Authority to Approve Motorized Tricycle Fare Rates

Ask AI

LTFRB MEMORANDUM CIRCULAR NO. 90-012: Authority to Approve Motorized Tricycle Fare Rates

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: Authority to Approve Motorized Tricycle Fare Rates

Law: Ltfrb Memorandum Circular No. 90-012

Decision Date: Apr 27, 1990

Regional Managers are empowered to approve fair fare rates for motorized tricycles, ensuring community involvement through public hearings to balance operator costs and public affordability.

Law Summary

Criteria for Determining Fare Rates

Fare rates must be fair to tricycle operators and reasonable to the riding public.
Considerations for fare determination include:
- Cost of equipment
- Expenses on spare parts
- Fuel costs
- Repairs and maintenance expenses

Procedural Requirement: Public Hearing

Approval of fare rates requires conducting a public hearing within the region.
The hearing must include participation from:
- Local government officials
- Consumer groups or riding public representatives
- Tricycle operators
- Other affected parties
This ensures transparency, public consultation, and inclusive decision-making.

Effectivity of the Memorandum Circular

The memorandum circular takes effect immediately upon issuance.
It signifies formal adoption and enforcement authority.

Signatories and Legal Authority

The circular was adopted on April 27, 1990.
It is signed by the Chairman, a Board Member, and the Assistant Secretary acting as Board Member, lending official validity and authority to the directive.

END