A collection of Philippine laws, statutes and codes not included or cited in the main indices of the Chan Robles Virtual Law Library.
Republic Acts :
REPUBLIC ACT NO. 7742 - AN ACT AMENDING PRESIDENTIAL DECREE NO. 1752, AS AMENDED
Section 1. Sec. 4 of Presidential Decree No. 1752, as
amended, which was repealed by Executive Order No. 90, is hereby
reinstated, with amendments, to read as follows:
Sec. 2. Sec. 5 of Presidential Decree No. 1752,
as amended, is further amended to read as follows:
Sec. 3. Sec. 6 of Presidential Decree No. 1752,
as amended, is hereby further amended to read as follows:
Sec. 4. Section 10(c) of Presidential Decree No.
1752, as amended, is hereby amended to read as follows:
Sec. 5. Promulgation of Rules and Regulations. — Within sixty (60) days from the approval of this Act, the Board of Trustees of the Home Development Mutual Fund shall promulgate the rules and regulations necessary for the effective implementation of this Act.
Sec. 6. Sunset Provision. — Every three (3) years after the effectivity of this Act, the Congress shall conduct a "sunset review" of the Fund which shall entail a systematic evaluation of the Fund to determine whether or not the Fund's performance, impact or accomplishments with respect to its objectives or goals, the Fund merits continued existence. Such review shall be undertaken by the Committees of the Senate and the House of Representatives which have legislative jurisdiction over the Fund.
Sec. 7. Repealing Clause. — Section 10(b), (c) and (d) of Executive Order No. 90 are hereby repealed and all laws, executive orders, rules or regulations, or any part thereof, inconsistent with any provisions of this Act are hereby repealed or modified accordingly.
Sec. 8. Effectivity. — This Act shall take effect
fifteen (15) days after its complete publication in the Official
Gazette or in at least two (2) national newspapers of general
circulation, whichever comes first.
Approved: June 17, 1994