Loan to Province of Nueva Ecija Authorized

Section 1 authorizes the Treasurer of the Philippine Archipelago to loan funds to the Province of Nueva Ecija.
The loan must be taken out of any funds in the Insular Treasury not otherwise appropriated.
Section 1 fixes the loan principal at seven thousand and fifty dollars, payable in local currency.
The loan must be made in accordance with a resolution adopted by the provincial board of Nueva Ecija on June 9, 1902, requesting the loan.

Section 1 requires the loaned money to be returned to the Insular Treasury on or before December 31, 1902.
Section 1 permits the loan proceeds to be used by the provincial board of Nueva Ecija for provincial purposes under the governing statute on provincial governments.

Section 1 authorizes the Province of Nueva Ecija to use the loan proceeds for the general purposes of the provincial government.
Section 1 requires that the provincial government use the funds in accordance with the provisions of the Provincial Government Act.

Section 2 declares that the public good requiring the speedy enactment of the bill exists.
Section 2 expedites passage by invoking section two of “An Act prescribing the order of procedure by the Commission in the enactment of laws,” passed September 26, 1900.