Grant of Loans to Provinces and Municipalities
Act No. 3420, enacted on December 7, 1927, appropriates a total of ?3,024,900 to provide loans to various provinces and municipalities in the Philippines for infrastructure projects, such as the construction of waterworks, market buildings, and presidencia buildings. The loans are to be repaid in annual installments, with specific amounts allocated to different municipalities for designated projects. This act addresses the need for immediate funding despite legal uncertainties surrounding the Loan Board's constitutionality. The Insular Treasurer is responsible for releasing the loans, and repayments will contribute to a reimbursable account for future loans under similar conditions.
Quick Answers
- What is Grant of Loans to Provinces and Municipalities about?
- Act No. 3420, enacted on December 7, 1927, appropriates a total of ?3,024,900 to provide loans to various provinces and municipalities in the Philippines for infrastructure projects, such as the construction of waterworks, market buildings, and presidencia buildings. The loans are to be repaid in annual installments, with specific amounts allocated to different municipalities for designated projects. This act addresses the need for immediate funding despite legal uncertainties surrounding the Loan Board's constitutionality. The Insular Treasurer is responsible for releasing the loans, and repayments will contribute to a reimbursable account for future loans under similar conditions.
- What type of law is Act No. 3420?
- Grant of Loans to Provinces and Municipalities (Act No. 3420) is a Philippine Statutes enacted by the Congress of the Philippines.
- When was Grant of Loans to Provinces and Municipalities enacted?
- Grant of Loans to Provinces and Municipalities (Act No. 3420) was enacted on Dec 7, 1927.
- What is the citation for Grant of Loans to Provinces and Municipalities?
- Grant of Loans to Provinces and Municipalities, Act No. 3420, Dec 7, 1927 (Philippines)
Law Information
- Reference Number
- Act No. 3420
- Date Enacted
- Category
- Statutes
- Subcategory
- Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
December 7, 1927
ACT NO. 3420
AN ACT GRANTING LOANS TO PROVINCES AND MUNICIPALITIES AND APPROPRIATING THE SUM OF THREE MILLION EIGHTY-NINE THOUSAND AND NINE HUNDRED PESOS FOR THIS PURPOSE
WHEREAS, the Loan Board created by Act Numbered Three thousand three hundred and thirty-five of the Philippine Legislature has approved certain loans to provinces and municipalities in accordance with the provisions of said Act;
WHEREAS, notwithstanding the approval of said loans the Insular Auditor has refused to authorize the release of the corresponding funds, because in his opinion the aforesaid Loan Board is illegally constituted in the light of the decision of the Supreme Court of the Philippine Islands in the case of Milton E. Springer, et al. vs. The Government of the Philippine Islands, which case is now pending final decision before the Supreme Court of the United States;
WHEREAS, the public welfare requires the immediate release of said funds while awaiting the final determination by the courts as to the legality of the Loan Board, either as a result of the doctrine that may be established in the case of Milton E. Springer, et al. vs. The Government of the Philippine Islands above referred to, or in an independent action that may be instituted by interested parties to compel the Insular Auditor to order the release of similar funds: Now, therefore,
Be it enacted by the Senate and House of Representatives of the Philippines in Legislature assembled and by the authority of the same:
SECTION 1. The loan fund of three million five hundred thousand pesos appropriated and set aside by Act Numbered Three thousand three hundred and thirty-five is hereby reduced by the amount of three million twenty-four thousand and nine hundred pesos and said amount of three million twenty-four thousand and nine hundred pesos is hereby appropriated to be loaned to the following provinces and municipalities in the sums and for the purposes, respectively, herein specified, and under the terms, conditions and limitations as prescribed and approved by the Loan Board created by said Act Numbered Three thousand three hundred and thirty-five.
