Submission by Public Officers of Statement of Assets, Liabilities and Net Worth

March 31, 1975 LETTER OF INSTRUCTIONS NO. 262 TO : All Heads of Departments, Agencies and Offices of the Government and Others concerned SUBJECT : Submission by Public Officers of Statement of Assets, Liabilities and Net Worth as of December 31, 1974 In pursuance of the program of reform in the Government under the New Society which was, among others, overwhelmingly endorsed by the people in the referendum held on February 27, 1975, and consistent with the guarantees provided in the different tax amnesty decrees, it is thereby directed that acd 1. Every public officer shall prepare and file, in the prescribed form (Annex "A") a sworn statement of assets, liabilities and net worth as of December 31, 1974, which shall include the assets, liabilities and net worth of the spouse and unmarried children below twenty-one years of age as of that date; Provided , That every public officer who is a. A chief of Section or above; or b. Occupying a position allocated to range 51 or above, whether chief of section or not; or c. Holding the rank of sergeant or above, in case of the military; or d. an officer or member of a law enforcement agency of the government. shall prepare and file, in the prescribed form (Annex "B"), a sworn comparative statement of assets, liabilities and net worth, as provided in Paragraph 2 hereof, which shall also include the assets, liabilities and net worth of the spouse and unmarried children below twenty-one years of age. 2. The comparative statement required in Paragraph 1 hereof shall consist of: a. A statement of assets, liabilities and net worth as of December 31, 1974; and cd b. A statement of assets, liabilities and net worth as of December 31, 1965, or as of the date the public officer entered the government service, whichever date is later; Provided , That in case the public officer had availed of tax amnesty, the statement of assets, liabilities and net worth shall be as of 1) December 31, 1971, if the public officer availed of tax amnesty under Presidential Decree No. 23 only; or 2) December 31, 1972, if the public officer availed of the tax amnesty under Presidential Decree Nos. 23 and 157, and/or Presidential Decree Nos. 213 and 370; or 3) December 31, 1973, if the public officer availed of the tax amnesty under Presidential Decree No. 631. 3. The comparative statement of assets, liabilities and net worth shall be accompanied by a statement, also under oath, showing and explaining any increase in net worth for the period covered by the comparative statement. 4. The statement of assets, liabilities, and net worth shall be filed on or before May 30, 1975, with the Office of the corresponding Department Head, or in the case of a Head of Department or Chief of an independent office, with the Office of the President. 5. The following terms as used herein shall be defined as follows: a. "Government" includes the national government, the local governments, the government-owned and government-controlled corporations, and all other instrumentalities or agencies of the Republic of the Philippines and their branches. b. "Public Officer" includes elective and appointive officials, including barangay heads, and employees, permanent or temporary, whether in the classified or unclassified or exempt service receiving compensation, even nominal, from the government as defined in the preceding subparagraph. c. "Assets" include any property, real or personal, tangible or intangible, whenever situated, to the extent of the cost or interest therein of the public officer, his spouse and unmarried children below twenty-one years of age. d. "Liabilities" are legitimate and enforceable obligations reducible in terms of money and existing as of the date of the statement of assets, liabilities and net worth required herein. e. "Net Worth" is the difference between the total assets and the total liabilities. 6. Any public official who fails to file the statement required by this Letter of Instructions shall be subject to the penalties provided for in Section 9(b) of Republic Act No. 3019, otherwise known as the Anti-Graft and Corrupt Practices Act. DONE in the City of Manila, this 31st day of March, in the year of Our Lord, Nineteen Hundred and Seventy-Five. cdt ANNEX "A" SWORN STATEMENT OF ASSETS, LIABILITIES AND NET WORTH As of December 31, 1974 (Required by Letter of Instruction No.___) Name of Public Officer _________________ Position ________________ Address _________________________________________________________ Name and Address of Office _________________________________________ Civil Status _______________________________________________________ Name of Spouse _________________________________________________ Unmarried Children below 21 years of age: Name Date of Birth 1. __________________________ ___________________________ 2. __________________________ ___________________________ 3. __________________________ ___________________________ 4. __________________________ ___________________________ ASSETS Nature Cost Personal Properties. _______________________ P_____________ _______________________ _____________ _______________________ _____________ _______________________ _____________ Total P_____________ Real Properties: ________________________ P_____________ ________________________ _____________ ________________________ _____________ ________________________ ______________ Total P______________ TOTAL ASSETS P______________ LIABILITIES Nature Amount ________________________ P______________ ________________________ _______________ ________________________ _______________ ________________________ _______________ _______________ TOTAL LIABILITIES P______________ NET WORTH (Total Assets Less Total Liabilities) P________ I hereby certify that this is a true statement of my assets, liabilities, and net worth as of December 31, 1974, and includes assets, liabilities, and net worth of my spouse and unmarried children below 21 years of age as of that date, as required by and in accordance with Letter of Instruction No. 262 dated March 31, 1975 . Date _______________, 1975. _______________________ Signature of Public Officer TAN: Res. Cert. No. A-_________________ B _______________ Issued at ________________________ _______________ Date Issued ______________________ _______________ Subscribed and sworn to before me this ____________ day of ______________________, 1975, affiant exhibiting to me his Residence Tax Certificates as indicated above. _________________________ Person Administering Oath Annex "B" SWORN COMPARATIVE STATEMENT OF ASSETS, LIABILITIES AND NET WORTH As of December 31, 1974 and _____________, 19______ (Required by Letter of Instruction No. 262) Name of Public Officer _________________ Position ________________ Address ________________________________________________________ Name and Address of Office _________________________________________ Civil Status ___________________ Name of Spouse ______________________ Unmarried Children below 21 years of age: Name Date of Birth 1. ____________________ ______________________ 2._____________________ ______________________ 3._____________________ ______________________ Tax Amnesty Availed of _____________________________________ (State Presidential Decree No. or Nos) Tax Amnesty File No. _______________________________________ ASSETS Nature Cost Personal Properties:___19__December 31, 1974 Increase/Decrease _______________________ P_________ P___________ P__________ Total P_________ P___________ P__________ Real Properties: _______________________ P_________ P__________ P__________ Total P_________ P__________ P__________ TOTAL ASSETS P_________ P__________ P__________ LIABILITIES Nature Amount _______________________ P_________ P___________ P__________ TOTAL LIABILITIES P_________ P___________ P__________ NET WORTH P_________ P___________ P__________ I hereby certify that this is a true comparative statement of my assets, liabilities and net worth as of December 31, 1974, and as of ________________________, 19 _____, which includes the assets, liabilities, and the net worth of my unmarried children below twenty-one years of age as of this date, as required by and in accordance with Letter of Instruction No. 262 dated March 31, 1975. cdt Date ___________________ _______________________ Signature of Public Officer Tax Account No. __________ Res. Cert. No. A-_________________ B _______________ Issued at ________________________ _______________ Date Issued ______________________ _______________ Subscribed and sworn to before me this ________ day of _______________________1975, affiant Exhibiting to me his/her Residence Tax Certificates as indicated above. cd ________________________ Person Administering Oath