FOURTEENTH CONGRESS OF THE REPUBLIC 
) 
7 
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OF THE PHILIPPINES 
1 
First Regular Session 
1 
S E N A T E  
Senate Bill No. 500 
INTRODUCED BY SEN. JINGGOY EJERCITO ESTRADA 
EXPLANATORY NOTE 
The Constitution provides that "subject to reasonable conditions 
"prescribed by the law, the State adopts and implements a policy of full disclosure 
of all its transactions involving public interest (State Policies Article II, Section 
28). 
Under this bill, at the end of every quarter, a summary of all income and 
revenue from both public and private sources as well as an itemization of all 
disbursements, expenditures and utilization of funds and resources shall be 
posted in specified public places. 
Likewise, at the end of the calendar year, a summary of all income and 
revenue from both public and private sources as well as a list of disbursements, 
expenditures and utilization of funds and resources for the entire year shall be 
posted in specified public places and within sixty (60) days from the end of 
calendar year published in a newspaper of general circulation once a week for at 
least two (2) consecutive weeks. 
Furthermore, the Provincial Governor, City Mayor, Municipal Mayor and 
Punong Barangay are charged with the responsibility to cause the above-cited 
posting and publication. 
The penalty for failure to post and publish as required in addition to fine 
and/or imprisonment would subject the official to temporary disqualification to 
hold/be a candidate for any public office during the term of sentence. 
To enhance accountability and transparency in public office, the passage 
of this bill is earnestly urged. 
+Q 
GGO EJERCITO ESTRAD 
\___) Senator 
L 


FOURTEENTH CONGRESS OF THE REPUBLIC 
) 
OF THE PHILIPPINES 
First Regular Session 
S E N A T E  
Senate Bill No. 5 Q Q 
INTRODUCED BY SEN. JINGGOY EJERCITO ESTRADA 
AN ACT 
REQUIRING PROVINCIAL GOVERNORS, CITY AND MUNICIPAL MAYORS 
AND PUNONG BARANGAY TO POST AND PUBLISH WITHIN THE 
TERRITORIAL JURISDICTION OF THEIR LOCAL GOVERNMENT UNITS A 
SUMMARY OF INCOME AND REVENUE FROM BOTH PUBLIC AND 
PRIVATE SOURCES AND UTILIZATION OF FUNDS, AND FOR OTHER 
PURPOSES 
Be it enacted by the Senate and House of Representatives of the Philippines in 
Congress assembled: 
SECTION 1. Declaration of Poky. For accountability and transparency, it 
is hereby declared the policy of the State to provide access to information 
concerning the receipt and use of public and private funds received by provincial, 
city, municipal and barangay governments. 
SEC 2. 
Publication and Posting. 
All provincial governors, city and 
municipal mayors and punong barangay are required to post in the provincial 
capitol building, the city and municipal and barangay hall, and in at least three (3) 
other accessible and conspicuous public places for at least two (2) consecutive 
weeks and publish within sixty (60) days from the end of each calendar year in a 
newspaper of general circulation within the territorial jurisdiction of the local 
government once a week and revenue from both public and private sources, 
including (a) loans, credit and other forms of indebtedness secured by the local 
government units; (b) proceeds from the issuance of bonds and other long-term 
securities; (c) loans, grants and subsidies from other local government; (d) grant 
subsidies and loans from foreign sources guaranteed by the national government 
and (e) other grant subsidies and loans from private foreign and domestic 
sources received by the province, city, municipality or barangay and the 
corresponding disbursement, expenditures and utilization of the funds during the 
preceding calendar year; Provided, That within thirty (30) days from the end of 
each quarter, the summary of income and revenue as well as the list of 
disbursements, expenditures and utilization of funds for the preceding quarter 
shall be posted in the provincial capitol building, the city and municipal hall and 
the barangay hall: Provided, further, That in the case of provinces where there 
are no local newspaper of general circulation, the summary shall be published in 
a newspaper of national circulation and posted in the provincial capitol building 
and in each city or municipal hall within the province. 


In the case of barangays, the summary shall be posted in the barangay 
hall and in at least three (3) conspicuous public places for at least two (2) 
consecutive weeks. 
SECTION 3. Form. The summary of income and expenditures referred to 
in the preceding section shall be prepared and signed by the local treasurer, 
attested to by the governor, city and municipal mayor and punong barangay and 
by a representative of the Commission on Audit and shall be in such form, style 
and content and under such regulation as the Commission on Audit may 
prescribe. 
SEC 4. Penalties. Noncompliance with the provisions of this Act shall 
subject the offender to a fine of at least Thirty Thousand Pesos (P30,OOO.OO) but 
not exceeding Fifty Thousand Pesos (P50,OOO.OO) or an imprisonment of at least 
three (3) months but not exceeding six (6) months or both such fine and 
imprisonment, at the discretion of the court. Furthermore, said offender shall be 
subject to temporary disqualification to holdlbe a candidate for any public office 
during the terms of sentence. 
SEC. 5. Repealing Clause. Section 352 of Republic Act No. 7160, 
otherwise known as the Local Government Code of 1991, is hereby repealed. All 
other laws, decrees, executive orders, rules and regulations or parts thereof 
which are inconsistent with this Act are likewise hereby repealed or modified 
accordingly. 
SEC 6. Effectivity Clause. This Act shall take effect fifteen (15) days after 
its publication in at least two (2) national newspapers of general circulation. 
Approved,