| Abra |
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| Municipality of Bangued — for the reconstruction |
|
| of waterworks, payable in ten annual amortized |
|
| installments |
P5,700.00
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| Albay |
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|
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| Municipality of Camalig — for the construction of |
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| a market building, payable in ten annual amortized |
|
| installments |
11,000.00
|
| Municipality of Libon — for the construction of |
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| a presidencia building, payable in ten annual |
|
| amortized installments |
8,500.00
|
| Municipality of Ligao — for the construction |
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| of waterworks, payable in ten annual amortized |
|
| installments |
30,000.00
|
| Municipality of Oas — for the construction of |
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| waterworks, payable in ten annual amortized |
|
| installments |
25,000.00
|
| Municipality of Oas — for the construction of |
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| a presidencia building, payable in ten annual |
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| amortized installments |
7,000.00
|
| Municipality of Polangui — for the construction |
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| of a presidencia building, payable in ten annual |
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| amortized installments |
17,000.00
|
| Municipality of Tabaco — for the construction |
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| of a presidencia building, payable in ten annual |
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| amortized installments |
40,000.00
|
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| Antique |
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| Municipality of Barbaza — for the construction of |
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| waterworks, payable in ten annual amortized installments |
8,000.00
|
| Municipality of Pandan — for the construction of |
|
| waterworks, payable in ten annual amortized installments |
10,000.00
|
| Municipality of Patnongon — for the construction of |
|
| waterworks, payable in ten annual amortized installments |
10,000.00
|
| Municipality of Sibalom — for the construction of |
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| waterworks, payable in ten annual amortized installments |
9,000.00
|
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| Bataan |
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| Municipality of Hermosa — for the completion of its |
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| presidencia building, payable in five annual amortized |
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| installments |
2,000.00
|
| Municipality of Orani — for the construction of |
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| market tiendas, payable in ten annual amortized |
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| installments |
5,000.00
|
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| Batangas |
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| Municipality of Balayan — for the construction of an |
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| intermediate school and a school of domestic science, |
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| payable in ten annual amortized installments |
50,000.00
|
| Municipality of Bauan — for the completion of its |
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| lighting system, payable in five annual amortized |
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| installments |
5,000.00
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| Municipality of Bolbok — for the construction of |
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| a presidencia building, payable in ten annual |
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| amortized installments |
30,000.00
|
| Municipality of Lipa — for the construction of |
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| market tiendas and acquisition of additional market |
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| site, payable in ten annual amortized installments |
20,000.00
|
| Municipality of Taal — for the construction of a |
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| market building, payable in ten annual amortized |
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| installments |
50,000.00
|
| Municipality of Tanawan — for the construction |
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| of a presidencia building, payable in ten annual |
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| amortized installments |
30,000.00
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| Bohol |
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| Province of Bohol — for the construction of a bridge |
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| over the Wahig River, payable in five annual amortized |
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| installments |
60,000.00
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| Municipality of Baclayon — for the construction of |
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| waterworks, payable in ten annual amortized installments |
