Mandatory Fare Matrix Display and Penalties

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LTFRB MEMORANDUM CIRCULAR NUMBER 2006 - 076: Mandatory Fare Matrix Display and Penalties

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Title Source: Supreme Court: Mandatory Fare Matrix Display and Penalties

Law: Ltfrb Memorandum Circular Number 2006 - 076

Decision Date: Dec 29, 2006

Operators must display a fare matrix and face a penalty of P1,000 for failing to file an application for fare increase, as mandated by the LTFRB's December 29, 2006 memorandum.

Law Summary

Amendment and Supersession of Previous Issuances

The Board amends the second paragraph of Memorandum Circular No. 2005-034 as amended by Memorandum Circular No. 2006-054.
The current Memorandum Circular supersedes all previous issuances that are inconsistent with its provisions.

Effectivity of the Memorandum Circular

The Memorandum Circular shall take effect fifteen (15) days after its publication.
Publication must be through a newspaper of general circulation or the Official Gazette.

Consultation and Adoption

The amendments were made after consultations with representatives from various transport groups.
The Memorandum Circular was adopted on December 29, 2006.
The document bears the signatures of the LTFRB Chairman and Board Members, affirming its authority and implementation.

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