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. This page features the full text of Republic Act No. 8245 AN ACT APPROPRIATING THE SUM OF FOURTEEN BILLION FOUR HUNDRED FIFTY-FIVE MILLION PESOS (P14,455,000,000) FOR THE INCREASED SHARE IN 1997 OF LOCAL GOVERNMENT UNITS IN THE NATIONAL INTERNAL REVENUE TAXES AND FOR OTHER PURPOSES. REPUBLIC ACT NO. 8245 chan robles virtual law library Section
1. Appropriation, Allotment
and Release of Funds. — The amount of Fourteen billion four
hundred
fifty-five million pesos (14,455,000,000) is hereby appropriated for
the
increased share in 1997 of local government units in the internal
revenue
taxes pursuant to Section 284 of Republic
Act No. 7160, the Local Government Code of 1991, and shall be
apportioned
among the local government units in accordance with the formula
prescribed
in Section 285 thereof, after deducting the actual cost of devolution
and
the cost of city-funded hospitals as of December 31, 1992. Said
internal
revenue allotment shall be released directly by the Department of
Budget
and Management to the local government units concerned. chan
robles virtual law library chan robles virtual law library Sec.
2.Use of Funds. — The use of
funds herein appropriated shall be in accordance with the provisions of
the Local Government
Code
of 1991, Republic Act No. 7160.chan
robles virtual law library chan robles virtual law library Sec.
3.Effectivity. — This Act shall
take effect on January 1, 1997.chan
robles virtual law library
Approved:
December 30, 1996.
Copyright ©1998-2006 by ChanRobles Publishing Company All Rights Reserved Since 19.07.98 | |||
Law
Library
On-Line
Bar
Review
MCLE:
DebtKollect
Intellectual
Property
|
|
