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FOURTEENTH COFIGRESS OF 'THE KEPUBLiC } 
OF THE PHILIPPINES 
i 
First Regular Session 
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S E N A T E  
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S.B. NO %TI0 
(in substitution of SBN 500) 
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Prepared by the Committee on Local Government 
viilh Senators Ejercito Estrada and Aquino 111 as authors thereof 
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AN ACT 
AMENDING SECTIONS 352 AND 543 OF REPUBLIC ACT NO. 7160, OTHERWISE KNOWN AS "THE 
LOCAL GOVERNMENT CODE OF 1991" 
Be if enacted by the Senate and the House of Representatives of the Philippines in Congress assembled: 
SECTION 1. Section 352 of Republic Act No. 7160, otherwise known as "The Local Government 
Code of 1991", is hereby amended to read as follows: 
"SEC. 352. Posting of the Summary of lncorne and Expenditures. - [Local 
treasurers, accountants, budget officers and other accountable officers] ALL 
PROVINCIAL GOVERNORS, CITY AND MUNICIPAL MAYORS AND PUNONG 
BARANGAY shall, within thirty (30) days from the end of each fiscal year, post IN THE 
PROVINCIAL CAPITOL BUILDING, THE CITY, MUNICIPAL AND BARANGAY HALLS, 
AND in at least three (3) publicly accessible and conspicuous PUBLlC places in the local 
government unit [a summary of all revenues collected and funds received including the 
appropriations and disbursements of such funds] FOR AT LEAST TWO (2) 
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CONSECUTIVE WEEKS AND PUBLISH ONCE IN A NEWSPAPER OF GENERAL 
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CIRCULATION OR IN A NEWSPAPER OF NATIONAL CIRCULATION OR IN A 
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NEWSLETTER WITHIN THE TERRITORIAL JURISDICTION OF THE LOCAL 
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GOVERNMENT ALL INCOMES AND REVENUES FROM BOTH PUBLIC AND 
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PRIVATE SOURCES, lMCLLJDlNCi (A) LOANS, CREDIT AND OTHER FORMS OF 
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INDEBTEDNESS SECURED BY THE LOCAL GOVERNMENT UNITS; (B) PROCEEDS 
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FROM THE ISSUANCE OF BONDS AND OI'HER LONG-TERM SECURITIES; (C) 


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LOANS, GRANTS AND SUBSIDIES FROM OTHER L.OCAL GOVERNMENT; (D) 
GKANTS, SUBSIDIES AND LOANS FROM FOREIGN SOURCES GUARANTEED BY 
THE NATIONAL GOVERNMENT AND (E) OTHER SRAN'TS,'SUBSIDIES, DONATIONS 
AND LOANS FROM PRIVATE, FOREIGN AND DOMESTIC SOURCES RECEIVED BY 
THE PROVINCE, CITY, MUNiCIPALI'TY OR BARANGAY AND THE CORRESPONDING 
DISBURSEMENT, EXPENDITURES AND UTILIZATION OF THE ,FUNDS during the 
preceding fiscal year.: fROWDED, THAT WllHiN 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 
FROM THE PRECEDING QUARTER SHALL BE POSTED FOR AT LEAST TWO (2) 
CONSECUTIVE WEEKS IN THE PROVINCIAL CAPITOL BUILDING AND IN EACH 
CITY OR MUNICIPAL AND ,BARANGAY HALL AND IN AT LEAST THREE (3) 
CONSPICUOUS PUBLIC PLACES WITHIN THE PROVINCE: 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 OR IN A NEWSLETTER WITHIN THEIR 
LOCALITIES. 
SEC. 2. Form. - The summary of income and expenditures referred to in the preceding section 
shall be prepared and signed by the local accountant and attested by the local treasurer and shall be in 
such form, style and content and under such regulation as the Commission on Audit may prescribe. 
SEC. 3. Penalties. - Section 513 of the same Act is hereby amended to read as follows: 
"SEC. 513, Failure fo Posf and Pubish the lfemized [Monthly] QUARTERLY 
AND ANNUAL Collections and Disbursements. - Failure by the [local treasurer or the 
local chief accountant] LOCAL CIllEF EXECUTIVE to post tha itemized [monthly] 
QUARTERLY AND ANNUAL collections and disbursements of the local government unit 
concerned within [ten (IO)] THIRTY (30) days following the end of every [month] 
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QUARTER AND FISCAL YEAR and for at least two (2) consecutive weeks at prominent 


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places in the main office building of the local government unit concerned, its plaza and 
main street, and to publish said itemization in a newspaper of general circulation OR IN A 
NEWSPAPER OF NATIONAL CIRCULATION OW fN A NEWSLETTER, where available, 
in the territorial jurisdiction of such unit, shall be punished by a fine [not exceeding Five 
hundred pesos (P5OO)I OF AT LEAST THIRTY THOUSAND PESOS (~30,000.00) 
BUT 
NOT EXCEEDING FIFTY THOUSAND PESOS (~50,000.00) or by imprisonment [not 
exceeding one (1) month] 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 OR BE A CANDIDATE FOR ANY PUBLIC OFFICE 
DURING THE TERMS OF SENTENCE. " 
SEC. 4. 
Repealing Clause. - All iaws, executive orders, presidential decrees, rules and 
regulations or parts thereof which are inconsistent with any of the provisions of this Act are hereby repealed 
or modified accordingly. 
SEC. 5. Effecfivify Clause. - This Act shall take effect fifteen (15) days after its complete 
publication in the Official Gazette or in at least two (2) national newspapers of general circulation. 
Approved,