9,000.00
|
| Municipality of Batuan — for the construction of a |
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| presidencia building, payable in ten annual amortized |
|
| installments |
5,000.00
|
| Municipality of Dimiao — for the construction of |
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| waterworks, payable in ten annual amortized installments |
10,000.00
|
| Municipality of Calape — for the construction of a |
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| presidencia building, payable in ten annual amortized |
|
| installments |
20,000.00
|
| Municipality of Jagna — for the construction of a |
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| market building, payable in ten annual amortized |
|
| installments |
15,000.00
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| Municipality of Garcia-Hernandez — for the |
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| construction of a school building, payable in |
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| ten annual amortized installments |
10,000.00
|
| Municipality of Guindulman — for the construction |
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| of waterworks, payable in ten annual amortized |
|
| installments |
10,000.00
|
| Municipality of Valencia — for the construction of |
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| waterworks, payable in ten annual amortized installments |
8,000.00
|
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| Bulacan |
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| Municipality of Hagonoy — for the construction of |
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| waterworks, payable in ten annual amortized installments |
33,400.00
|
| Municipality of San Ildefonso — for the construction |
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| of artesian well, payable in ten annual amortized |
|
| installments |
5,000.00
|
| Municipality of Malolos — for the construction of |
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| a market building, payable in ten annual amortized |
|
| installments |
36,000.00
|
| Municipality of Meycauayan — for the construction |
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| of waterworks, payable in ten annual amortized |
|
| installments |
25,000.00
|
| Municipality of Obando — for the construction of |
|
| four additional school rooms, payable in ten annual |
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| amortized installments |
6,000.00
|
| Municipality of Polo — for the drilling of artesian |
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| wells, payable in ten annual amortized installments |
6,700.00
|
| Municipality of San Miguel — for the construction |
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| of a waterwork, payable in ten annual amortized |
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| installments |
12,500.00
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| Cagayan |
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| Municipality of Aparri — for the construction of |
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| a presidencia building, payable in ten annual |
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| amortized installments |
30,000.00
|
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| Camarines Norte |
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| Municipality of Daet — for the construction of |
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| a retaining wall, payable in five annual amortized |
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| installments |
5,000.00
|
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| Camarines Sur |
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| Municipality of Baao — for the construction of |
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| a market building, payable in ten annual amortized |
|
| installments |
21,000.00
|
| Municipality of Buhi — for the construction of |
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| a market building, payable in ten annual amortized |
|
| installments |
24,000.00
|
| Municipality of Goa — for the construction of |
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| a market building, payable in ten annual |
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| amortized installments |
28,000.00
|
| Municipality of Nabua — for the construction |
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| of a market building, payable in ten annual |
|
| amortized installments |
15,000.00
|
| Municipality of Naga — for the construction of |
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| a market building, payable in ten annual |
|
| amortized installments |
10,000.00
|
| Municipality of Pasacao — for the construction |
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| of waterworks, payable in five annual amortized |
|
| installments |
2,000.00
|
| Municipality of Tigaon — for the construction |
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| of market tiendas, payable in ten annual amortized |
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| installments |
7,500.00
|
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| Capiz |
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| Municipality of Capiz — for the construction of |
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| waterworks, payable in ten annual amortized installments |
