An Act Appropriating One Hundred Forty Million Pesos in Payment for the Subscription of the Philippine Government to the Capital Stock of the Asian Development Bank
Year:
1966
Category:
Other
Date Approved:
June 9, 1966
Summary
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This Act appropriates one hundred forty million pesos from the National Treasury for the subscription of the Philippine Government to the capital stock of the Asian Development Bank. It ensures that the funds are used exclusively for this purpose in accordance with the established agreement.Full Text
REPUBLIC ACT No. 4648
An Act Appropriating One Hundred Forty Million Pesos in Payment for the Subscription of the Philippine Government to the Capital Stock of the Asian Development Bank
Be it enacted by the Senate and House of Representatives of the Philippine Congress Assembled:
Section 1. There is hereby appropriated, out of any funds in the National Treasury not otherwise appropriated, one hundred forty million pesos to be used exclusively in payment for the subscription of the Republic of the Philippines to the capital stock of the Asian Development Bank in accordance with the provisions of the agreement establishing the Asian Development Bank.
Section 2. This Act shall take effect upon its approval.
Approved: June 9, 1966.
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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.