Section 7Sec./Art. 7

Financial Requirements. During the first year of implementation of this Act, the newly created Municipality of Braulio E. Dujali shall receive from the municipalities of Panabo and Carmen a proportionate share from their respective internal revenue allotments allocated pursuant to Section 285 of the Local Government Code, in accordance with the terms and conditions as may be set in the resolutions to be submitted to the Department of Budget and Management by the respective sangguniang bayans of the municipalities of Panabo and Carmen in consultation with the representative of the district and the governor of the province. Thereafter, the Municipality of Braulio E. Dujali shall be entitled to an internal revenue allotment as authorized under the said Local Government Code.