Art 2180 ncc 3 when a member of a city or municipal

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Unformatted text preview: funds, unless otherwise provided 5. Trust funds in the local treasury shall not be paid out except in the fulfillment of the purpose for which the trust was created or the funds received 6. A: Local Government Code of 1991 No money shall be paid out of the local treasury except in pursuance of an appropriation ordinance or law; Local government funds and monies shall be spent solely for public purposes; Every officer of the local government unit whose duties permit or require the possession or custody of local funds shall be properly bonded, and such officer shall be accountable and responsible for said funds and for the safekeeping thereof in conformity with the provisions of law; 7. Local governments shall formulate a sound financial plans and local budgets shall be based on functions, activities and projects, in terms of expected results Local budget plans and goals shall, so far as practicable, be harmonized with national development plans, goals and strategies in order to optimize the utilization of resources and to avoid duplication in the use of fiscal and physical resources Respective Organic Act Note: Unlike Sec. 5, Article X, Sec. 20, Article X of the 1987 Constitution is not self‐executing. It merely authorizes Congress to pass the Organic Act of the autonomous regions which shall provide for legislative powers to levy taxes upon their inhabitants. Q: The president, through AO 372, orders the withholding of 10 percent of the LGUs' IRA "pending the assessment and evaluation by the Development Budget Coordinating Committee of the emerging fiscal situation" in the country. Is the AO valid? A: No, A basic feature of local fiscal autonomy is the automatic release of the shares of LGUs in the national internal revenue. This is mandated by no less than the Constitution. The Local Government Code specifies further that the release shall be made directly to the LGU concerned within five (5) days after every quarter of the year and "shall not be subject to a...
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This document was uploaded on 03/12/2014.

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