Republic Act No. 2020: An act amending section one of republic act numbered one thousand, so as to increase the amount available from any bond issue for non-self-liquidating and non-revenue-producing projects, from twenty per cent to thirty per cent of such bond issue

Republic Act No. 2020

An act amending section one of republic act numbered one thousand, so as to increase the amount available from any bond issue for non-self-liquidating and non-revenue-producing projects, from twenty per cent to thirty per cent of such bond issue

An Act Amending Section One of Republic Act Numbered One Thousand, so as to Increase the Amount Available from Any Bond Issue for Non-Self-Liquidating and Non-Revenue-Producing Projects, from Twenty Per Cent to Thirty Per Cent of Such Bond Issue

In plain language

This act amends Republic Act No. 1000 to increase the portion of bond issuances allocated to non‑self‑liquidating and non‑revenue‑producing projects from 20% to 30%. It sets limits on the size of each bond issue, restrictions on the sale of bonds, and requires that a significant portion of the proceeds be used for productive projects, while maintaining tax exemptions for the bonds.

Increase allocation to non‑self‑liquidating projects from 20% to 30%

Maximum of 200 million pesos per bond issue

Requirement that 80% of preceding issue be sold before a new issue

Tax exemption for issued bonds

Limits on use of bonds for unserviced government obligations

bond issuance

public finance

RA 2008

Philippines

tax exemption

REPUBLIC ACT No. 2020

An Act Changing the Name of the Loakan Elementary School in the City of Baguio to Malvar Elementary School

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

Section 1

The name of the Loakan Elementary School in the City of Baguio is hereby changed to Malvar Elementary School.

Section 2

This Act shall take effect upon its approval.

Approved: June 22, 1957.

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.