Republic Act
Approved June 18, 1964

Republic Act No. 4083

An act appropriating five million pesos from the general fund as a permanent insurance fund for the philippine deposit insurance corporation

An Act Appropriating Five Million Pesos from the General Fund as a Permanent Insurance Fund for the Philippine Deposit Insurance Corporation

In plain language

An act appropriating five million pesos from the General Fund to establish a permanent insurance fund for the Philippine Deposit Insurance Corporation (PDIC) for its operational purposes.

  • Appropriates five million pesos from the General Fund
  • Creates a permanent insurance fund for PDIC
  • Funds to be used by PDIC for its purposes
  • Act takes effect upon approval
Appropriation
Insurance
Deposit Insurance
Philippine Law
Republic Act

REPUBLIC ACT No. 4083

An Act Appropriating Five Million Pesos from the General Fund as a Permanent Insurance Fund for the Philippine Deposit Insurance Corporation

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

Section 1

There is hereby appropriated from the General Fund the amount of five million pesos to constitute the permanent insurance fund created under the provisions of Section ten (a) of Republic Act Numbered Thirty-five hundred ninety-one, to be used by the Philippine Deposit Insurance Corporation to carry out the purposes of the aforesaid Act.

Section 2

This Act shall take effect upon its approval.

Approved: June 18, 1964.

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.