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Republic of the Philippines RECEIVED. a
HOUSE OF REPRESENTATIVES es
Quezon City fs
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18TH CONGRESS o>

First Regular Session

HOUSE BILL no1011

Introduced by Representative Michael L. Romero

EXPLANATORY NOTE

In 1987, the Agricultural Credit Policy Council (ACPC) became an attached
agency of the DA through Executive Order 116. During the same year, it was
mandated to administer the Comprehensive Agriculture Loan Fund (CALF)
through DA Administrative Order No. 5.

Today, with its ongoing involvement in policy/action research ard institution
building, ACPC continues to help government develop and implement strategies
and policies that increase and sustain the flow of credit to agriculture and
fisheries, improve the viability of farmers and fisher folk, and support agriculture
modernization, food security and poverty alleviation.

This House Bill seeks to review and evaluate the economic soundness of all on-
going and proposed agricultural credit programs, whether for domestic or foreign
funding, prior to approval.

Earnest approval of fffis bill is hereby requested.

L. ROMERO Ph.D.


Republic of the Philippines
HOUSE OF REPRESENTATIVES
Quezon City

18TH CONGRESS
First Regular Session

HOUSE BILL No, 1011

Introduced by Representative Michael L. Romero

AN ACT
MANDATING THE LAND BANK OF THE PHILIPPINES (LBP) TO
PROVIDE ADDITIONAL FUNDING FOR THE “Agricultural Credit
Policy Council (ACPC)’ TO ASSIST THE DEPARTMENT OF
AGRICULTURE (DA) IN SYNCHRONIZING ALL CREDIT POLICIES
AND PROGRAMS, DEFINING ITS POWERS AND FUNCTIONS, AND
FOR OTHER PURPOSES

Be it enacted by the Senate and House of

Representatives in Congress
Assembled:

SECTION 1. DECLARATION OF POLICY - The Land Bank of the

Philippines (LBP) shall hereby provide an additional Five hundred million pesos

* (P500,000,000.00) for the “Agricultural Credit Policy Council (ACPC)” to

undertake measures to increase its funds base and adopt other liquidity interest
stabilization and risk cover mechanisms for its various financing programs.

SECTION 2. POWERS AND FUNCTIONS OF THE ACPC - In 1992, the

role of ACPC was expanded by RA 7607, the Magna Carta of Small Farmers,
assigning the following functions to ACPC:


* To conduct institutional capacity building programs;
* To develop special projects to promote innovative financing schemes for
small farmers; and

* Advocacy of rural and agricultural finance policies an 4 programs.

SECTION 3. APPROPRIATION - The amount intended for the
implementation of this Act shall be charged under the existing funding of the
Department of Agriculture.

Thereafter such amounts necessary for the successive and continuous
implementation of this Act, including the operations maintenance of reserves

shall be automatically appropriated in the General Appropriations Act.

SECTION 4, REPEALING CLAUSE. All laws, executive orders, issucnces,
rules and regulations inconsistent with this Act are hereby amended, repealed
or modified accordingly.

SECTION 5. SEPARABILITY CLAUSE. If, for any reason cr reasons, any
portion or provision of this Act shall be held unconstitutional or invalid, the
remaining provisions not affected thereby shall continue to be in full force and
effect.

SECTION 6. EFFECTIVITY CLAUSE. This Act shall take effect fifteen (15)
days after its publication in any newspaper of general circulation.

Approved,