Condonation of Local Government Debts Incurred for Public Works Destroyed During WWII
Republic Act No. 839, enacted on April 4, 1953, condones all debts incurred by provincial, city, or municipal governments for constructing public infrastructure that was destroyed during World War II, provided these governments did not receive war damage payments. The National Government assumes responsibility for any debts arising from loans taken by local governments for these purposes. This act aims to alleviate the financial burden on local governments affected by the war. The law took effect immediately upon its approval.
Law Information
- Reference Number
- Republic Act No. 839
- Date Enacted
- Category
- Statutes
- Subcategory
- Republic Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
April 4, 1953
REPUBLIC ACT NO. 839
AN ACT TO CONDONE ALL DEBTS INCURRED BY PROVINCIAL, CITY OR MUNICIPAL GOVERNMENTS FOR THE PURPOSE OF CONSTRUCTING GOVERNMENT BUILDINGS, WATERWORKS SYSTEMS, MARKETS AND OTHER PUBLIC EDIFICES WHICH WERE LATER DESTROYED DURING WORLD WAR II
SECTION 1. All indebtedness incurred by provincial, city or municipal governments for the purpose of constructing government buildings, waterworks systems, markets and any other public edifices which were subsequently destroyed during the last world war and for which destructions no war damage payments were received by said local governments are hereby condoned by the National Government and if the provincial, city or municipal governments incurred said indebtedness from any bank, the same shall be assumed by the National Government. cd i
SECTION 2. This Act shall take effect upon its approval.
Approved: April 4, 1953
Published in the Official Gazette, Vol. 49, No. 4, p. 1322 in April 1953
Cite This Law
Condonation of Local Government Debts Incurred for Public Works Destroyed During WWII, Republic Act No. 839, Apr 4, 1953 (Philippines)
Condonation of Local Government Debts Incurred for Public Works Destroyed During WWII, Republic Act No. 839 (Phil. 1953)
Related Laws
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