j rEPUBLIKA NG PILIPINAS MINISTRI NG PANANALAPI MAYN I LA

OFFICE OF LOCAL GOVERNMENT FINANCE DEPARTMENT ORDER NO. February 1$, 1987 SUBJECT:

2L 2 '

RECLASSIFICATION OF THE MUNICIPALITY OF BASUD IN THE PROVINCE OF CAMARINES NORTE EFFECTIVE JULY 1, 19$6, IN ACCORDANCE WITH THE PROVISIONS OF

PRESIDENTIAL DECREE NO. 465. TO

The Regional Director for Local Government Finance, Region V, the Provincial Governor, the Sangguniang Panglalawigan, the Provincial Treasurer and the Provincial Assessor of Camarines Norte, the Municipal Mayor, the Sangguniang Bayan and the Municipal Treasurer of Basud and Others Concerned.

Pursuant to Section 5 of Presidential Decree No. 465, the municipality of Basud in the province of Camarines Norte is hereby reclassified from Fourth Class to Third Class effective July 1, 1986, on the basis of its average annual income of k'784,296.54 actually realized during the last four (4) consecutive calendar years (1982-1985) as certified by the Commission on Audit under its letter dated February 3,19$7. The foregoing classification of the said municipality shall be the basis for determining the maximum amounts expendable for salaries and wages, representation allowances, administrative aids and other statutory contributions in the adoption of the annual budgets as well as the maximum salary rates of local government officials and employees in accordance with existing law and regulations. By authority of the Secretary:

LORINL. CARLOS Di ctor oaj/

ISANG BANSA, ISANG DIWA, ISANG WIKA