Redemption and Tax Rules on Foreclosed Assets

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BIR REVENUE MEMORANDUM CIRCULAR NO. 58-2008: Redemption & Tax Rules on Foreclosed Assets

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Title Source: Supreme Court: Establish Barotac Viejo Municipal Hospital

Law: Batas Pambansa Blg. 346

Decision Date: Mar 18, 1983

The Philippine Jurisprudence case establishes the Barotac Viejo Municipal Hospital with a ten-bed capacity, under the direct supervision of the Ministry of Health and funded according to Presidential Decree No. 1177, effective March 18, 1983.

Law Summary

Funding and Financial Provisions

Initial funding for the hospital’s operation is determined according to Section 40 of Presidential Decree No. 1177.
Initial appropriations are charged to funds authorized by Batas Pambansa Blg. 131 for new hospitals under the Ministry of Health.
Subsequent funding for operation and maintenance is to be included in the annual General Appropriations Act.
The Minister of Health is authorized to determine the operational procedures of the hospital.

Effectivity of the Act

The law takes effect immediately upon its approval on March 18, 1983.

END