AN ACT CONTINUING THE EXISTING
CLASSIFICATIONS OF PROVINCES AND MUNICIPALITIES AND AUTHORIZING THE
PRESIDENT OF THE PHILIPPINES TO MAKE PARTIAL READJUSTMENTS THEREOF
Section 1. The
classifications of the provinces and municipalities last made by the
Secretary of the Interior are continued until revised in accordance
with this Act.
Sec. 2.
Beginning with the year nineteen hundred and fifty-one, and for each
period of five consecutive years after said date, the President of the
Philippines shall order the classification of the provinces and
municipalities in accordance with the graduated amounts established in
Sec. two thousand one hundred seventy of the Administrative Code, as
amended, Commonwealth Act Numbered Two hundred ninety-eight, and Sec.
one of Act Numbered Three thousand seven hundred ninety-eight:
Provided, That whenever advisable in the public interest, the President
of the Philippines may, before and after said date, make a partial
readjustment of the classification of a province or municipality based
on the average annual revenues of such province or municipality for any
preceding three consecutive fiscal years in accordance with the
graduated amounts.
Sec. 3. All
acts or parts of acts which are inconsistent with the provisions of
this Act are hereby repealed.
Sec. 4. This
Act shall take effect upon its approval.