The House of Representatives under the leadership of Speaker
Lord Allan Velasco today approved on third and final reading House Bill No.
10322 or the proposed “ODA Effectiveness Act” which seeks to ensure the
effective utilization of Official Development Assistance (ODA) loans and grants
and maximize the benefits that can be derived from them.
The measure amends the objectives in administering ODA
loans, lays out the duties and responsibilities of the Congressional Oversight
Committee, and mandates the creation of a Citizen’s Participation Committee for
each ODA-funded project to monitor, review and submit recommendations for the
proper implementation of the same, among others.
Likewise approved on final reading are HB No. 10442 which
seeks to renew for another 25 years the franchise granted to Air Philippines
Corporation, and four (4) bills of local significance.
