71 OG No. 16, 2225 (April 21, 1975)

[ PRESIDENTIAL DECREE NO. 677, March 31, 1975 ]

AMENDING SECTION 7 OF REPUBLIC ACT NO. 3019, AS AMENDED, OTHERWISE KNOWN AS THE ANTI-GRAFT AND CORRUPT PRACTICES ACT.

WHEREAS, the program of reform in the Government under the
New Society has been endorsed overwhelmingly by the people in the
referendum held on February 27, 1975; and

WHEREAS, as a continuing instrument of the reform program
and in consonance with the dictum that the life of a public officer is
an open book and subject to scrutiny, all government officials and
employees must account at frequent intervals their financial position in
order that they will be beyond suspicion and reproach.

NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the
Philippines, by virtue of the powers in me vested by the Constitution do
hereby decree and order that—

SECTION 1. Section 7 of Republic Act No. 3019,
as amended, is further amended to read as follows:

"SEC. 7. Statement of assets and liabilities.—Every
public officer, within thirty days after assuming office, and within
the month of January of every year thereafter, as well as upon the
expiration of his term of office, or upon his resignation or separation
from office, shall prepare and file 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, a true detailed
and sworn statement of assets and liabilities, including a statement of
the amounts and sources of his income, the amounts of his personal and
family expenses and the amount of income taxes paid for the next
preceding calendar year; Provided, That public officers assuming office
less than two months before the end of the calendar year, may file their
first statement, on the following month of January."

SEC. 2. The provision of this Decree shall take effect
beginning January, 1976, for the statement pertaining to the
calendar year 1975.

Done in the City of Manila, this 31st day of March, in the
year of Our Lord, nineteen hundred and seventy-five.

Source: Supreme Court E-Library