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EXPLANATORY NOTE
This  bill  was  originally  introduced  as  House  Bill   No.   1853  during  the  Fourteenth
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it was not acted upon.  It was again re-filed during the 16th Congress and the 17th Congress.
Consistent with the promotion and enhancement of local financial autonomy, this bill
seeks to amend  Section 290 and 291  of Republic Act 7160,  otherwise known as the Local
Government Code.
As  proposed,  the  share  of the  local  government units  is  increased  to  sixty  percent
(60°/o) of the gross collection derived by the national government in the preceding fiscal year
from  mining  taxes,  royalties,  forestry  and  fishery  charges,  and  such  other taxes,  fees,  or
charges,  including  related  surcharges,  interests,  or  fines,  and  from  its  share  in  any  co-
production, joint venture or production sharing agreement in the utilization and development
of the national wealth within their territorial jurisdiction.
Under this legislative proposal, the share of the  local government units from the use
of national wealth, and from any government agency, or towned and -controlled corporation
shall  be  remitted  to  them  within  ten  (10)  days  after  the  end  of  every  quarter  during  the
current fiscal year.
This  is  just  one  of  the  measures  that  seek  to  broaden  the  local  fiscal  resource
generation. Hence, the approval of this bill is earnestly requested.
lGUEZ


NINETEENTH CONGRESS                  )
REPUBLIC OF THE PHILIPPINES    )
First Regular session                            )
HOUSE OF REPRESENTATIVES
Introduced by Representative Rufus a. Rodriguez
House Bill No.  EL5
AN ACT
PROVIDING FOR THE DIRECT REMITTANCE TO THE HOST LOCAL GOVERNMENT OF
ITS   FORTY   PERCENT   (40%)   SHARE   OF   THE   PROCEEDS   DERIVED   FROM   THE
UTILIZATION  AND  DEVELOPMENT  OF  NATIONAL  WEALTH,  AMENDING   FOR  THE
PURPOSE  SECTION  293  0F  REPUBLIC  ACT  NO.  7160,  AS  AMENDED,  OTHERWISE
KNOWN AS THE "LOCAL GOVERNMENT CODE OF 1991"
Be it ep?ct.ed  by the  Senate and  House of Representatives of the  Philippines in  Congress
assembled:
SECTION  1.  Section  293  of Republic Act  No.  7160,  as  amended,  otherwise  known  as  the
"Local Government Code of 1991", is hereby amended to read as follows:
"SEC.293.       Remittance     of     the     Share     of     Local
Goverrmenf Uni.ts. -The share of local government units from the
utilization  and  development of national wealth  shall  be  remitted  in
accordance  with  Section  286  of this  Code:    Prov/.ded,  however,
That ANY PERSON,  NATURAL OR JURIDICAL,  INCLUDING [in
the  case  of  any]  government  agency  or  government-owned  or
-controlled corporation engaged in the utilization and development
of the national wealth,  [such share] shall [be] directly remit[ted] to
the   provincial,   city,   municipal  or  barangay  treasurer,   OF  THE
HOST   LOCAL   GOVERNMENT   UNIT   concerned   ITS   FORTY
PERCENT (40%) SHARE DERIVED FROIVI NATIONAL WEALTH
TAXES   UNDER   SECTION   290   0F   THIS   CODE   AND   THE
REMAINING    SIXTY    PERCENT   (60%)    TO   THE    NATIONAL
GOVERNMENT   [within   five   (5)   days   after   the   end   of   each
quarter]."
SEC. 2. All laws, decrees, orders, rules and regulations or parts thereof inconsistent with the
provisions of this Act are hereby amended or modified accordingly.
SEC.  3. This Act shall take effect fifteen (15) days after its  publication  in any newspaper of
general circulation.
Approved,