Republic Act No. 3315, enacted on June 18, 1961, reappropriates unexpended funds from a prior act (Republic Act No. 1613) for infrastructure projects in Ormoc City. It specifically amends project details for the Ormoc-Albuera Road and the Ormoc-Kananga Road, outlining their lengths and funding allocations. The act establishes a yearly amortization plan over ten years at a 4% interest rate. This law took effect upon its approval and was published in the Official Gazette on April 23, 1962.
June 18, 1961
REPUBLIC ACT NO. 3315
AN ACT REAPPROPRIATING CERTAIN UNEXPENDED BALANCE APPROPRIATED IN REPUBLIC ACT NUMBERED SIXTEEN HUNDRED THIRTEEN
SECTION 1. Project Numbered Bp-272.6 for Ormoc City, page 208-A, Title B-Highways, Appendix 4 of Republic Act Numbered hundred thirteen, is hereby amended to read as follows:
| Ormoc-Albuera Road (N), Ormoc City | |||
| Asphalt paving | (90.0) | (90.00) | |
| Km. 110.00 Km. 118.00-8 kms. | :SOB: - : | ||
| Yearly amortization 10 years, 4% | :*917: - : | (275.00) : | (55.11) : : : : |
| KM. 122-125-3 KMS | :SOB: - : | (50.00) : | (50.00) : : : : |
SECTION 2. Project Numbered Bp-272.10 for Ormoc City, page 208-A, Title B-Highways, Appendix A of Republic Act Numbered Sixteen hundred thirteen, is hereby amended to read as follows:
| Ormoc-Kananga Road | |
| Km. 106.08 Km. 106.29 = 20 Kms. | :917 : 4.00:( 4.00) : ( 4.00) : : : : : |
| Km 97.00 to Km. 104:00 = 7 Kms. | :SOB : :(100.00):(100.00) : : : : : |
SECTION 3. This Act shall take effect upon its approval.
Enacted without Executive approval, June 18, 1961. aisa dc
Published in the Official Gazette, Vol. 58, No. 17, p. 3525 on April 23, 1962