47,000.00
|
| Municipality of Banga — for the construction of |
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| a market building, payable in ten annual amortized |
|
| installments |
22,000.00
|
| Municipality of Dumalag — for the construction of |
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| a market building, payable in ten annual amortized |
|
| installments |
20,000.00
|
| Municipality of Iuisan — for the construction of |
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| waterworks, payable in ten annual amortized installments |
9,000.00
|
| Municipality of Mambusao — for the construction of |
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| a presidencia building, payable in ten annual amortized |
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| installments |
10,000.00
|
| Municipality of Panay — for the construction of |
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| a market building, payable in ten annual amortized |
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| installments |
12,000.00
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| Municipality of Panitan — for the construction of |
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| market building, payable in ten annual amortized |
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| installments |
10,000.00
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| Cavite |
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| Municipality of Bacoor — for the construction of |
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| a presidencia building, payable in ten annual |
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| amortized installments |
17,000.00
|
| Municipality of Carmona — for the acquisition of |
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| a presidencia and market site, payable in ten annual |
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| amortized installments |
4,000.00
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| Municipality of Dasmariñas — for the construction |
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| of waterworks, payable in ten annual amortized |
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| installments |
5,000.00
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| Municipality of General Trias — for the construction |
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| of a presidencia building, payable in ten annual |
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| amortized installments |
17,000.00
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| Municipality of Indang — for the construction of |
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| a presidencia building, payable in ten annual |
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| amortized installments |
20,000.00
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| Municipality of Mendez Nuñez — for the construction |
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| of a market building, payable in ten annual amortized |
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| installments |
15,000.00
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| Municipality of Rosario — for the construction of |
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| a presidencia building, payable in ten annual amortized |
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| installments |
9,000.00
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| Municipality of Tanza — for the construction of |
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| a market building, payable in ten annual amortized |
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| installments |
8,000.00
|
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| Cebu |
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| Municipality of Carcar — for the construction of |
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| waterworks, payable in ten annual amortized installments |
10,000.00
|
| Municipality of Consolacion — for the construction |
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| of a market building, payable in ten annual amortized |
|
| installments |
30,000.00
|
| Municipality of Danao — for the construction of a |
|
| presidencia building, payable in ten annual amortized |
|
| installments |
20,000.00
|
| Municipality of Sogod — for the construction of a |
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| presidencia building, payable in ten annual amortized |
|
| installments |
6,000.00
|
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| Ilocos Norte |
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|
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| Municipality of Bangui — for the construction of a |
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| presidencia building, payable in ten annual amortized |
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| installments |
10,000.00
|
| Municipality of Batac — for the construction of a |
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| presidencia building, payable in ten annual amortized |
|
| installments |
17,000.00
|
| Municipality of Currimao — for the construction of |
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| a presidencia building, payable in ten annual amortized |
|
| installments |
9,000.00
