REPUBLIC OF THE PHILIPPINES
HOUSE OF REPRESENTATIVES
QUEZON CITY

FIFTEENTH CONGRESS
First Regular Session

House pitino, 919

by Representative Ronald M. Cosalan

EXPLANATORY NOTE

This bill seeks to amend Section 293, Chapter 2, Title Three, Book II of Republic
Act No. 7160 by requiring any person, whether natural or juridicial, engaged in the
utilization and development of the national wealth to directly remit the share of the local
government units concerned to the respective provincial, city, municiOpal or barangay
treasurer.

Under present law, the share of local government units from the utilization and
development of the national wealth are remitted to the national government. Under
Article 286 of the Local Government Code, this share is supposed to be released
automatically to the local government unit concerned has to literally beg for their share
to be released. In the meantime, development and other priority projects for the host
local government units have to be deferred until such time such share is released. Thus,
we are confronted with a situation wherein the national wealth of a host community
being exploited but without the host community immediately enjoying the benefits
thereof.

This bill, therefore, seeks to correct this inequity by mandating the direct
remittance of the share to the local government unit concerned. It is envisioned that with
the passage of this measure, local government units will be able to undertake its priority
projects immediately for the benefit of its residents.

In view of the foregoing considerations, approval of this bill is highly urged.

4

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» RONALD M. COSALAN
yi Representative
_/ Lone District, Benguet



REPUBLIC OF THE PHILIPPINES
HOUSE OF REPRESENTATIVES
Quezon City. Metro manila

FIFTEENTH CONGRESS
First Regular Session
919
House Bill 7

Introduced by: HON. RONALD M, COSALAN

AN ACT MANDATING THE DIRECT
REMITTANCE OF THE RESPECTIVE SHARES OF
cbt LOCAL GOVERNMENT UNITS FROM THE

PROCEEDS IN THE DEVELOPMENT AND
UTILIZATION OF THE NATIONAL WEALTH,
AMENDING SECTION 293, CHAPTER 2, TITLE
THREE, BOOK I, OF REPUBLIC ACT NO. 7160
OTHERWISE AS “THE LOCAL GOVERNMENT
CODE” AND FOR OTHER PURPOSES.

Be it enacted by the Senate and the House of Representatives of the
Philippines in Congress assembled:

Section 1. Section 293 of R.A. 7160 is hereby amended to read as follows:

Section 293. Remittance of the Share of Local Government Units. Any
person, whether natural or juridical, including government-owned or controlled
corporation, engaged in the development and utilization of the national wealth,
shall directly remit the share of local government units as provided in Section 292
hereof, to the provincial, city, municipal or barangay treasurer concerned within
five(5) days after the end of each quarter.


Section 2. Alll other laws, acts, decrees, executive orders, issuances and
ules and regulations or part thereof which are inconsistent with any provisions of
this Act are hereby repealed, amended, or modified accordingly.

Section 3. The Department of Interior and Local Government shall issue
the necessary rules and regulations necessary for the effective and efficient
implementation of this Act.

Section 4. This Act shall take effect within fifteen (15) days upon
publication in a newspaper of general circulation.

Approved,