-Three, so as to Provide for the Deposit of Surplus Provincial Funds in the Insular Treasury?
- An Act Amending the Provincial Government Act, Numbered Eighty-Three, so as to Provide for the Deposit of Surplus Provincial Funds in the Insular Treasury, Act No. 721, Apr 4, 1903 (Philippines)
Law Information
- Reference Number
- Act No. 721
- Date Enacted
- Category
- Statutes
- Subcategory
- Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
April 4, 1903
ACT NO. 721
AN ACT AMENDING THE PROVINCIAL GOVERNMENT ACT, NUMBERED EIGHTY-THREE, SO AS TO PROVIDE FOR THE DEPOSIT OF SURPLUS PROVINCIAL FUNDS IN THE INSULAR TREASURY
SECTION 1. Paragraph (h) of section thirteen of Act Numbered Eighty-three, entitled "A general Act for the organization of provincial governments in the Philippine Islands," is hereby amended by adding at the close of said paragraph the following: "Provided, That the provincial treasurer of any province organized under Act Numbered Eighty-three, or any other Act of the Commission, shall deposit his surplus provincial funds with the Insular Treasurer whenever the Insular Treasury shall be designated as the depository for the provincial funds of the province by the Insular Treasurer," making the said paragraph (h) read as follows:
"(h) To authorize the provincial treasurer to deposit so much of the provincial funds as may not be needed in the near future for public use in a bank of deposit of approved standing in the Islands. All interest paid on such deposit shall inure to the benefit of the provincial treasury, and no funds shall be deposited in the bank by the treasurer until there shall be spread upon the minutes of the board a resolution reciting and approving the exact terms of the contract of deposit in the bank. The bank shall certify the weekly balances of provincial funds held by it to the provincial governor and to the treasurer of the Islands: Provided, That the provincial treasurer of any province organized under Act Numbered Eighty-three, or any other Act of the Commission, shall deposit his surplus provincial funds with the Insular Treasurer whenever the Insular Treasury shall be designated as the depository for the provincial funds of the province by the Insular Treasurer."
SECTION 2. The public good requiring the speedy enactment of this bill, the passage of the same is hereby expedited in accordance with section two of "An Act prescribing the order of procedure by the Commission in the enactment of laws," passed September twenty-sixth, nineteen hundred.
SECTION 3. This Act shall take effect on its passage.
ENACTED, April 4, 1903.
Cite This Law
An Act Amending the Provincial Government Act, Numbered Eighty-Three, so as to Provide for the Deposit of Surplus Provincial Funds in the Insular Treasury, Act No. 721, Apr 4, 1903 (Philippines)
An Act Amending the Provincial Government Act, Numbered Eighty-Three, so as to Provide for the Deposit of Surplus Provincial Funds in the Insular Treasury, Act No. 721 (Phil. 1903)
Related Laws
- An Act Amending the Provincial Government Act Numbered Eighty-Three, as Amended by Act Numbered One Hundred and Thirty-ThreeAct No. 223 • Sep 6, 1901 • Statutes
- An Act to Amend the Provincial Government Act, Numbered Eighty-ThreeAct No. 133 • May 22, 1901 • Statutes
- An Act Amending Act Numbered Eighty-Three, Entitled "A General Act for the Organization of Provincial Governments in the Philippine Islands"Act No. 372 • Mar 7, 1902 • Statutes
- An Act Amending the Municipal Code and the Provincial Government Act and the Acts Amendatory Thereof, so Far as Concerns the Collection and Disbursement of Internal-Revenue TaxesAct No. 527 • Nov 19, 1902 • Statutes
- An Act Amending Act Numbered Eighty-Three, Entitled "A General Act for the Organization of Provincial Governments in the Philippine Islands," and Acts Numbered One Hundred and Thirty-Three and Two Hundred and Twenty-Three, Amendatory ThereofAct No. 320 • Dec 16, 1901 • Statutes
- An Act to Amend Act Numbered Eighty-Three, Entitled "The Provincial Government Act," by Further Extending the Powers of the Provincial Governments in Certain ParticularsAct No. 1979 • Apr 19, 1910 • Statutes
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