Automatic Income Classification of LGUs Act

Ask AI

Republic Act No. 11964: Automatic Income Classification of LGUs Act

What do you want to know about the law?
Ask AI quickly gives answers based only on the current context to avoid mistakes. Always verify with the original text.

New Chat Started

Ask AI

Title Source: Supreme Court: Automatic Income Classification of LGUs Act

Law: Republic Act No. 11964

Decision Date: Oct 26, 2023

The Automatic Income Classification of Local Government Units Act institutionalizes the automatic income classification of provinces, cities, and municipalities in the Philippines to promote local autonomy and determine their financial capability, with adjustments made by the Secretary of Finance based on economic conditions, ensuring that lower income class LGUs are not disadvantaged and implementing rules and regulations to be issued by the Department of Finance and Department of Budget and Management.

END