Act No. 2650.

Legal Principle/Provision: This section authorizes the Insular Treasurer to invest the immunized cattle insurance fund, which was established by Act No. 2548, in certain loans and securities.
Key Definitions Introduced:
- Immunized Cattle Insurance Fund: A fund set up specifically to insure cattle that have been immunized.
- Insular Treasurer: The government official responsible for managing the financial assets of the Insular Government.
Important Requirements/Procedures:
- The investments must be approved by the Governor-General.
- The types of loans and securities must comply with existing laws that govern the investment of deposits in the Postal Savings Bank or the insurance fund from Act No. 1728.
Relevant Timeframes or Deadlines: The act takes effect immediately upon its passage.
Penalties, Liabilities, or Consequences: No specific penalties or liabilities are outlined in this section.

• The Insular Treasurer is authorized to invest the immunized cattle insurance fund.

• Investments require the approval of the Governor-General.

• All investments must comply with existing legal frameworks.

Legal Principle/Provision: This section establishes the immediate effectivity of the Act upon its passage.
Key Definitions Introduced: None specified.
Important Requirements/Procedures: The act is effective as soon as it is passed.
Relevant Timeframes or Deadlines: Effectivity is immediate upon passage.
Penalties, Liabilities, or Consequences: No penalties or consequences are mentioned.

• The Act is effective immediately upon passage.

Act No. 2650 allows for the investment of the immunized cattle insurance fund under the supervision of the Insular Treasurer and with the approval of the Governor-General.
Investments must align with existing legal requirements related to the Postal Savings Bank and the insurance fund from Act No. 1728.
The Act was enacted on February 24, 1916, and takes effect immediately.