THE Bacolod City Council passed on first reading the Ordinance amending Chapter VIII, section 48 of the City Ordinance no. 160, Series of 1996 or the Market Code of Bacolod City.
Authored by Councilor Caesar Distrito and co-authored by Councilor El Cid Familiaran, the resolution cited Chapter VIII, Section 48 of City Ordinance No. 160, Series of 1996 which states that ten (10) percent of the total collection from the operations of the markets shall be set aside as trust fund solely for the use of the maintenance and improvement of the public markets. The trust fund that is allocated for the maintenance of the Public Markets and the Manokan Country should be increased in order to properly address the rehabilitation and the repair of the same. The rehabilitation and improvements of the markets are not properly addressed because the trust fund that is allocated for the same is not enough. As amended and added, there shall be created a separate trust fund for each public market, namely the North Public Market (Burgos Market), the Central Market, the South Public Market (Libertad Market) and the Manokan Country, and allocating fifty percent (50%) of the total collection to each of the said trust fund. The respective Market Supervisors shall be responsible for the preparation of the program of works, subject to the approval of the City Mayor. The City Treasurer’s Office shall submit the monthly collection report and the status of the Trust Fund of the said public markets to the City Council through the committee on markets and slaughterhouse. Carla N. Canet Sun Star Bacolod
0 Comments
Leave a Reply. |
Categories
All
|