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| Municipality of Laoag — for the construction of market |
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| tiendas, payable in ten annual amortized installments |
15,000.00
|
| Municipality of Pinili — for the construction of a |
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| presidencia building, payable in ten annual amortized |
|
| installments |
6,000.00
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| Municipality of Sarrat — for the construction of a |
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| school building, payable in ten annual amortized |
|
| installments |
3,850.00
|
| Municipality of Dingras — for the construction of |
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| a market building, payable in ten annual amortized |
|
| installments |
20,000.00
|
| Municipality of Dingras — for the construction of |
|
| school building, payable in ten annual amortized |
|
| installments |
13,000.00
|
| Municipality of Dingras — for the completion of a |
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| presidencia building, payable in ten annual amortized |
|
| installments |
10,500.00
|
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| Ilocos Sur |
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| Municipality of Santa Catalina — for the construction |
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| of waterworks, payable in ten annual amortized |
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| installments |
4,650.00
|
| Municipality of San Vicente — for the construction |
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| of waterworks, payable in ten annual amortized |
|
| installments |
6,300.00
|
| Municipality of Sinait — for the construction of a |
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| market building, payable in ten annual amortized |
|
| installments |
12,000.00
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| Municipality of Santiago — for the construction of |
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| waterworks, payable in ten annual amortized installments |
6,000.00
|
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| Iloilo |
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| Municipality of Balasan — for the construction of a |
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| market building, payable in ten annual amortized |
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| installments |
13,000.00
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| Municipality of Banate — for the construction of a |
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| market building, payable in ten annual amortized |
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| installments |
10,000.00
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| Municipality of Dueñas — for the construction of a |
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| market building, payable in ten annual amortized |
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| installments |
13,000.00
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| Municipality of Estancia — for the construction of a |
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| market building, payable in ten annual amortized |
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| installments |
15,000.00
|
| Municipality of Arevalo — for the reconstruction of |
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| the presidencia building, payable in five annual |
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| amortized installments |
1,000.00
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| Municipality of Miagao — for the construction of a |
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| market building, payable in ten annual amortized |
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| installments |
15,000.00
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| Municipality of La Paz — for the construction of |
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| presidencia building, payable in ten annual amortized |
|
| installments |
30,000.00
|
| Municipality of Calinog — for the construction of a |
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| market building, payable in ten annual amortized |
|
| installments |
14,000.00
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| Municipality of Oton — for the construction of a |
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| market building, payable in ten annual amortized |
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| installments |
30,000.00
|
| Municipality of San Dionisio — for the construction |
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| of a market building, payable in ten annual amortized |
|
| installments |
10,000.00
|
| Municipality of Janiuay — for the construction of a |
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| market building, payable in ten annual amortized |
|
| installments |
20,000.00
|
| Municipality of San Miguel — for the construction |
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| of an additional market building, payable in ten annual |
|
| amortized installments |
5,000.00
|
| Municipality of Passi — for the construction of a |
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| presidencia building, payable in ten annual amortized |
|
| installments |
