Monday, January 22, 2007 Agency ready for first release of road fund
FIFTY-percent of the city's five-percent share from the Road Use Fund for 2005 is ready for release, according to the Department of Public Works and Highways (DPWH).
During the meeting of the City Council committee on public works chaired by acting Vice Mayor Juan Sia, Anavilla Labiano of the DPWH-Northern Mindanao said that only a resolution from the City Government for the Memorandum of Agreement between City Hall and the DPWH-Northern Mindanao is needed to facilitate the release.
She said the remaining fifty-percent will be released upon liquidation by the City Government and the submission of needed reports.
The city is expected to receive over P3 million for its 2005 share and another P3 million for 2006.
The DPWH representative said that the 2006 allocation will be processed when necessary documents shall have been submitted.
The amount represents five percent of the amount collected from the Motor Vehicles Users Charge by the Land Transportation Office, which will be used for the improvement of city and barangay roads.
In a press statement sent to Sun.Star Cagayan de Oro, the basis for the city's share in the road use fund is equitable sharing, vehicle population and the size of road network.
The implementation of the projects under the Special Local Road Fund (SLRF) in the city is in line with RA 8794, also known as the Motor User's Charge (MVUC) on motor vehicles, which shall be collected from and paid by the owner of the motor vehicle.
From this, 80 percent is allotted for maintenance of national roads, 7.5 percent for road safety.
As this developed, the committee endorsed the resolution to the committee on laws and rules chaired by Councilor Maryanne Enteria for its inclusion in the agenda for the next plenary session. (Press release)
