An Act to Appropriate the Sum of Twenty Million Pesos for the Construction of Irrigation Systems
Act No. 3011, enacted on March 8, 1922, appropriates twenty million pesos for the construction of irrigation systems in the Philippines, funded through the sale of bonds. The allocation and disbursement of these funds will be managed by the Secretary of Commerce and Communications, following specific provisions from a previous act. For projects approved after this act, an annual charge will be assessed per hectare to cover construction costs, including a six percent interest over twenty years. The act becomes effective upon its approval.
Law Information
- Reference Number
- Act No. 3011
- Date Enacted
- Category
- Statutes
- Subcategory
- Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
March 8, 1922
ACT NO. 3011
AN ACT TO APPROPRIATE THE SUM OF TWENTY MILLION PESOS FOR THE CONSTRUCTION OF IRRIGATION SYSTEMS
SECTION 1. There is hereby appropriated, out of the proceeds of the sale of bonds under the provisions of Act Numbered Twenty-nine hundred and forty, the sum of twenty million pesos, or such sum as said sales may produce, for the construction of irrigation systems in the Philippine Islands.
The sums so appropriated shall be allotted by the Secretary of Commerce and Communications and disbursed in accordance with the provisions of Act Numbered Twenty-one hundred and fifty-two: Provided, however, That the annual charge imposed upon each hectare of land to cover the cost of construction shall be computed, in the case of projects the construction of which is authorized after the date of the approval of this Act, on the basis of the total cost of construction, with interest at the rate of six per centum per annum, during a period of twenty years.
SECTION 2. This Act shall take effect on its approval.
Approved, March 8, 1922.
Cite This Law
An Act to Appropriate the Sum of Twenty Million Pesos for the Construction of Irrigation Systems, Act No. 3011, Mar 8, 1922 (Philippines)
An Act to Appropriate the Sum of Twenty Million Pesos for the Construction of Irrigation Systems, Act No. 3011 (Phil. 1922)
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