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Act No. 3280 Section 8

Act No. 3280 Section 8

Section 8

SEC. 8. An appropriation is hereby made out of the general funds in the Insular Treasury not otherwise appropriated, of a sufficient sum to cover the expense of the issue and sale of the Insular, provincial, and municipal bonds authorized by this Act. and for the payment of the interest on said Insular bonds and the expense of investing the sinking fund. The Insular Government shall be reimbursed by the Province of Camarines Sur and its four municipalities tor tire sums so disbursed for the formation, maintenance and investment of the sinking fund provided for in section three of this Act, within thirty days after payment Oi said expenses and sinking fund by the Insular Government. The reimbursement shall be made In proportion to the indebtedness contracted by the Province of Camarines Sur and its four municipalities. In case the provincial board of Camarines Sur and the municipal councils concerned .shall fail to make such reimbursement, the Collector oi Internal Revenue and the provincial treasurer of Camarines Sur are hereby authorized and directed to withhold from the revenues of said province and the municipalities herein mentioned that may come into their possession an amount sufficient to make said reimbursement or any other reimbursement above provided and shall deposit said sum with the Treasurer of the Philippine Islands, to the credit of the general funds of the Insular Government.

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Other provisions in Act No. 3280

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of July 4, 2026

CitationAct No. 3280 Section 8 (LawPlayer, data as of July 4, 2026)

Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).

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