Act No. 681

: The Act authorizes the loan of six thousand dollars or its local currency equivalent to the Province of Nueva Ecija for general provincial government purposes.
: The provincial board of the Province of Nueva Ecija is authorized to borrow the sum from the Insular Government.
: The loan can be borrowed from the Insular Government.
: Six thousand dollars in money of the United States or its equivalent in local currency at the authorized ratio.
: The funds are to be expended by the provincial board for the general purposes of the provincial government in accordance with the Provincial Government Act.
: The loan shall be repaid without interest in two equal annual installments within one and two years from the withdrawal date.
: No, the loan shall be repaid without interest.
: The amount is paid to the provincial treasurer upon receipt of the provincial board’s resolution and disbursed upon their order.
: Yes, six thousand dollars or equivalent local currency is appropriated out of the United States Insular Treasury funds not otherwise appropriated.
: It took effect upon its passage on March 13, 1903.