Creation of Barangay Fortune in Marikina

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Republic Act No. 9431: Creation of Barangay Fortune in Marikina

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Title Source: Supreme Court: Creation of Barangay Fortune in Marikina

Law: Republic Act No. 9431

Decision Date: Apr 10, 2007

Republic Act No. 9431 establishes Barangay Fortune in Marikina City, Metro Manila, through a plebiscite and outlines the transfer of infrastructure, appointment of officials, and allocation of Internal Revenue Allotment shares for the new barangay.

Law Summary

Plebiscite for Confirmation and Legal Requirement

Creation of Barangay Fortune is subject to approval by a majority vote.
Plebiscite shall be conducted among qualified voters of Barangay Parang.
The Commission on Elections (COMELEC) shall supervise the plebiscite.
The plebiscite must be held within 90 days from the law's effectivity.

Appointment of Initial Barangay Officials

The first set of barangay officials will be appointed by the City Mayor of Marikina.
Appointed officials will serve until successors are duly elected and qualified.

Transfer and Administration of Public Infrastructure

All existing public infrastructure and facilities within the new barangay at the time of approval are transferred to Barangay Fortune.
Transfer occurs without cost or compensation.
Barangay Fortune is responsible for administration and management of these assets.

Internal Revenue Allotment (IRA) Rights

Barangay Fortune shall receive its share of Internal Revenue Allotment as prescribed under Section 285 of the Local Government Code of 1991 (Republic Act No. 7160).

Financial Responsibility for Plebiscite

Expenses related to the plebiscite will be borne by the City of Marikina.

Effectivity of the Act

The law takes effect immediately upon approval.

END