Authority to Manila Harbor Board to Transfer Surplus Funds
Act No. 3947, approved on December 1, 1932, authorizes the Manila Harbor Board to transfer 200,000 pesos from its surplus funds to the general funds of the Insular Government. The funds will be withdrawn from the board's deposits in the Philippine National Bank and subsequently accounted for by the Insular Treasurer. This act facilitates the allocation of surplus resources to support governmental financial needs. The law takes effect upon its approval.
Law Information
- Reference Number
- Act No. 3947
- Date Enacted
- Category
- Statutes
- Subcategory
- Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
December 1, 1932
ACT NO. 3947
AN ACT TO AUTHORIZE THE MANILA HARBOR BOARD TO TRANSFER TO THE GENERAL FUNDS OF THE INSULAR GOVERNMENT THE SUM OF TWO HUNDRED THOUSAND PESOS FROM THE BOARD'S SURPLUS FUNDS
SECTION 1. The Manila Harbor Board, created by Act Numbered Three thousand and two, as amended by Act Numbered Thirty-eight hundred and fifty-one, shall cause the withdrawal of the sum of two hundred thousand pesos from its deposits in the Philippine National Bank and shall transfer the said sum to the Insular Treasurer to be accounted for as part of the general funds of the Insular Government.
SECTION 2. This Act shall take effect on its approval.
Approved, December 1, 1932.
Cite This Law
Authority to Manila Harbor Board to Transfer Surplus Funds, Act No. 3947, Dec 1, 1932 (Philippines)
Authority to Manila Harbor Board to Transfer Surplus Funds, Act No. 3947 (Phil. 1932)
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