Republic Act No. 1332: An act to finance peoples homesite and housing corporation projects from the bond issue under republic act numbered one thousand

In plain language

This Act authorizes the use of proceeds from a 20‑million‑peso bond issuance under RA 1000 to finance various housing projects of the Peoples Homesite and Housing Corporation (PHHC), specifies the types and funding mechanisms of those projects, sets bidding and acquisition guidelines, and exempts the financed projects from taxes.

Allocation of 20 million pesos from bond proceeds

Classification of projects as self‑liquidating or non‑self‑liquidating

Amortization period up to twice bond redemption

Public bidding requirement with administrative exception

Urban land acquisition limits

Funding assurance for destitute housing projects

Tax exemption for financed projects

Effective upon approval

Housing

Finance

Public Housing

Bond Issue

Philippines

REPUBLIC ACT No. 1332

An Act to Convert the Sitio of Diptan in the Municipality of Basco, Province of Batanes, into a Barrio to be Known as the Barrio of San Antonio De Padua of Said Municipality

Be it enacted by the Senate and House of Representatives of the Philippine Congress Assembled:

Section 1

The sitio of Diptan, in the Municipality of Basco, Province of Batanes, is hereby converted into a barrio to be known as the barrio of San Antonio de Padua of said municipality.

Section 2

This Act shall take effect upon its approval.

Approved: June 16, 1955.

For information and research only, and not legal advice. This text may not reflect later amendments. For certified copies, refer to the Official Gazette or the issuing agency.