Presidential Decree No. 937 (PD 937) — Amending Section Four of Presidential Decree No. 144, Entitled "Revising the Present System of National Internal Revenue Allotments to Local Governments" as Amended by Presidential Decree No. 359 and Section 22, Paragraph (C), of Presidential Decree No. 898.
WHEREAS, the local governments depend largely upon the
internal revenue allotments they receive annually under the provisions
of Presidential Decree No. 144, as amended, to meet and maintain the
fund requirements of community development projects;
WHEREAS, some local governments, may be adversely affected
by the automatic rescission, beginning July 1, 1976 of the percentage
decrease limitation provided for in Section four of the aforesaid
Decree;
WHEREAS, it has become necessary to institute remedial
measures that will avert the financial dislocation of said local units
in order to avoid the impairment of essential projects and public
services in these localities;
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the
Republic of the Philippines, by virtue of the powers vested in me by the
Constitution, do hereby decree and order, as part of the law of the
land, the following provisions:
SECTION 1.—The allocation formula for determining the
individual shares of the local governments effective July 1, 1976 as
provided for in Sections 1, 2 and 3 in relation with Section 4 of
Presidential Decree No. 144, as amended by Presidential Decree No. 559
and Section 22, paragraph (c) of Presidential Decree No. 898, is hereby
modified and, for the purpose, Section 4 of Presidential Decree No. 144
is hereby amended to read in full as follows:
"4. (a) For the first three fiscal years of implementation of
this Decree (FYs 1974, 1975 and 1976) the annual allotment of any local
government shall not increase by more than fifteen per centum
(15%) nor decrease by more than fifty per centum (50%) of its
actual allotment during the fiscal year 1970-71.
"(b) For the six-month period from July 1, 1376 to December 31,
1976, the internal revenue allotment of any local government shall not
increase by more than twenty-five per centum (25%) of, nor be
less than, the allotment it actually received for the six-month period
from July 1, 1975 to December 31, 1975, as determined pursuant to
Sections 1, 2 and 3 hereof.
"(c) For the new fiscal year commencing on January 1, 1977 and
ending on December 31, 1977, the annual allotment of any local
government as determined pursuant to Sections 1, 2 and 3 hereof shall
not increase by more than twenty-five per centum (25%) of, nor be
less than, the annual allotment it shall actually receive for the
fiscal year from July 1, 1975 to June 30, 1976.
"(d) Thereafter, or beginning January 1, 1978, the annual
allotment shares of each local government shall be determined solely on
the basis of Sections 1, 2 and 3 hereof as read in relation with the
pertinent provisions of Presidential Decrees Nos. 559 and 898."
SEC. 2.—The Secretary of Finance shall issue the rules and
regulations necessary for the proper implementation of this Decree.
SEC. 3.—All laws, decrees, orders, and rules and
regulations or parts thereof, which are contrary to or inconsistent with
this Decree are hereby repealed, amended or modified accordingly.
SEC. 4.—This Decree, except as otherwise provided for
herein, shall take effect immediately.
Done in the City of Manila, this 27th day of May, in the year of
Our Lord nineteen hundred and seventy-six.
(Sgd.)
FERDINAND E. MARCOS
President
Republic of the Philippines
By the President:
(Sgd.)
JACOBO C. CLAVE
Presidential Executive Assistant
Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).
