Deposit of cash in excess of Municipal Treasurer's requirements.
Section 7
SEC. 7. Deposit of cash in excess of Municipal Treasurer's requirements.—Cash pertaining to the local funds and other funds in the custody of Municipal Treasurers, excluding those accruing to the Metropolitan Manila Commission, in excess of the municipal treasurer's requirements as provided for under existing regulations shall henceforth be deposited with the City Treasurer of the District and municipal withdrawals shall be made by the Municipal Treasurers against such deposits. Accordingly, the Provincial Treasurers of the provinces of Rizal and Bulacan shall remit not later than June 30, 1976 to the City Treasurer of the District concerned the municipal deposits of the municipalities integrated in the Metropolitan Manila Area. For the proper accounting of such municipal transactions, the City Treasurers concerned shall maintain separate books of accounts.