Special Accounts to he Maintained in the General Fund.
Section 13
SEC. 13. Special Accounts to he Maintained in the General Fund.—There shall be maintained in the general fund of the local government concerned special accounts for the following: Public utilities and other economic enterprises. Barrio Development Fund.—There is hereby created a barrio development fund to be constituted from the annual contribution from each province, city, or municipality in amounts not exceeding five hundred pesos per barrio. This fund shall be spent solely for community development projects which meet the requirements set forth by the Secretary of Local Government and Community Development. The provincial or city treasurer, who shall be the custodian of this fund, shall maintain in his books a special account therefor. The provincial treasurer shall make releases from this fund thru the municipal treasurer concerned who shall be responsible for the proper disbursement and accounting of the same. Loans, interests, bond issues and other contributions for specific purposes. Receipts and expenditures involving the above-mentioned special accounts shall be properly taken up thereunder. Not profits derived from the operation of public utilities and other economic enterprises, when not needed for the return of the advances made therefor, shall be spent solely for the improvement of the public utility or the economic enterprises concerned.