Appropriation of Central Bank Excess Reserves

Ask AI

Republic Act No. 266: Appropriation of Central Bank Excess Reserves

What do you want to know about the law?
Ask AI quickly gives answers based only on the current context to avoid mistakes. Always verify with the original text.

New Chat Started

Ask AI

Title Source: Supreme Court: Appropriation of Central Bank Excess Reserves

Law: Republic Act No. 266

Decision Date: Jun 15, 1948

Republic Act No. 266, enacted in 1948, grants the President of the Philippines the authority to issue bonds and use excess monetary reserves for various purposes, including covering government obligations, constructing irrigation projects, and acquiring private lands for government use.

END