Title
Act No. 312
Date
Dec 4, 1901
Act No. 312 changes the currency in which one hundred and fifty thousand dollars of funds appropriated for the Insular Purchasing Agent will be payable, from insular currency to the currency of the United States, regardless of any contrary provisions in Act Numbered Two hundred and sixty-four.
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Law Summary

SECTION 1: Appropriation of Funds

  • Legal Principle/Provision: This section authorizes the payment of a sum of $150,000 appropriated for the Insular Purchasing Agent in U.S. currency rather than the local insular currency.
  • Key Definitions Introduced:
    • Insular Purchasing Agent: A designated official responsible for purchasing supplies for government needs.
    • U.S. Currency: Refers specifically to the legal tender issued by the United States.
  • Important Requirements or Procedures Outlined:
    • The funds are specifically allocated for the purchase of supplies, including coal and lumber, during the third quarter of the year 1901.
    • This payment is made irrespective of any contrary provisions found in Act Numbered Two hundred and sixty-four.
  • Relevant Timeframes: The funds are specifically for purchases made in the third quarter of 1901.
  • Penalties/Liabilities: None mentioned in this section.

• Authorizes $150,000 for the Insular Purchasing Agent.
• Payment will be in U.S. currency.
• Applies to purchases made in the third quarter of 1901.
• Overrides previous provisions in Act No. 264.

SECTION 2: Expedited Passage

  • Legal Principle/Provision: This section stipulates that the bill's passage is expedited due to the public good, in accordance with procedural laws.
  • Important Requirements or Procedures Outlined:
    • The act is expedited as per section two of the prior law passed on September 26, 1900, which outlines legislative procedures.

• The Act is passed quickly for the public good.
• Follows expedited procedures from a previous law (passed September 26, 1900).

SECTION 3: Effectivity

  • Legal Principle/Provision: This section states that the Act will take effect immediately upon its passage.
  • Relevant Timeframes: The law is effective as soon as it is enacted.

• The Act takes effect immediately upon passage.

Key Takeaways

  • Act No. 312 authorizes the payment of $150,000 in U.S. currency for supplies purchased by the Insular Purchasing Agent.
  • The Act overrides previous provisions from Act No. 264 regarding currency used for payment.
  • The passage of the Act is expedited to ensure timely availability of funds for public good.
  • The Act takes effect immediately upon enactment, ensuring prompt execution of the appropriated funds.

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