AMENDING SECTION 7 OF REPUBLIC ACT NO. 3019, AS AMENDED, OTHERWISE KNOWN AS THE ANTI-GRAFT AND CORRUPT PRACTICES ACT.

• Number: Presidential Decree No. 677
• Sections: 3

Preamble

WHEREAS, the program of reform in the Government under the

New Society has been endorsed overwhelmingly by the people in the

referendum held on February 27, 1975; and

WHEREAS, as a continuing instrument of the reform program

and in consonance with the dictum that the life of a public officer is

an open book and subject to scrutiny, all government officials and

employees must account at frequent intervals their financial position in

order that they will be beyond suspicion and reproach.

NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the

Philippines, by virtue of the powers in me vested by the Constitution do

hereby decree and order that—

Section 1

SECTION 1. Section 7 of Republic Act No. 3019,

as amended, is further amended to read as follows:

"SEC. 7. Statement of assets and liabilities.—Every

public officer, within thirty days after assuming office, and within

the month of January of every year thereafter, as well as upon the

expiration of his term of office, or upon his resignation or separation

from office, shall prepare and file with the office of the corresponding

Department Head, or in the case of a Head of Department or Chief of an

independent office, with the Office of the President, a true detailed

and sworn statement of assets and liabilities, including a statement of

the amounts and sources of his income, the amounts of his personal and

family expenses and the amount of income taxes paid for the next

preceding calendar year; Provided, That public officers assuming office

less than two months before the end of the calendar year, may file their

first statement, on the following month of January."

Section 2

SEC. 2. The provision of this Decree shall take effect

beginning January, 1976, for the statement pertaining to the

calendar year 1975.

Done in the City of Manila, this 31st day of March, in the

year of Our Lord, nineteen hundred and seventy-five.

(Sgd.)

FERDINAND E. MARCOS

President

Republic of the Philippines

By the President:

(Sgd.)

ALEJANDRO MELCHOR

Executive Secretary