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Republic Act
Approved August 9, 1946

Republic Act No. 8

An act appropriating funds for the operation of the government of the republic of the philippines from january one to december thirty one, two thousand and fifteen, and for other purposes

An Act Appropriating Funds for the Operation of the Government of the Republic of the Philippines from January One to December Thirty One, Two Thousand and Fifteen, and for Other Purposes

In plain language

Republic Act No. 8 appropriates funds for the operation of the Philippine government and authorizes the President to enter into contracts with the United States for the transfer of property under the Philippine Property Act of 1946, designate a government office to manage the acquired properties, and create a revolving fund to carry out the Act's purposes.

  • President authorized to contract with U.S. for property transfer under 1946 Act
  • President authorized to designate a government office to administer acquired properties
  • Five hundred thousand pesos appropriated for a revolving fund
  • Act takes effect upon approval
appropriation
property transfer
government funds
1946
Republic Act

REPUBLIC ACT No. 8

An Act Appropriating Funds for the Operation of the Government of the Republic of the Philippines from January One to December Thirty One, Two Thousand and Fifteen, and for Other Purposes

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

Section 1

The provisions of any existing law to the contrary notwithstanding, the President of the Philippines is hereby authorized to enter into such contracts or undertakings with the Government of the United States or its authorized representative or representatives for the purpose of effecting the transfer to the Republic of the Philippines under the Philippine Property Act of 1946 (Act of Congress of July 3, 1946) of any property, real or personal, or property rights or the proceeds thereof authorized to be so transferred under said Act, upon such terms and conditions as may be agreed upon between the President of the Republic of the Philippines and the Government of the United States or its authorized representatives.

Section 2

The President of the Philippines is hereby authorized to designate an existing office, agency or instrumentality of the Government, to take over and administer the properties acquired under the provisions of this Act and the disposition of these properties shall be made in accordance with the existing laws.

Section 3

The sum of five hundred thousand pesos is hereby appropriated out of any funds in the Treasury of the Philippines not otherwise appropriated for the creation of a revolving fund to carry out into effect the purposes of this Act.

Section 4

This Act shall take effect upon its approval.

Approved: August 9, 1946

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.