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PRESIDENTIAL DECREE NO. 1231
PRESIDENTIAL DECREE NO. 1231 -
FURTHER AMENDING Section FOUR OF PRESIDENTIAL DECREE NUMBERED ONE
HUNDRED AND FORTY-FOUR, ENTITLED "REVISING THE PRESENT SYSTEM OF
NATIONAL INTERNAL REVENUE ALLOTMENTS TO LOCAL GOVERNMENTS," AS AMENDED
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WHEREAS,
the effectivity of Presidential Decree No. 973, which amended Section 4
of Presidential Decree No. 144, as amended, is due to terminate on
December 31, 1977; chanroblesvirtualawlibrary
WHEREAS, the full implementation of the distribution scheme provided
for in Presidential Decree No. 144 would inevitably result in the
reduction of the allotment shares of the local governments which used
to benefit from the lopsided allocation scheme existing prior to the
enactment of Presidential Decree No. 144;chanroblesvirtualawlibrary
WHEREAS, in order to avoid the impairment of essential public services
in these localities and to enable them to stabilize their finances from
local revenue sources, it is necessary to extend the provisions of
Presidential Decree No. 937;chanroblesvirtualawlibrary
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Republic of
the Philippines, by virtue of the powers vested in me by the
Constitution, do hereby decree and order, as part of the law of the
land, the following provisions;chanroblesvirtualawlibrary
Section 1. For a period of three (3) calendar year
beginning January 1, 1978 up to December 31, 1980, the internal revenue
allotment shares of each province, city or municipality shall be
determined pursuant to the pertinent provisions of Presidential Decree
No. 144, as amended by Presidential Decree No. 937, and as read in
relation with the provisions of Presidential Decrees Nos. 559 and 898.
Section 2. Thereafter, or beginning January 1, 1981,
the Annual Allotment shares of the local governments shall be
determined on the basis of Sections 1, 2 and 3 of Presidential Decree
No. 144, as amended by Presidential Decree Nos. 559 and 898.
Section 3. The Secretary of Finance shall issue the
rules and regulations necessary for the proper implementation of this
Decree.
Section 4. All laws, decrees, orders, and rules and
regulations or parts thereof, which are contrary to or inconsistent
with this Decree, are hereby repealed, amended or modified accordingly.
Section 5. This Decree, except as otherwise provided
for herein, shall take effect immediately.
Done in the City of Manila,
this 14th day of November, in the year of Our Lord, nineteen hundred
and seventy-seven.
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