Plebiscite determines when barangay exists
- Section 2 requires the new barangay’s existence to be conditioned on a plebiscite conducted and supervised by COMELEC.
- Section 2 bases the plebiscite requirement on Section 10 of Republic Act No. 7160 (Local Government Code of 1991).
- Section 2 limits the plebiscite to qualified voters of Barangay Parang, City of Marikina, Metro Manila in the area affected.
- Section 2 provides that Barangay Fortune exists upon the majority of votes cast in the plebiscite.
- Section 2 requires the plebiscite to be conducted within ninety (90) days from the effectivity of this Act.
First barangay officials and tenure
- Section 3 provides that the first set of officials of Barangay Fortune is appointed by the City Mayor of Marikina.
- Section 3 sets the term of the appointed officials as lasting until successors have been duly elected and qualified.
Public infrastructure transferred to barangay
- Section 4 transfers all existing public infrastructure and facilities for public use located within the area at the time of approval of the Act.
- Section 4 provides that the transfer is without cost or compensation.
- Section 4 assigns administration of transferred infrastructure and facilities to Barangay Fortune.
Internal Revenue Allotment entitlement
- Section 5 grants Barangay Fortune entitlement to Internal Revenue Allotment (IRA) shares.
- Section 5 anchors the IRA entitlement on Section 285 of Republic Act No. 7160 (Local Government Code of 1991).
Plebiscite costs borne by city
- Section 6 requires that the amount necessary to conduct the plebiscite be borne by the City of Marikina, Metro Manila.
Effectivity and enactment timeline
- Section 7 states that the Act takes effect upon approval.
- The Act is Republic Act No. 9431, dated April 10, 2007.
- The Act provides an enactment timeline: December 20, 2006 (House of Representatives) and February 19, 2007 (Senate).
- The Act was approved by Gloria Macapagal-Arroyo.