Review of Provincial and City Budgets.
Section 29
SEC. 29. Review of Provincial and City Budgets.—Within ten days from receipt by the provincial or city treasurer of copies of the provincial or city budget approved by the local board or council, he shall furnish copies thereof to the Secretary of Finance who shall have the power to review the same in order to ascertain compliance with the foregoing requirements and general limitations. If within ninety days after receipt of his copies of the provincial or city budgets, the Secretary of Finance takes no action thereon, the same shall be deemed to have been passed in accordance with law and shall continue to be in full force and effect. If within the same period the Secretary of Finance shall have ascertained that a provincial or city budget has not complied with the budgetary requirements set forth in Section 27 hereof, the budget shall be declared inoperative in its entirety. Items of appropriations contrary to, or in excess of, any of the general limitations prescribed in Section 28 hereof shall be disallowed or reduced accordingly and any violation of any of the aforesaid general limitations shall constitute sufficient ground for declaring the budget inoperative either in part or in its entirety. The Secretary of Finance shall, within the ninety-day period hereinabove fixed, advise the provincial governor or the city mayor concerned thru the local treasurer or any action taken on the budget under review. Following receipt of such advice, it shall be unlawful for the local treasurer to make further disbursement of funds from any of the items of appropriation declared inoperative, disallowed or reduced. SEC. 30. Review of Municipal Budgets.—Municipal budgets shall be reviewed by the provincial treasurer in the same manner and within the same period as prescribed in the preceding section. The budgetary requirements and general limitations prescribed for provincial and city budgets shall likewise be applicable to municipal budgets. If within ninety days from receipt of his copies of the municipal budget from the municipal treasurer concerned, the provincial treasurer takes no action thereon, the same shall be deemed to have been passed in accordance with law and shall continue to be in full force and effect. If within the ninety days the provincial treasurer shall have ascertained that a municipal budget has not complied with the budgetary requirements set forth in Section 27 hereof or when the income estimates certified by the municipal treasurer are found to be unrealistic and improbable of collection, the provincial treasurer shall, within the ninety-day period hereinabove fixed declare the budget inoperative in its entirety. Items of appropriation contrary to, or in excess of, any of the general limitations prescribed in Section 28 hereof shall be disallowed or reduced accordingly and any other violation of any of the aforesaid general limitations shall constitute sufficient ground for declaring the budget inoperative either in part or in its entirety. The provincial treasurer shall within the ninety-day period advise the municipal mayor thru the municipal treasurer of any action taken on the budget under review. Following receipt of such advice, it shall be unlawful for the municipal treasurer to make further disbursement of funds from any of the items of appropriation declared inoperative, disallowed, or reduced.