25,000.00
|
| Municipality of Sara — for the construction of |
|
| waterworks, payable in ten annual amortized installments |
15,000.00
|
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| La Union |
|
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| Municipality of Agoo — for the construction of market |
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| tiendas and slaughterhouse, payable in ten annual |
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| amortized installments |
6,000.00
|
| Municipality of Bangar — for the construction of a market |
|
| building, payable in ten annual amortized installments |
10,000.00
|
| Municipality of Bacnotan — for the construction of a |
|
| market building, payable in ten annual amortized |
|
| installments |
10,000.00
|
| Municipality of Bauang — for the construction of a |
|
| market building, payable in ten annual amortized |
|
| installments |
7,000.00
|
| Municipality of San Juan — for the construction of a |
|
| market building, payable in ten annual amortized |
|
| installments |
10,000.00
|
| Municipality of Tubao — for the construction of a |
|
| market building, payable in ten annual amortized |
|
| installments |
6,000.00
|
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| Laguna |
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|
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| Municipality of Alaminos — for the construction of a |
|
| presidencia building, payable in ten annual amortized |
|
| installments |
10,000.00
|
| Municipality of Los Baños — for the construction of a |
|
| presidencia building, payable in ten annual amortized |
|
| installments |
10,000.00
|
| Municipality of Los Baños — for the construction of |
|
| waterworks, payable in ten annual amortized installments |
4,000.00
|
| Municipality of Lumban — for the construction of |
|
| waterworks, payable in ten annual amortized installments |
8,000.00
|
| Municipality of Paete — for the construction of |
|
| waterworks, payable in ten annual amortized installments |
6,000.00
|
| Municipality of Pagsanjan — for the construction of a |
|
| retaining wall, to protect the market site on the riverside, |
|
| payable in ten annual amortized installments |
15,000.00
|
| Municipality of Luisiana — for the construction of a |
|
| market building, payable in ten annual amortized |
|
| installments |
7,000.00
|
|
|
|
| Leyte |
|
|
|
|
| Province of Leyte — for the construction of a school |
|
| building, payable in ten annual amortized installments |
120,000.00
|
| Municipality of Baybay — for the acquisition of the |
|
| land and building of Mrs. Martina A. Moraza for |
|
| municipal purposes, payable in ten annual amortized |
|
| installments |
30,000.00
|
| Municipality of Palo — for the completion of the |
|
| presidencia building, payable in ten annual amortized |
|
| installments |
20,000.00
|
| Municipality of Villaba — for the construction of |
|
| waterworks, payable in ten annual amortized installments |
3,000.00
|
| Marinduque |
|
| Municipality of Boac — for the construction of a |
|
| presidencia building, payable in ten annual amortized |
|
| installments |
23,000.00
|
| Municipality of Buenavista — for the construction of |
|
| a presidencia building, payable in ten annual |
|
| amortized installments |
6,000.00
|
|
|
|
| Masbate |
|
|
|
|
| Municipality of Masbate — for the construction of market |
|
| tiendas, payable in ten annual amortized installments |
4,000.00
|
| Province of Masbate — for the construction of |
|
| waterworks, payable in ten annual amortized installments |
36,000.00
|
|
|
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| Mindoro |
|
|
|
|
| Municipality of Calapan — for the construction of a |
|
| presidencia building, payable in ten annual amortized |
|
| installments |
14,000.00
|
|
|
|
| Misamis |
|
|
|
|
| Province of Misamis — for the construction of the |
|
| Oroquieta bridge, payable in five annual amortized |
|
| installments |
80,000.00
|
| Municipality of Cagayan — for the construction of |
|
| waterworks, payable in ten annual amortized installments |
25,000.00
|
| Municipality of Catarman — for the construction of |
|
| waterworks, payable in ten annual amortized installments |
7,000.00
|
|
|
|
| Nueva Ecija |
|
|
|
|
| Municipality of Cabanatuan — for the construction of |
|
| market tiendas, payable in five annual amortized |
|
| installments |
50,000.00
|
| Municipality of Gapan — for the construction of a |
|
| market building, payable in ten annual amortized |
|
| installments |
17,000.00
|
| Municipality of San Antonio — for the drilling of |
|
| artesian wells, payable in ten annual amortized |
|
| installments |
5,000.00
|
| Municipality of Guimba — for the construction of a |
|
| market building, payable in ten annual amortized |
|
| installments |
15,000.00
|
| Municipality of Muñoz — for the completion of a |
|
| market building, payable in ten annual amortized |
|
| installments |
30,000.00
|
| Municipality of Quezon — for the drilling of artesian |
|
| wells, payable in ten annual amortized installments |
4,000.00
|
|
|
|
| Palawan |
|
|
|
|
| Municipality of Puerto Princesa — for the |
|
| reconstruction of waterworks, payable in five |
|
| annual amortized installments |
1,500.00
|
|
|
|
| Occidental Negros |
|
|
|
|
| Province of Occidental Negros — for the construction |
|
| of a bridge over the Danao River, payable in five |
|
| annual amortized installments |
