Congress of the Philippines Seventeenth Congress Third Regular Session }

S E N A T E

S. No. 2063

(In Substitution of Senate Bill Nos. 305, 1341 and 1934)

Prepared by the Committees on Cooperatives; Civil Service, Government Reorganization ’ and Professional Regulation; F inance; and Ways and Means with Senators Zubiri, Aquino IV, Angara, Gordon, Ejercito, Pacquiao, Honasan ll and Gatchalian as authors thereof

AN ACT STRENGTHENING AND REORGANIZING THE COOPERATIVE DEVELOPMENT AUTHORITY, REPEALING FOR THE PURPOSE REPUBLIC ACT NO. 6939, CREATING THE COOPERATIVE DEVELOPMENT AUTHORITY

Be it enacted by the Senate and House of Representatives of the Philippines in Congress assembled:

1 Section l. Short Title. — This Act shall be known as

2 the “Cooperative Development Authority Charter of 2018”.

3 Sec. 2. Declaration of Policy. - It is hereby declared

4 the policy of the State to promote the viability and growth

5 of cooperatives as instruments of equity, social justice and

6 economic development and to create an agency, in