House panel okays LGC amendment:
‘Town earning P220M could
become a city’
The House of Representatives has approved on third and final reading a bill that will allow a town to be converted into a component city if it has a locally-generated average annual income of at least P220-million, but exempting it from the population and land area requirements.
House Bill 5620, a substitution of HB 4990 of Reps. George Arnaiz (Neg. Or., 2nd District), Rufus Rodriguez (Cagayan de Oro, 2nd District), Roy Loyola (Cavite, 5th District), and Erineo Maliksi (Cavite, 3rd District), seeks to amend Republic Act 7160 or the Local Government Code of 1991, providing a mechanism for high income towns.