FIFTEENTH CONGRESS OF THE 
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REPUBLIC OF THE PHILIPPINES 
) 
First Regular Session 
) 
SENATE 
S.NO. 
Introduced by Senator Antonio "Sonny" F. Trillanes IV 
EXPLANATORY NOTE 
Article 2, Sections 27 and 28 of the Constitution provides: 
SEC. 27. The State shall maintain honesty and integrity in the public service 
and take positive and effective measures against graft and corruption. 
SEC. 28. Subject to reasonable conditions prescribed by law, the State 
adopts and implements a policy of full public disclosure of all its 
transactions involving public interest. 
Issues on graft and corruption such as the recent revelations of the World Bank regarding 
the corrupt practices in road projects by contractors at the Department of Public Works 
and Highways reinforces the need for the public to know how the taxes they paid are 
being spent. 
The government spends millions, if not billions, of pesos a year, yet we do not have any 
idea on what the management practices of these contractors are nor what is indicated in 
their finahcial statements, but their very existence depend on taxpayers money. 
This bill requires companies that are privately owned and receive vast majority of their 
revenues from taxpayers' money to disclose the salaries of their top officers. 
Transparency is a basic element of good governance, and our people need to know 
whether or not public funds, which mostly are sourced from their taxes, are being used to 
unjustly enrich contractors. 
In view of the foregoing, immediate passage of this bill is earnestly sought. 
A-;;t;;~:10 \SO~'tv,~ TRILLANES IV 
Senator 
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FIFTEENTH CONGRESS OF THE 
) 
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REPUBLIC OF THE PHILIPPINES 
) 
First Regular Session 
) 
SENATE 
S. NO. 183 
Introduced by Senator Antonio "Sonny" F. Trillanes IV 
AN ACT 
REQUIRING CERTAIN RECIPIENTS OF GOVERNMENT FUNDS TO DISCLOSE 
THE NAMES AND TOTAL COMPENSATION OF THEIR MOST HIGHLY 
COMPENSATED OFFICERS AND FOR OTHER PURPOSES 
Be it enacted by the Senate and the House of Representatives of the Philippines in Congress 
assembled. 
Act". 
SECTION 1. Short Title. - This Act may be cited as the "Contractor Accountability 
SEC. 2. Definition of Terms. - As used in this Act, the term-
(1) "Entity" - the term "entity" -
(A) includes-
(i) 
a corporation; 
(ii) 
an association; 
(iii) a partnership; 
(iv) a limited liability company; 
(v) 
a limited liability partnership; 
(vi) any other legal business entity; 
(vii) any other grantee or contractor that is not included in Subparagraph (2) 
or (3); and 
(viii) Local Government Units; and 
(B) does not include-
(i) 
an individual recipient of Government assistance; 
(ii) 
a Government employee; or 
(iii) a grant or contract of a nature that could be reasonably expected to cause 
damage to national security. 
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(2) 
"Government Funding" means Government financial assistance and 
expenditures that include grants, contracts, sub grants, subcontracts, loans, 
awards and other forms of financial assistance. 
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SEC. 3. Disclosure of Names of Most Highly Compensated Officers of Certain Entities 
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That Received Government Funding - Effective beginning January 1, 2011, the names and 
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total compensation of the five (5) most highly compensated officers of the entity if--
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(1) the entity in the preceding fiscal year received--
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(a) eighty percent (80%) or more of its annual gross revenues in government funding; 
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and 
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(b) five hundred million pesos (Php500,000,000.00) or more in annual gross revenues 
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from government funding; and 
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(2) the public does not have access to information about the compensation of the senior 
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executives ofthe entity; 
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shall be disclosed in the website of the entity involved and/ or the website of the government 
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agency that approved the transaction. 
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(b) Regulations Required- The Secretary of the Department of Budget and Management 
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shall promulgate regulations to implement the amendment made by this Act. Such regulations 
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shall include a definition of 'total compensation' that is consistent with regulations of the 
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Securities and Exchange Commission. 
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SEC. 4. Agency Responsibility. - The Secretary of the DBM shall provide guidance to 
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agency heads to ensure compliance with this section. 
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SEC. 5. Appropriations. - To carry out the provisions of this Act, such amount as hereby 
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necessary is hereby authorized to be appropriated to the National Treasury. 
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SEC. 6. Separability Clause. - Jf any provision of this Act is held invalid by a competent 
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court, any other provision not affected thereby shall continue to be valid and effective. 
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SEC. 7. Repealing Clause. - Any laws, presidential decrees, executive orders and letters 
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of instruction which are inconsistent with any of the provisions of this Act are hereby repealed or 
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amended accordingly. 
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SEC. 8. Effectivity Clause. This Act shall take effect fifteen days following its 
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publication in. the Official Gazette or in any two newspapers of general circulation. 
Approved; 
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