Appropriation of Unexpended Balance of Proceeds of Bonds Issued Under Acts No. 2940 and 3013
Act No. 3932, approved on November 29, 1932, appropriates the unexpended balance of funds from previously issued bonds for the construction of permanent bridges and loans to municipalities for building market structures, warehouses, and waterworks. The Act stipulates that the construction of bridges must follow the same procedures as those financed under a related act, with toll revenues reverting to the Insular Treasury. The Secretary of Finance is authorized to allocate up to two million pesos for municipal loans, subject to specified conditions. This Act takes effect upon approval.
Law Information
- Reference Number
- Act No. 3932
- Date Enacted
- Category
- Statutes
- Subcategory
- Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
November 29, 1932
ACT NO. 3932
AN ACT APPROPRIATING THE UNEXPENDED BALANCE OF THE PROCEEDS OF THE BONDS ISSUED UNDER ACTS NUMBERED TWENTY-NINE HUNDRED AND FORTY AND THREE THOUSAND AND THIRTEEN FOR THE CONSTRUCTION OF PERMANENT BRIDGES, MARKET BUILDINGS, MUNICIPAL WAREHOUSES AND WATERWORKS, AND FOR OTHER PURPOSES
SECTION 1. The unexpended balance of funds under Acts Numbered Twenty-nine hundred and forty and Three thousand and thirteen are hereby appropriated for the construction of permanent bridges and for loans to municipalities for the construction of market buildings, municipal warehouses, and waterworks. The provisions of Act Numbered Three thousand and eleven to the contrary notwithstanding, bridges constructed under the provisions of this Act shall be carried out in the same manner as those bridges financed under Act Numbered Thirty-five hundred, as amended. Toll collections from bridges constructed under the provisions of this Act shall revert to the general funds of the Insular Treasury. The Secretary of Finance is hereby authorized to utilize not to exceed two million pesos of these funds for loans to municipalities for the construction of municipal markets, municipal warehouses and waterworks subject to such conditions and regulations as he may prescribe. HEITAD
SECTION 2. This Act shall take effect on its approval.
Approved, November 29, 1932.
Cite This Law
Appropriation of Unexpended Balance of Proceeds of Bonds Issued Under Acts No. 2940 and 3013, Act No. 3932, Nov 29, 1932 (Philippines)
Appropriation of Unexpended Balance of Proceeds of Bonds Issued Under Acts No. 2940 and 3013, Act No. 3932 (Phil. 1932)
Related Laws
- An Act to Provide for the Issue of Bonds of the Government of the Philippine Islands in the Sum of Twenty-One Million Five Hundred Thousand Dollars for the Purpose of Making Funds Immediately Available for Certain Public Works, and for Other PurposesAct No. 3013 • Mar 8, 1922 • Statutes
- Providing for the Issue of Bonds of the Government of the Philippine Islands in the Amount of $10,000,000 for Public WorksAct No. 2940 • Feb 5, 1921 • Statutes
- Reappropriation of Unexpended Balance for LeyteRepublic Act No. 3297 • Jun 18, 1961 • Statutes
- Reappropriation of Unexpended Balance of Funds Appropriated Under Act No. 3213, as AmendedAct No. 3305 • Dec 2, 1926 • Statutes
- Reappropriation of Unexpended Balance of Funds Appropriated Under Act No. 3427Act No. 3824 • Oct 5, 1931 • Statutes
- Authority to Leyte to Issue BondsAct No. 3481 • Dec 7, 1928 • Statutes
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