50,000.00
|
| Province of Occidental Negros — for the construction |
|
| of a bridge over the Suay River, payable in five |
|
| annual amortized installments |
50,000.00
|
| Municipality of Bago — for the construction of a |
|
| market building at the mill site of the Ma-ao Sugar |
|
| Central, payable in ten annual amortized installments |
20,000.00
|
| Municipality of Bago — for the construction of a |
|
| school building, payable in five annual amortized |
|
| installments |
15,000.00
|
| Municipality of Calatrava — for the construction of |
|
| waterworks, payable in ten annual amortized installments |
12,500.00
|
| Municipality of Ilog — for the construction of a market |
|
| building and for the acquisition of the site therefor, |
|
| payable in ten annual amortized installments |
16,000.00
|
| Municipality of Isabela — for the construction of a |
|
| market building, payable in ten annual amortized |
|
| installments |
20,000.00
|
| Municipality of Manapla — for the construction of a |
|
| market building, payable in ten annual amortized |
|
| installments |
24,000.00
|
| Municipality of Sagay — for the construction of a |
|
| market building, payable in ten annual amortized |
|
| installments |
12,000.00
|
| Municipality of Silay — for the construction of a |
|
| presidencia building, payable in ten annual amortized |
|
| installments |
20,000.00
|
| Municipality of Valladolid —for the construction |
|
| of a market building, payable in ten annual amortized |
|
| installments |
12,000.00
|
|
|
|
| Oriental Negros |
|
|
|
|
| Municipality of Ayuquitan — for the construction of |
|
| a market building, payable in ten annual amortized |
|
| installments |
10,000.00
|
| Municipality of Bacong — for the construction of a |
|
| market building, payable in ten annual amortized |
|
| installments |
6,000.00
|
| Municipality of Jimalalud — for the construction of |
|
| a school building, payable in ten annual amortized |
|
| installments |
7,000.00
|
| Municipality of Lazi — for the construction of a |
|
| market building, payable in ten annual amortized |
|
| installments |
9,000.00
|
| Municipality of Luzuriaga — for the construction of |
|
| a school building, payable in ten annual amortized |
|
| installments |
4,000.00
|
| Municipality of Manjuyod — for the construction of |
|
| waterworks, payable in ten annual amortized installments |
6,000.00
|
| Municipality of Sibulan — for the construction of a |
|
| market building, payable in ten annual amortized |
|
| installments |
4,000.00
|
| Municipality of Siquijor — for the improvement of |
|
| waterworks, payable in five annual amortized installments |
2,500.00
|
| Municipality of Tanjay — for the construction of |
|
| waterworks, payable in ten annual amortized installments |
17,000.00
|
| Municipality of Tayasan — for the construction of a school |
|
| building, payable in ten annual amortized installments |
9,000.00
|
|
|
|
| Pampanga |
|
|
|
|
| Municipality of Floridablanca — for the construction of |
|
| an intermediate school, payable in ten annual amortized |
|
| installments |
12,000.00
|
| Municipality of Lubao — for the construction of a |
|
| school building, payable in ten annual amortized |
|
| installments |
25,000.00
|
| Municipality of Guagua — for the construction of |
|
| waterworks, payable in ten annual amortized installments |
20,000.00
|
| Municipality of Mexico — for the construction of a |
|
| school building, payable in ten annual amortized |
|
| installments |
18,000.00
|
| Municipality of San Fernando — for the construction |
|
| of a market building, payable in ten annual amortized |
|
| installments |
20,000.00
|
| Municipality of San Fernando — for the construction |
|
| of waterworks, payable in ten annual amortized |
|
| installments |
30,000.00
|
| Municipality of San Simon — for the construction of |
|
| a market building, payable in ten annual amortized |
|
| installments |
7,000.00
|
| Pangasinan |
|
| Municipality of Alaminos — for the construction of a |
|
| market building, payable in ten annual amortized |
|
| installments |
12,000.00
|
| Municipality of Bugallon — for the construction of a |
|
| presidencia building, payable in ten annual amortized |
|
| installments |
7,000.00
|
| Municipality of Malasiqui — for the construction of a |
|
| market building, payable in ten annual amortized |
|
| installments |
30,000.00
|
| Municipality of Mapandan — for the completion of the |
|
| presidencia building, payable in five annual amortized |
|
| installments |
3,200.00
|
| Municipality of Mangaldan — for the construction of |
|
| a market building, payable in ten annual amortized |
|
| installments |
15,000.00
|
| Municipality of Santa Barbara — for the construction |
|
| of a market building, payable in ten annual amortized |
|
| installments |
15,000.00
|
| Municipality of Umingan — for the construction of a |
|
| presidencia building, payable in ten annual amortized |
|
| installments |
20,000.00
|
| Municipality of Urdaneta — for the construction of |
|
| market tiendas, payable in ten annual amortized |
|
| installments |
17,000.00
|
|
|
|
| Rizal |
|
|
|
|
| Municipality of Taguig — for the construction of a |
|
| presidencia building, payable in ten annual amortized |
|
| installments |
12,000.00
|
|
|
|
| Romblon |
|
|
|
|
| Municipality of Badajos — for the construction of |
|
| waterworks, payable in ten annual amortized installments |
9,000.00
|
