Republic of the Philippines
HOUSE OF REPRESENTATIVES
Quezon Cily

SEVENTEENTH CONGRESS,
First Regular Session

472

HOUSE BILL nol

Introduced by Honorable Michael L. Romero

EXPLANATORY NOTE

In 1987, ACPC became an attached agency of the DA through Executive Order
116. During the same year, if 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 and institution
building, ACPC continues to help government develop and implement
sirategies and policies thal increase and sustain the flow of credit to agriculture
and fisheries, improve the viability of farmers and fisherfolk, and support
agriculture modernization, food secutily and poverty alleviation.

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

Earnest approval of this bill is hereby requested.

H. L, ROMERO Ph.D.


Republic of the Philippines
HOUSE OF REPRESENTATIVES
Quezon City

SEVENTEENTH CONGRESS.
Firs! Regular Session

4472

HOUSE BILL NO.

Introduced by Honorable 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 FUNCTIONS, AND FOR OTHER PURPOSES

Be it enacted by the Senale 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)" fo underlake measures to
increase its funds base and adopt other liquidity interest stabilization and tisk

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 1o 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 and 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, issuances, rules
and regulations inconsistent with this Act are hereby amended, repealed or

modified accordingly.

SECTION 5, Separability Clause. If, for any reason or 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

atter its publication in any newspaper of general circulation.

Approved,