An Act to Appropriate the Sum of Two Million Two Hundred and Four Thousand Pesos for the Completion of a Building for the Use of the Legislature
Act No. 3112, approved on March 19, 1923, appropriates 2,204,000 pesos for the completion of a building intended for the use of the Legislature in Manila. The funds are sourced from the unexpended balance of a previous bond sale, and expenditures must be reimbursed to the bond fund in five equal annual installments starting in 1924. If funds are insufficient in any year, the installment may be postponed upon the recommendation of the Secretary of Finance and approval by the Council of State. The Act allows immediate access to the allocated funds by the Director of Public Works and repeals any conflicting laws.
Law Information
- Reference Number
- Act No. 3112
- Date Enacted
- Category
- Statutes
- Subcategory
- Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
March 19, 1923
ACT NO. 3112
AN ACT TO APPROPRIATE THE SUM OF TWO MILLION TWO HUNDRED AND FOUR THOUSAND PESOS FOR THE COMPLETION OF A BUILDING FOR THE USE OF THE LEGISLATURE
SECTION 1. Notwithstanding the provisions of Act Numbered Three thousand and eleven, there is hereby set aside out of the unexpended balance of the proceeds of the sale of bonds under Act Numbered Twenty-nine hundred and forty as restored by the proceeds of the sale of bonds under Act Numbered Three thousand and thirteen, the sum of two million two hundred and four thousand pesos for the completion of a building for the use of the Legislature at Manila. SEHACI
SECTION 2. The total sum that shall have been expended out of the sum herein set aside shall be reimbursed to the bond fund from which it originated in five equal annual installments payable beginning with the year nineteen hundred and twenty-four, and the sum necessary therefor is hereby appropriated: Provided, That if in any year there shall not be sufficient funds available to meet the annual installment herein provided, upon recommendation of the Secretary of Finance, approved by the Council of State, said installment may be postponed from year to year.
SECTION 3. The amount set aside by this Act shall be immediately available for expenditure by the Director of Public Works.
SECTION 4. All Acts or parts of Acts inconsistent with the provisions of this Act are hereby repealed.
SECTION 5. This Act shall take effect on its approval.
Approved, March 19, 1923.
Cite This Law
An Act to Appropriate the Sum of Two Million Two Hundred and Four Thousand Pesos for the Completion of a Building for the Use of the Legislature, Act No. 3112, Mar 19, 1923 (Philippines)
An Act to Appropriate the Sum of Two Million Two Hundred and Four Thousand Pesos for the Completion of a Building for the Use of the Legislature, Act No. 3112 (Phil. 1923)
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