Wednesday 12 December 2018
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Senate lifts restrictions on LGU’s use of proceeds from development of energy sources

The Senate on Monday approved on third and final reading a measure lifting the restriction on local government units (LGUs) use of proceeds from the development and utilization of energy sources. Senate Bill No. 1789 sought to amend the provisions of RA 7160 or the Local Government Code of 1991 enhancing the use of national wealth for developmental purposes of the LGUs. Under section 241 of the Local Government Code, at least 80 percent of the proceeds derived from the development and utilization of hyd

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