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PRESIDENTIAL DECREE NO. 937
PRESIDENTIAL DECREE NO. 937 -
AMENDING Section 4 OF PRESIDENTIAL DECREE NO. 144, ENTITLED "REVISING
THE PRESENT SYSTEM OF NATIONAL INTERNAL REVENUE ALLOTMENTS TO LOCAL
GOVERNMENTS" AS AMENDED BY PRESIDENTIAL DECREE NO. 559 AND Section 22,
PARAGRAPH (C), OF PRESIDENTIAL DECREE NO. 898
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WHEREAS,
the local government depend largely upon the internal revenue
allotments they receive annually under the provisions of Presidential
Decree No. 144, as amended, to meet and maintain the fund requirement
of community development projects; chanroblesvirtualawlibrary
WHEREAS, some local governments may be adversely affected by the
automatic rescission, beginning July 1, 1976 of the percentage decrease
limitation provided for in Section four of the AFORESAID Decree;chanroblesvirtualawlibrary
WHEREAS, it has become necessary to institute remedial measures that
will avert the financial disallocation of said local units in order to
avoid the impairment of essential projects and public services in these
localities;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:cralaw:red
Section 1. The Allocation formula for determining
the individual shares of the local governments effective July 1, 1976
as provided for in Sections 1, 2 and 3 in relation with Section 4 of
Presidential Decree No. 144, as amended by Presidential Decree No. 559
and Section 22, paragraph (c) of Presidential Decree No. 898, is hereby
modified and, for the purpose, Section 4 of Presidential Decree No. 144
is hereby amended to read in full as follows:cralaw:red
"4. (a) For the first three fiscal years of
implementation of this Decree FY's 1974, 1975 and 1976, the annual
allotment of any local government shall not increase by more than
fifteen per centum (15%) nor decrease by more than fifty per centum
(50%) of its allotment during the fiscal year 1970-71.
"b) For the six-month period from July 1, 1976 to
December 31, 1976, the internal revenue allotment of any local
government shall not increase by more than twenty-five per centum (25%)
of, nor be less than, the allotment it actually received for the
six-month period from July 1, 1975 to December 31, 1975, as determined
pursuant to Section 1, 2, and 3 hereof.
"(c) For the new fiscal year commencing on January 1,
1977 and ending on December 31, 1977, the annual allotment of any local
government as determined pursuant to Sections 1, 2 and 3 hereof shall
not increase by more than twenty-five per centum (25%) of, nor be less
than, the annual allotment it shall actually receive for the fiscal
year from July 1, 1975 to June 30, 1976.
"(d) Thereafter, or beginning January 1, 1978, the
annual allotment shares of each local government shall be determined
solely on the basis of Section 1, 2, and 3 hereof as read in relation
with the pertinent provisions of Presidential Decree Nos. 559 and 898."
Section 2. The Secretary of Finance shall issue the
rules and regulations necessary for the Proper implementation of this
Decree.
Section 3. 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. chanroblesvirtualawlibrary
Section 4. This Decree, except as otherwise provided
for herein, shall take effect immediately.
Done in the City of Manila,
this 27th day of May, in the year of Our Lord, nineteen hundred and
seventy-six.
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