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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


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.
chan robles virtual law library
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.



 


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