REPUBLIC ACT No. 216, June 01, 1948
[ REPUBLIC ACT No. 216, June 01, 1948 ]
AN ACT TO AUTHORIZE THE EXPENDITURE OF THE PROCEEDS OF A LOAN NOW BEING APPLIED FOR BY THE GOVERNMENT FOR THE CONSTRUCTION OF CERTAIN HYDRO-ELECTRIC POWER PROJECTS AND THE ERECTION OF A FERTILIZER PLANT.
WHEREAS, for the purpose of giving impetus to industrial development and to aid agriculture, the Government has decided to develop certain hydro-electric power projects and erect a fertilizer plant;
WHEREAS, under Republic Act Numbered Sixteen, approved September eighteen, nineteen hundred and forty-six, the President has been authorized to obtain loans for rehabilitation and economic development purposes;
WHEREAS, it is necessary for the consideration by the Export-Import Bank of the United States or the International Bank for Reconstruction and Development or other credit institutions from which the said loan may be applied for to raise the funds needed to finance the projects above-mentioned that the Congress by law specifically appropriate the proceeds of said loan for the specific purposes for which the funds are intended: Now, therefore
Be it enacted by the Senate and House of Representatives of the Philippines in Congress assembled:
SECTION 1. That the proceeds of the loan of one hundred seventy-six million pesos being applied for from the credit institutions herein-above named is hereby appropriated, if and when the same shall have been granted, for the following projects:
1. The construction of complete hydro-electric power plants, including preliminary investigations, preparation of technical plans and specifications, acquisition of equipment, materials, supplies and services necessary therefor, building of dams, reservoir, transmission system and other accessory installations at-
(a)
Ambuklao
P48,000,000.00
(b)
Itogon
70,000,000.00
(c)
Maria Cristina
23,400,000.00
2. The diversion of the Lumot River and increasing the height of the dam of the Caliraya reservoir
6,000,000.00
3. The erection and construction of a fertilizer plant
28,600,000.00
Total
P176,000,000.00
SEC. 2. This Act shall take effect upon its approval.
Approved, June 1, 1948.
More in Republic Acts
- REPUBLIC ACT NO. 4159 - AN ACT EXTENDING FURTHER UNDER CERTAIN CONDITIONS THE TERM OF THE FRANCHISE GRANTED IN PURSUANCE OF THE AUTHORITY UNDER ACTS NUMBERED FOUR HUNDRED EIGHTY-FOUR AND ONE THOUSAND ONE HUNDRED TWELVE BY THE MUNICIPAL BOARD OF THE CITY OF MANILA TO CHARLES M. SWIFT AND LATER ASSUMED AND TAKEN OVER BY THE MANILA ELECTRIC COMPANY, AS CONTAINED IN ORDINANCE NUMBERED FORTY-FOUR, PARTS TWO AND THREE, AS AMENDED OF THE SAID MUNICIPAL BOARD OF THE CITY OF MANILA, TO CONSTRUCT, MAINTAIN, AND OPERATE AN ELECTRIC LIGHT, HEAT AND POWER SYSTEM FOR THE PURPOSE OF GENERATING AND DISTRIBUTI(REPUBLIC ACT No. 4159)
- REPUBLIC ACT NO. 5879 - AN ACT PROVIDING FOR THE ESTABLISHMENT OF A TELECOMMUNICATIONS OFFICE IN CERTAIN MUNICIPALITIES IN THE PROVINCE OF DAVAO DEL NORTE, AND AUTHORIZING THE APPROPRIATION OF FUNDS THEREFOR.(REPUBLIC ACT No. 5879)
- REPUBLIC ACT NO. 9675, July 17, 2009(REPUBLIC ACT No. 9675)
- REPUBLIC ACT NO. 4612 - AN ACT GRANTING THE FRANCISCAN BROADCASTING CORPORATION A FRANCHISE TO CONSTRUCT, MAINTAIN AND OPERATE A RADIO BROADCASTING STATION IN THE PROVINCE OF NEGROS ORIENTAL FOR EDUCATIONAL, RELIGIOUS, CULTURAL AND COMMERCIAL PURPOSES.(REPUBLIC ACT No. 4612)
- REPUBLIC ACT NO. 8978, November 09, 2000(REPUBLIC ACT No. 8978)
- REPUBLIC ACT NO. 6415 - AN ACT CREATING CERTAIN POSITIONS IN THE SUB-PROVINCE OF BILIRAN, PROVINCE OF LEYTE, AMENDING FOR THE PURPOSE REPUBLIC ACT NUMBERED TWENTY-ONE HUNDRED FORTY-ONE, AS AMENDED(REPUBLIC ACT No. 6415)
- REPUBLIC ACT NO. 2345 - AN ACT GRANTING TO GONZALO PUYAT AND SONS, INC., A TEMPORARY PERMIT TO CONSTRUCT, ESTABLISH, MAINTAIN AND OPERATE PRIVATE FIXED POINT-TO-POINT RADIO STATIONS, WITH CORRESPONDING RELAY AND LAND AND SEA MOBILE STATIONS, FOR THE RECEPTION AND TRANSMISSION OF RADIO COMMUNICATION WITHIN THE PHILIPPINES.(REPUBLIC ACT No. 2345)
- REPUBLIC ACT NO. 11069, September 14, 2018(REPUBLIC ACT No. 11069)
Want an analysis of this document?
Ask ASG Legal AI to summarize it, compare it with other rulings, or explain how it applies to your situation — it researches from this same library.