Bill Type
Congress Name
Long Title
AN ACT AMENDING SECTION TWO HUNDRED AND EIGHTY-SIX OF REPUBLIC ACT NUMBERED SEVENTY-ONE HUNDRED AND SIXTY, OTHERWISE KNOWN AS THE `LOCAL GOVERNMENT CODE OF 1991'
Date filed
August 8, 2001
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. House Bill No. 2227, 12th Congress of the Republic |
| FULL TITLE : AN ACT AMENDING SECTION TWO HUNDRED AND EIGHTY-SIX OF REPUBLIC ACT NUMBERED SEVENTY-ONE HUNDRED AND SIXTY, OTHERWISE KNOWN AS THE `LOCAL GOVERNMENT CODE OF 1991' |
| ABSTRACT : "SEC. 286. Automatic release of shares. - (a) The share of each local government unit shall be released, (without need of any further action,) AND REMITTED directly BY THE PERSONS, NATURAL OR JURIDICAL, ENGAGED IN THE UTILIZATION AND DEVELOPMENT OFTHE NATIONAL WEALTH, to the provincial, city, municipal or barangay treasurer, as the case may be, on a quarterly basis within five (5) days after the end of each quarter, and which shall not be subject to any lien or holdback that may be imposed bythe national government for whatever purpose. |
| PRINCIPAL AUTHOR/S : LOCSIN, MA. VICTORIA L. |
| DATE FILED : 2001-08-08 |
| SIGNIFICANCE: NATIONAL |
| CO-AUTHORS (Journal Entries) : |
| 1. Syjuco (023 ) |
| ADMINISTRATION BILL? No |
| URGENT BILL? No |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON LOCAL GOVERNMENT ON 2001-08-14 |
Abstract
"SEC. 286. Automatic release of shares. - (a) The share of each local government unit shall be released, (without need of any further action,) AND REMITTED directly BY THE PERSONS, NATURAL OR JURIDICAL, ENGAGED IN THE UTILIZATION AND DEVELOPMENT OFTHE NATIONAL WEALTH, to the provincial, city, municipal or barangay treasurer, as the case may be, on a quarterly basis within five (5) days after the end of each quarter, and which shall not be subject to any lien or holdback that may be imposed bythe national government for whatever purpose.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.