| Municipality of Cajidiocan — for the construction of |
|
| waterworks, payable in ten annual amortized installments |
4,000.00
|
| Municipality of Odiongan — for the construction of |
|
| waterworks, payable in ten annual amortized installments |
15,000.00
|
|
|
|
| Samar |
|
|
|
|
| Municipality of Allen — for the construction of a school |
|
| building, payable in ten annual amortized installments |
5,000.00
|
| Municipality of Oras — for the construction of a |
|
| presidencia building, payable in ten annual amortized |
|
| installments |
9,000.00
|
|
|
|
| Sorsogon |
|
|
|
|
| Municipality of Bulan — for the construction of a market |
|
| building, payable in ten annual amortized installments |
8,000.00
|
| Municipality of Bulusan — for the construction of a |
|
| market building, payable in ten annual amortized |
|
| installments |
8,000.00
|
| Municipality of Casiguran — for the construction of a |
|
| market building, payable in ten annual amortized |
|
| installments |
15,000.00
|
|
|
|
| Tarlac |
|
|
|
|
| Municipality of Camiling — for the construction of a |
|
| school building, payable in ten annual amortized |
|
| installments |
18,000.00
|
| Municipality of Capaz — for the construction of a |
|
| school building, payable in ten annual amortized |
|
| installments |
12,000.00
|
| Municipality of Moncada — for the construction of a |
|
| school building, payable in ten annual amortized |
|
| installments |
17,000.00
|
| Municipality of Paniqui — for the construction of a |
|
| presidencia building, payable in ten annual amortized |
|
| installments |
40,000.00
|
|
|
|
| Tayabas |
|
|
|
|
| Municipality of Atimonan — for the construction of |
|
| waterworks, payable in ten annual amortized |
|
| installments |
50,000.00
|
| Municipality of Calauag — for the construction of |
|
| a market building, payable in ten annual amortized |
|
| installments |
26,000.00
|
| Municipality of Lopez — for the construction of a |
|
| school building, payable in ten annual amortized |
|
| installments |
24,000.00
|
| Municipality of Gumaca — for the construction of |
|
| a school building, payable in ten annual amortized |
|
| installments |
50,000.00
|
| Municipality of Lucban — for the construction of |
|
| a school building, payable in ten annual amortized |
|
| installments |
30,000.00
|
| Municipality of Macalelon — for the construction |
|
| of a school building, payable in ten annual |
|
| amortized installments |
8,000.00
|
| Municipality of Tayabas — for the construction of |
|
| a school building, payable in ten annual amortized |
|
| installments |
50,000.00
|
|
|
|
| Zambales |
|
|
|
|
| Municipality of Santa Cruz — for the completion of a |
|
| presidencia building, payable in five annual amortized |
|
| installments |
2,000.00
|
| Municipality of San Antonio — for the construction of |
|
| waterworks, payable in ten annual amortized installments |
8,600.00
|
|
–––––––––––
|
|
| Total |
3,024,900.00
|
|
==========
|
SECTION 2. The loans granted in section one of this Act shall be released by the Insular Treasurer and all repayments thereon, together with the interests paid, shall accrue to the reimbursable account created by Act Numbered Three thousand three hundred and thirty-five, to be invested in loans to provinces, municipalities, and chartered cities under the conditions provided in that Act. DETACa
SECTION 3. The sum of sixty-five thousand pesos is also hereby appropriated from the funds to accrue to the reimbursable account created by Act Numbered Three thousand three hundred and thirty-five to be loaned to the following province and municipality in the sums and for the purposes, respectively, herein specified, and under the terms, conditions, and limitations as prescribed and approved by the Loan Board created by said Act Numbered Three thousand three hundred and thirty-five:
| Municipality of Leon, Province of Iloilo — for the | |
| construction of a market building, payable in ten | |
| annual amortized installments |
P15,000.00
|
| Province of Nueva Ecija — for the construction of a |
|
| bridge over the Binituan River, payable in ten annual |
|
| amortized installments |
50,000.00
|
These loans shall be released by the Insular Treasurer and the repayments and interests thereon shall be treated in the same manner as prescribed in section two of this Act.
SECTION 4. This Act shall take effect on its approval.
Approved, December 7, 1927.
Cite This Law
Grant of Loans to Provinces and Municipalities, Act No. 3420, Dec 7, 1927 (Philippines)
Grant of Loans to Provinces and Municipalities, Act No. 3420 (Phil. 1927)
Related Laws
- Authority to Grant LoansAct No. 4169 • Dec 3, 1934 • Statutes
- Special Fund for Loans to Provinces, Municipalities, and Chartered CitiesAct No. 3335 • Dec 7, 1926 • Statutes
- Authorizing Cities, Municipalities and Provinces to Purchase and/or Expropriate Home Sites and Landed EstatesRepublic Act No. 498 • Jun 12, 1950 • Statutes
- An Act to Amend Act Numbered Twenty-Seven Hundred and Eleven, Known as the Administrative Code of the Philippine Islands, Authorizing the Postal Savings Bank, under Certain Conditions, to Grant Loans to Municipalities and ProvincesAct No. 2805 • Feb 28, 1919 • Statutes
- Classification of Provinces and MunicipalitiesRepublic Act No. 130 • Jun 14, 1947 • Statutes
- Authorizing Cities and Municipalities to Contract Loans for HomesitesRepublic Act No. 267 • Jun 15, 1948 • Statutes
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