An Act Further Amending Section One of Republic Act Numbered Two Thousand Fifty-Two, as Amended
Year:
1966
Category:
Other
Date Approved:
August 8, 1966
Summary
Plain-language AI-assisted summary — not the official text. As of July 1, 2026. Read the full text below or on the official source.
This Act further amends Section One of Republic Act Numbered Two Thousand Fifty-Two, allowing the President of the Philippines to negotiate for increases in the subscription to the capital stock of the International Bank for Reconstruction and Development and its quota in the International Monetary Fund. The subscription and quota shall not exceed one hundred seventy-five million United States dollars.Full Text
REPUBLIC ACT No. 4862
An Act Further Amending Section One of Republic Act Numbered Two Thousand Fifty-Two, as Amended
Be it enacted by the Senate and House of Representatives of the Philippine Congress Assembled:
Section 1. Section one of Republic Act Numbered Two thousand fifty-two, as amended by Republic Act Numbered Two thousand six hundred eighty-six, is further amended as follows:
Section 2. This Act shall take effect upon its approval.
Approved: August 8, 1966.
"Sec. 1. The President of the Philippines is hereby authorized to negotiate for increases in the subscription of the Republic of the Philippines to the capital stock of the International Bank for Reconstruction and Development and to its quota in the International Monetary Fund: Provided, However, That such subscription shall not exceed one hundred seventy-five million United States dollars and such quota shall not exceed the same amount."
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Republic Acts are laws passed by the Congress of the Philippines. This content is sourced from LawPhil (lawphil.net) for reference purposes. For official and authoritative texts, please refer to the Official Gazette.