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THIRTEENTH CONGRESS OF THE REPUBLIC ) 
OF THE PHILIPPINES 
First Regular Session 
S E N A T E  
Introduced by Senator JINGGOY EJERCITO ESTRADA 
’. 
EXPLANATORY NOTE 
The Constitution provides that “subject to reasonable conditions prescribed by 
law, the State adopts and implements a policy of full disclosure of all its transactions 
involving public interest (State Policies Article 11, Sec. 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 publip and private sources as well as a list of all disbursements, expenditures 
and utilization of hnds 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. 
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GG Y EERCITO ESTRADA - 
Senator 


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A 5 - 3  
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THIRTEENTH CONGRESS OF THE REPUBLIC ) 
OF THE PIIILIPPINES 
) 
"On, JilN 30 81 33 
First Regular Session 
) 
S.B. No. 
Introduced by Senator JINGGOY EJERCITO ESTFUDA 
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 ALL INCOME AND REVENUE FROM BOTH PUBLIC AND 
PRIVATE SOURCES AND UTILIZATION OF FUNDS, AND POR OTHER 
PURPOSES 
Be it enacted by the Senate and the House of Repvesentatives of the Philippines in 
Conyess assen? bled: 
Section 1. Declnrntiovt of Policy. - 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 fknds received by provincial, city, municipal, and 
barangay governments. 
Section 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 or municipal hall and baangay 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 c'alendar 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) 
grants subsidies and loans from foreign sources guaranteed by the national government; 
and (e) other grants 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 or municipal mayor and punong barangay, and by a representative of the 
Coininission on Audit and shall be in such form, style and content and under such 
regulation as the Commission on Audit may prescribe. 
Section. 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 hold/be a candidate for any public office during the terms of sentence. 
Section. 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. 
Section. 6. l3ffectivity Clause. - This Act shall take effect fifteen (15) days after 
its publication in at least two (2) national newspapers of general circulation. 
Approved,