Article 142Supplement v1, p. 142

COMMERCIAL LAWS SUPPLEMENT

shall, upon conviction, be punished by imprisonment of

not less than six (6) months nor more than six (6) years, or

by a fine of not more than One hundred thousand pesos

(P100,000.00)

or

both

such

fine

and

imprisonment:

Provided, That where the violation is attended by injury,

loss of life and/or property, the violator shall be proceeded

against under the applicable provisions of the Revised

Penal Code .

SECTION 12. Appropriation and Sources of Income. —

a.

To

support

the

manpower;

infrastructure

and

equipment needs of the fire service of the BFP, such

amount as may be necessary to attain the objectives of

the Fire Code shall be appropriated and included in the

annual appropriation of the BFP.

b. To partially provide for the funding of the fire service

the following taxes and fees which shall accrue to the

general fund of the National Government, are hereby

imposed:

(1) Fees to be charged for the issuance of certificates,

permits and licenses as provided for in Section 7 (a)

hereof;

(2) One-tenth of one per centum (0.1%) of the verified

estimated value of buildings or structures to be erected,

from the owner thereof, but not to exceed Fifty thousand

(P50,000.00) pesos, one half to be paid prior to the

issuance of the building permit, and the balance, after

final inspection and prior to the issuance of the use and

occupancy permit;

(3) One-hundredth of one per centum (0.10%) of the

assessed value of buildings or structures annually payable

upon payment of the real estate tax, except on structures

used as single family dwellings;

(4) Two per centum (2%) of all premiums, excluding

re-insurance premiums for the sale of fire, earthquake

and explosion hazard insurance collected by companies,

persons or agents licensed to sell such insurances in the

Philippines;

(5) Two per centum (2%) of gross sales of companies,

persons

or

agents

selling

fire

fighting

equipment,

appliances or devices, including hazard detection and

warning systems; and

(6) Two per centum (2%) of the service fees received from

fire,

earthquake,

and

explosion

hazard

reinsurance

surveys and post loss service of insurance adjustment

companies doing business in the Philippines directly

through agents.

SECTION 13. Collection of Taxes, Fees and Fines. — All

taxes, fees and fines provided in this Code shall be

collected by the BFP: Provided, That twenty percent (20%)

of all such collections shall be set aside and retained for

use by the city or municipal government concerned,

which shall appropriate the same exclusively for the use

of the operation and maintenance of its local fire station,

including the construction and repair of fire station:

Provided, further, That the remaining eighty (80%) shall

be remitted to the National Treasury under a trust fund

assigned for the modernization of the BFP.

SECTION 13-A. Assessment of Fire Code Taxes, Fees and

Fines. — The assessment of fire code taxes, fees and fines

is vested upon the BFP. The BFP shall, subject to the

approval of the DILG, prescribe the procedural rules for

such purpose.

SECTION 13-B. Collection and Assessment of Local Taxes,

Fees and Fines. — The collection and assessment of taxes,

fees and fines as prescribed in the Local Government

Code, except those contained in this Code, shall be the

function of the concerned local government units.

SECTION

13-C.

Use

of

Income

Generated

from

the

Enforcement of the Fire Code. — The Chief, BFP is

authorized, subject to the approval of the Secretary of the

Interior

and

Local

Government,

to

use

the

income

generated under the Fire Code for procurement of fire

protection

and

fire

fighting

investigation,

rescue,

paramedics, supplies and materials, and related technical

services

necessary

for

the

fire

service

and

the

improvement of facilities of the Bureau of Fire Protection

and abatement of fire hazards.

The

BFP

shall

determine

the

optimal

number

of

equipment, including, but not limited to, fire trucks and

fire hydrants, required by every local government unit for

the proper delivery of fire protection services in its

jurisdiction.

In the procurement of firefighting and investigation

supplies and materials, the Bureau of Product Standards

of the Department of Trade and Industry shall evaluate,

determine and certify if the supply so procured conforms

to the product standards fixed by the BFP. For this

purpose, the BFP shall submit to the Bureau of Product

Standards a detailed set of product standards that must

be complied with in the procurement of fire fighting and

investigation supplies and materials within six (6) months

from the effectivity of this Act.

SECTION 13-D. Monitoring the Implementation of the Fire

Code and the Amount of the Fees Collected. — The Chief,

BFP shall, within six (6) months from the effectivity of this

Code, submit to the Secretary of the Interior and Local

Government for his/her approval, a management tool or

mechanism that would ensure effective monitoring of

the enforcement of the Fire Code to include the amount

of Fire Code fees collected.

SECTION 14. Within sixty (60) days from the effectivity of

this

Act,

the

Secretary

of

the

Interior

and

Local

Government shall issue the rules and regulations for its

effective implementation.

SECTION

15.

Presidential

Decree

No.

1185

is

hereby

repealed.

All

laws,

presidential

decrees,

letters

of

instructions,

executive

orders,

rules

and

regulations

insofar as they are inconsistent with this Act, are hereby

repealed or amended as the case may be.

SECTION 16. In case any provision of this Act or any

portion

thereof

is

declared

unconstitutional

by

a

competent court, other provisions shall not be affected

thereby.

SECTION 17. This Act shall take effect fifteen (15) days after

its publication in the Official Gazette or in two (2) national

newspapers of general circulation.

Approved: December 19, 2008

Published in The Manila Times on January 5, 2009.

(Fire Code of the Philippines of 2008, Republic Act No.

9514, [December 19, 2008])

RA No 9510 | Credit Information System

Act

October 31, 2008

AN ACT ESTABLISHING THE CREDIT INFORMATION

SYSTEM AND FOR OTHER PURPOSES

Be it enacted by the Senate and House of

Representatives of the Philippines in Congress

assembled: :

Section 1. Title . - This Act shall be known as the " Credit

Information System Act" .

Section 2. Declaration of Policy . - The State recognizes

the need to establish a comprehensive and centralized

credit

information

system

for

the

collection

and

dissemination of fair and accurate information relevant to,

or arising from, credit and credit-related activities of all

entities participating in the financial system. A credit

information system will directly address the need for

reliable credit information concerning the credit standing

and track record of borrowers.

The

operations and services of a credit information

system can be expected to: greatly improve the overall

availability

of

credit

especially

to

micro,

small

and

medium-scale enterprises; provide mechanisms to make

© Compiled by RGL

142 of 203