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This page features the full text of
Republic Act No. 7226
AN
ACT REQUIRING THE COMMISSION ON AUDIT TO SUBMIT TO CONGRESS ANNUAL
REPORTS
OF AMOUNTS OBLIGATED, WARRANTS ISSUED, AND EXPENDITURES MADE IN EACH
MUNICIPALITY,
PROVINCE, AND CITY BY NATIONAL GOVERNMENT AGENCIES, AND
INSTRUMENTALITIES,
INCLUDING GOVERNMENT-OWNED CORPORATIONS, AND FOR OTHER PURPOSES.
REPUBLIC
ACT NO. 7226AN
ACT REQUIRING THE COMMISSION ON AUDIT TO SUBMIT TO CONGRESS ANNUAL
REPORTS
OF AMOUNTS OBLIGATED, WARRANTS ISSUED, AND EXPENDITURES MADE IN EACH
MUNICIPALITY,
PROVINCE, AND CITY BY NATIONAL GOVERNMENT AGENCIES, AND
INSTRUMENTALITIES,
INCLUDING GOVERNMENT-OWNED CORPORATIONS, AND FOR OTHER PURPOSES.
Section
1. In addition to the financial
reports required by existing law to be submitted to Congress, the
Commission
on Audit shall submit an annual report of the amounts obligated,
treasury
and funding warrants issued, and expenditures made every quarter during
the fiscal year for each municipality, province, and city by all
agencies
and instrumentalities of the National Government, including
government-owned
corporations.
The
annual report shall also contain the same data for each agency and
instrumentality
of the National Government, including government-owned corporations, by
province and highly urbanized city.chanrobles virtual law library
Sec.
2. The annual financial reports
herein required shall be submitted to Congress within one hundred
twenty
(120) days after the end of every fiscal year.chanrobles virtual law library
Sec.
3. This Act shall take effect
fifteen (15) days after its publication in at least two (2) newspapers
of general circulation.chanrobles virtual law library
Approved:
March 12, 1992
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