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PRESIDENTIAL DECREE NO. 558
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PRESIDENTIAL DECREE NO. 558 -
AMENDING Section 3 OF PRESIDENTIAL DECREE NO. 436 BY ALLOCATING A SHARE
IN HIGHWAY SPECIAL FUND TO THE BARANGAYS
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chanroblesvirtualawlibrary
I,
FERDINAND E. MARCOS, President of the Philippines, by virtue of the
powers in me vested by the Constitution, do hereby decree and order:cralaw:red
Section 1. Section 3 of Presidential Decree No. 436,
is hereby amended to read as follows: chanroblesvirtualawlibrary
"Sec. 3. The shares of provinces, cities and
municipalities shall be allotted on the basis of the collection in
specific taxes during the second fiscal year immediately preceding the
current fiscal year in the following proportions:cralaw:red
20% of total shares to provinces
30% of total shares to municipalities
50% of total shares to chartered cities
Provided, That before the above apportionment is made, one-fourth of
the total accruals under this Section shall be set aside and
apportioned annually by the President among Barangays for the
construction, improvement and maintenance of roads and bridges within
their respective territorial jurisdictions in accordance with the
national infrastructure program."
Section 2. All laws or part of laws inconsistent with
this Decree are hereby repealed, amended or modified accordingly. chanroblesvirtualawlibrary
Section 3. This Decree shall take effect upon
approval.
DONE in the City of Manila,
this 21st day of September, in the year of Our Lord, nineteen hundred
and seventy-four.
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