HB 8620: An Act Granting the Condonation of the Unpaid Interests, Penalties, and Surcharges on the Overdue Obligations of the Lanao Del Sur Electric Cooperative, Inc. to the Power Sector Assets and Liabilities Management Corporation

In plain language

The bill forgives all interest, surcharge and penalty charges that LASURECO owes to PSALM since 2009, and applies the P95.96 million already paid toward its principal debt.

Public Works and InfrastructureEnergy

Automated summary by BatasWatch. It may miss nuance — read the bill text before citing it.

Official sources

Similar in what they’d do, filed by any lawmaker.

HB 6099· Filed Nov 18, 2025
An Act Providing for the Condonation of Unpaid Interests, Penalties, Surcharges, and Unremitted Universal Charges on the Overdue Obligations of the Lanao Del Sur Electric Cooperative, Inc. to the Power Sector Assets and Liabilities Management Corporation
Substituted by HB08620Rep. Ziaur-Rahman "Zia" Alonto Adiong
HB 7479· Filed Jan 29, 2026
An Act Providing for the Condonation of Unpaid Interests, Penalties, and Surcharges on the Overdue Obligations of the Lanao Del Sur Electric Cooperative, Inc. and the Maguindanao Electric Cooperative, Inc. to the Power Sector Assets and Liabilities Management Corporation
Measure recommitted on 2026-02-11Rep. Sergio C. Dagooc +25
HB 8619· Filed Mar 17, 2026
An Act Granting the Condonation of the Unpaid Interests, Penalties, and Surcharges on the Overdue Obligations of the Maguindanao Electric Cooperative, Inc. to the Power Sector Assets and Liabilities Management Corporation
Approved by the House on 2026-05-20, transmitted to the Senate on 2026-05-25 and received by the Senate on 2026-05-25Rep. Sergio C. Dagooc +25

HB 8620

An Act Granting the Condonation of the Unpaid Interests, Penalties, and Surcharges on the Overdue Obligations of the Lanao Del Sur Electric Cooperative, Inc. to the Power Sector Assets and Liabilities Management Corporation

Authors · 27 Representatives

In plain language

Authors · 27 Representatives

Official sources

An Act Granting the Condonation of the Unpaid Interests, Penalties, and Surcharges on the Overdue Obligations of the Lanao Del Sur Electric Cooperative, Inc. to the Power Sector Assets and Liabilities Management Corporation

Authors · 27 Representatives

In plain language

Authors · 27 Representatives

Official sources

Related bills · 20th Congress

Related bills · 20th Congress