Amendment to RA 3019 on Asset Declarations

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PRESIDENTIAL DECREE NO. 1288: Amendment to RA 3019 on Asset Declarations

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Title Source: Supreme Court: Amendment to RA 3019 on Asset Declarations

Law: Presidential Decree No. 1288

Decision Date: Jan 24, 1978

Presidential Decree No. 1288 amends the Anti-Graft and Corrupt Practices Act, extending the deadline for public officers to submit their statement of assets and liabilities, providing them with more time to gather and organize necessary information.

Law Summary

Contents of the Statement

The statement must be true, detailed, and sworn.
It must include a declaration of all assets and liabilities.
It should contain the amounts and sources of the public officer's income.
It must report personal and family expenses.
The income taxes paid during the preceding calendar year must be included.

Filing Details

The statement is to be filed with the office of the corresponding Department Head.
For Heads of Departments or Chiefs of independent offices, the statement must be filed with the Office of the President.

Special Provision for Officers Assumed Office Near Year-End

Public officers assuming office less than two months before the end of the calendar year are allowed to file their first statement by April 15 following that calendar year.

Purpose and Policy

The measure aims to promote transparency and accountability among public officers.
It addresses practical difficulties in preparing the statement within a shorter period, especially for officers with multiple income sources.

Effectivity

The amended provision became effective starting with the asset and liability statement for the calendar year 1977.

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