Authority to Deposit Public Funds of the Philippines with the US Secretary of the Treasury
Act No. 4128, enacted on October 5, 1934, authorizes the Insular Treasurer of the Philippine Islands to deposit public funds with the U.S. Secretary of the Treasury. This action requires the approval of the Governor-General and a prior recommendation from the Secretary of Finance. The terms of the deposit, including any interest rates, are to be determined by the U.S. Secretary of the Treasury. The Act takes effect upon approval.
Law Information
- Reference Number
- Act No. 4128
- Date Enacted
- Category
- Statutes
- Subcategory
- Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
October 5, 1934
ACT NO. 4128
AN ACT AUTHORIZING THE INSULAR TREASURER TO DEPOSIT PUBLIC FUNDS OF THE PHILIPPINE ISLANDS WITH THE SECRETARY OF THE TREASURY OF THE UNITED STATES
SECTION 1. The Insular Treasurer with the approval of the Governor-General upon previous recommendation of the Secretary of Finance is authorized in his discretion to deposit with the Secretary of the Treasury of the United States upon such terms and conditions, including the rate of interest, if any, to be received thereon, as such Secretary may from time to time prescribe, any of the public moneys of the Government of the Philippine Islands. aATHIE
SECTION 2. This Act shall take effect upon its approval.
Approved, October 5, 1934.
Cite This Law
Authority to Deposit Public Funds of the Philippines with the US Secretary of the Treasury, Act No. 4128, Oct 5, 1934 (Philippines)
Authority to Deposit Public Funds of the Philippines with the US Secretary of the Treasury, Act No. 4128 (Phil. 1934)
Related Laws
- Authority to Loan Funds of the Insular Treasury to Federal Reserve BanksAct No. 4104 • Dec 5, 1933 • Statutes
- An Act Amending the Provincial Government Act, Numbered Eighty-Three, so as to Provide for the Deposit of Surplus Provincial Funds in the Insular TreasuryAct No. 721 • Apr 4, 1903 • Statutes
- Release of Manuel A. Roxas FundsMemorandum from the Senior Deputy Executive Secretary • Jun 15, 2001 • Presidential Issuances
- Creation of a Regional Project Management Office (RPMO) in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM)Memorandum From the Executive Secretary • Sep 10, 2020 • Presidential Issuances
- Suspension of the Implementation of Department Administrative Order No. 2012-07 or the Implementing Rules and Regulations of Executive Order No. 79Memorandum from the OIC, Office of the Secretary • Sep 28, 2012 • Other Rules and Procedures
- Implementing Rules and Regulations of R.A. No. 10752Committee for the Preparation of the IRR of R.A. 10752 • May 25, 2016 • Implementing Rules and Regulations
Browse More Statutes
Explore other laws in the Statutes category.
View All StatutesNeed Help Understanding This Law?
Ask our AI assistant to explain provisions, implications, or related laws.
Ask AI About This Law