• GUINGONA WANTS MORE FUNDS FOR LGUS

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    Sen. Teofisto “TG” Guingona 3rd has filed a bill creating a Solidarity Fund for the disaster response and recovery of the local government units (LGUs). In his Senate Bill 1087, Guingona proposed that all LGUs will be mandated to contribute 0.5 percent of their revenues taken from the Local Disaster Risk Reduction and Management Fund other than the amount set aside for the quick response fund. He said it will be called Solidarity Fund which will be held as a trust account in a government bank and disbursement will be subject to the issuance of a release order of the supervisory board.

    PNA

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