Question & AnswerQ&A (Republic Act No. 9431)
The main purpose of Republic Act No. 9431 is to create a new barangay known as Barangay Fortune in the City of Marikina, Metro Manila, by separating Sitio Fortune from Barangay Parang.
Barangay Fortune is located in the City of Marikina, Metro Manila, and is bounded by the centerlines of the Nangka River, Park 8 Creek, Fortune Avenue, F. Balagtas Street, Tanguile Street, Monserrat Hill Street in La Milagrosa Subdivision, and the Marikina-Antipolo boundary, covering an area of approximately 219.18 hectares.
Barangay Fortune will officially be created upon the majority of votes cast by qualified voters of Barangay Parang in a plebiscite conducted and supervised by the Commission on Elections (COMELEC) within 90 days from the effectivity of the Act.
The Commission on Elections (COMELEC) conducts and supervises the plebiscite for the creation of Barangay Fortune.
The first set of officials of Barangay Fortune shall be appointed by the City Mayor of Marikina.
The first set of barangay officials hold office until their successors are duly elected and qualified.
All existing public infrastructure and facilities for public use at the time of the approval of the Act are transferred without cost or compensation and shall be administered by the new Barangay Fortune.
Yes, Barangay Fortune is entitled to Internal Revenue Allotment (IRA) shares pursuant to Section 285 of Republic Act No. 7160, the Local Government Code of 1991.
The cost of conducting the plebiscite shall be borne by the City of Marikina, Metro Manila.
Republic Act No. 9431 takes effect upon its approval by the President of the Philippines.