Replblic of the, PtlilippileS 
HOUSE Of REI I&&J4TA11VES 
CUmliiCily 
FIF1EENIII CONGRESS 
Third Reg!4ar 5 E Ql 
6499 
HOUSE Ell..1. NO. _
_ 
EXPLANATORY NOTE 
This m 
we CUIIfettt;:' • ; what shal be kncMn as the 'Local Gowutwae.lt 0Psd9SIIre 
Ad which WO!*l in effect, alollr public au: 
ID-ba'" • li!IM&s involving the local ga;;uawaell 
unit and the go;aaus, city maps, IIU1icipal maps, treasurus, accoolllanls, bla:tget ollicefs 
and oCher fund 'K"'XN .... olliocm involwKi in the uCj!jzaljoo of pubic funds inasmuch as the 
pittc:ipE of public 'K"'XNIIabilily shal take 19 3 pe edence in a wide range of govwwaeltal 
and deuel opreltal aft'an at the local level 
Tietluie, it is nat as l the pwu· · •JS of Section 352 of Republic Ad No. 7160 also 
klknrv_..,, as the Local Gouwwnull Code of 1991 l1ale been -..gh. In oCher WOlds, undel' this 
pO<.J e li "'" 
we, oCher ilems of expeo•il•rres and distusunenls WDI*I now neal to be 
p 
0 1 in various eiL:diue ways such as IU l1llt Iitle Ito et ? s, 1 e 
J~es, or oCher 
ptiidy ace E 1*- or CU1l$1M •nJS places to deiiiOiiSbA the !JihUitilf!fll'S fP5' 've to make 
"pubbic ollice a public trust" and to do justice 1D the p iltc:ipE of "pubbic axouutabilily in the 
ataiuisbatiun of public funds". 
A whole range of fiscalarralleis or ilems of ewpendib.wes have now to be p t • to serve 
pubic natice a- timely and plllliiA "isdosn•e will elfei:WeiJ plug pc1 s Ue holes of gr.alt and 
COfRIIIIion in the locallueauaatic level More inapcwtaltty, public trust is the basic ilyulull in 
the·QO'JUIWilf!l'lfSIIIUJU of balSjliliiUICJ, iiCXV!Mitatilily, and good gD11811~111e::-----.. 
This bil aims1D inlnxfuce a- buleaul:mlil: culuie that lllilil J~~i: 
every budt, as if it were. 1he ilawref 
0 
even l.l'gf!llt 1 
:e n1 
ear e u, sought and~ ror. heace this ~Mmn -
·mL 
In whole, al sa *•s of soc:iety are st #esho61els. 


Republic of the Philippines 
HOUSE OF REPRESENTATIVES 
Quezon City 
FIFTEENTH CONGRESS 
Third Regular Session 
HOUSE BILL NO. G 4 g ~ 
Introduced by Rep. Winston "Winnie" Castelo 
AN ACT 
MANDATING FULL PUBUC DISCLOSURE BY GOVERNORS, CITY MAYORS, MUNICIPAL 
MAYORS, TREASURERS, ACCOUNTANTS, BUDGET OFFICERS AND OTHER FUND 
ACCOUNTABLE OFFICERS OF THE LOCAL BUDGET AND FINANCES OF THE LOCAL 
GOVERNMENT UNIT AMENDING THEREBY SECTION 352 OF THE LOCAL GOVERNMENT 
CODE OF 1991 
SECTION 1. This Act shall be known as the ·Local Government Transactions Disclosure 
Act of 2012·. 
SEC. 2. In addition to the provisions of Section 352 of Republic Act No. 7160 otherwise 
known as the Local Government Code of 1991", the following fiscal items shall be made 
mandatory for full disclosure and posting, as follows: 
1. 
Annual Budget 
2. Quarterly Statement of Cash Flows 
3. Statement of Receipts and Expenditures 
4. Trust Fund (POAF) Utilization 
5. Special Education Fund Utilization 
6. 20% Component of the IRA Utilization 
7. Gender and Development Fund Utilization 
8. Statement of Debt Service 
9. Annual Procurement Plan or ProC\Jrernent list 
10. Items to Bid 
11. Bid Results on Civil Works, Goods and .Services 
12. Abstract of Bids Calculated 
• 


SEC. 3. 
Said fiscal items in accordance with the forms, procedures, and 
schedules prescribed by the Department of Budget and Management as well as those 
that may be jointly issued with the Commission on Audit and other cognizant agencies 
shall fully disclose and post the same in three (3) publicly accessible and conspicuous 
places aside from posting them in website or publication in newspapers. 
SEC. 4. The Department of Budget and Management in collaboration with the 
Commission on Audit shall issue rules, regulations, promulgations and guidelines for the 
effective implementation of the provisions of this Act 
SEC. 5. This Act shall take effect upon thirty (30) days upon its publication in the 
Official Gazette: 
Approved,