Appropriation of Funds to Implement R.A. No. 604 Re: Counterpart Fund
Republic Act No. 1278, approved on June 14, 1955, allocates an additional sum of twenty-three million pesos from the National Treasury as a Counterpart Fund to support the implementation of Republic Act No. 604. The allocated funds can be utilized until fully expended, even beyond the initial deadline of June 30, 1957. The Act is set to take effect on July 1, 1956. This legislation aims to enhance financial resources for specified governmental purposes.
Law Information
- Reference Number
- Republic Act No. 1278
- Date Enacted
- Category
- Statutes
- Subcategory
- Republic Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
June 14, 1955
REPUBLIC ACT NO. 1278
AN ACT APPROPRIATING AN ADDITIONAL SUM OF TWENTY-THREE MILLION PESOS AS COUNTERPART FUND TO CARRY OUT THE PURPOSES OF REPUBLIC ACT NUMBERED SIX HUNDRED AND FOUR
SECTION 1. The sum of twenty-three million pesos is hereby appropriated, out of any funds in the National Treasury not otherwise appropriated, as additional Counterpart Fund to carry out the purposes of Republic Act Numbered Six hundred and four.
SECTION 2. This appropriation shall be available for expenditure until exhausted even after June thirty, nineteen hundred and fifty-seven.
SECTION 3. This Act shall take effect July first, Nineteen Hundred Fifty-Six. acd
Approved: June 14, 1955
Published in the Official Gazette, Vol. 51, No. 7, p. 3351 in July 1955
Cite This Law
Appropriation of Funds to Implement R.A. No. 604 Re: Counterpart Fund, Republic Act No. 1278, Jun 14, 1955 (Philippines)
Appropriation of Funds to Implement R.A. No. 604 Re: Counterpart Fund, Republic Act No. 1278 (Phil. 1955)
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