Appropriation of Funds Out of the Port Works Fund
Act No. 4050, enacted on February 20, 1933, appropriates ?675,000 from the "Port Works Fund" to the General Fund. This transfer is intended to partially reimburse past payments made from the General Fund for the interest and sinking funds of bonds issued under previous acts. Specifically, it addresses obligations related to bonds from Acts No. 2908, 3413, and 3417. The act takes effect upon its approval.
Law Information
- Reference Number
- Act No. 4050
- Date Enacted
- Category
- Statutes
- Subcategory
- Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
February 20, 1933
ACT NO. 4050
AN ACT APPROPRIATING THE SUM OF SIX HUNDRED SEVENTY-FIVE THOUSAND PESOS OUT OF THE "PORT WORKS FUND" CREATED BY ACT NUMBERED THREE THOUSAND FIVE HUNDRED AND NINETY-TWO TO BE TRANSFERRED TO THE GENERAL FUND TO REIMBURSE IN PART THE PAYMENTS MADE IN PRIOR YEARS FROM THE GENERAL FUND FOR THE INTERESTS AND SINKING FUNDS OF THE BONDS ISSUED BY VIRTUE OF ACT NUMBERED TWO THOUSAND NINE HUNDRED AND EIGHT AND THE INTERESTS AND SINKING FUNDS FOR THE YEAR NINETEEN HUNDRED AND THIRTY-THREE OF THE BONDS ISSUED BY VIRTUE OF ACTS NUMBERED THREE THOUSAND FOUR HUNDRED AND THIRTEEN AND THREE THOUSAND FOUR HUNDRED AND SEVENTEEN
SECTION 1. The sum of six hundred seventy-five thousand pesos is hereby appropriated out of the "Port Works Fund" created by Act Numbered Three thousand five hundred and ninety-two and transferred to the General Fund to reimburse in part the payments made in prior years from the General Fund for the interests and sinking funds of the bonds issued by virtue of Act Numbered Two thousand nine hundred and eight and the interests and sinking funds for the year nineteen hundred and thirty-three of the bonds issued by virtue of Acts Numbered Three thousand four hundred and thirteen and Three thousand four hundred and seventeen. EIcSDC
SECTION 2. This Act shall take effect on its approval.
Approved, February 20, 1933.
Cite This Law
Appropriation of Funds Out of the Port Works Fund, Act No. 4050, Feb 20, 1933 (Philippines)
Appropriation of Funds Out of the Port Works Fund, Act No. 4050 (Phil. 1933)
Related Laws
- Appropriation of Funds Out of the Port Works FundAct No. 3878 • Nov 13, 1931 • Statutes
- Appropriation of Funds Out of the Port Works FundAct No. 4149 • Nov 28, 1934 • Statutes
- Appropriation of Funds Out of the Port Works FundAct No. 4100 • Nov 29, 1933 • Statutes
- Port Works FundAct No. 3592 • Nov 29, 1929 • Statutes
- Amendment to Act No. 3592 Re: Port Works Fund ActRepublic Act No. 1216 • May 10, 1955 • Statutes
- An Act Making Appropriation for Public Works and Permanent ImprovementsAct No. 2378 • Feb 28, 1914 • Statutes
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