.
Sponsored
by: The
ChanRobles Group
A
collection of Philippine laws, statutes and codes
not
included or cited in the main
indices
of
the Chan Robles Virtual Law Library.
Search
for www.chanrobles.com
|
|
|
|
|
ADMINISTRATIVE ORDER NO. 43 -
AMENDING ADMINISTRATIVE ORDER NO. 372 DATED 27 DECEMBER 1997 ENTITLED
"ADOPTION OF ECONOMY MEASURES FOR FY 1998"
|
| WHEREAS, Administrative Order No. 372 dated
27 December 1997 entitled "Adoption of Economy Measures for FY 1998"
was issued to address the economic difficulties brought about by the
peso devaluation in 1997; WHEREAS, Section 4 of Administrative Order No. 372 provided that the amount equivalent to 10% of the internal revenue allotment to local government units shall be withheld; and WHEREAS, there is need to release additional funds to local government units for vital projects and expenditures. NOW, THEREFORE, I, JOSEPH EJERCITO ESTRADA, President of the Republic of the Philippines, by virtue of the powers vested in me by law, do hereby order the reduction of the withheld Internal Revenue Allotment (IRA) of local government units from ten percent to five percent. The five percent reduction in the IRA withheld for 1998 shall be released before 25 December 1998. DONE in the City of Manila, this 10th day of December, in the year of our Lord, nineteen hundred and ninety eight. |
chanroblesvirtuallawlibrary
|
|
|
|
|
Harvard Computer Systems, Inc. |
Since 19.07.98.
Search
for www.chanrobles.com
.