QC told: Get P316-M ‘green fund’ - News Summed Up

QC told: Get P316-M ‘green fund’


SP-2140, or the Plastic Bag Reduction Ordinance which instituted the Plastic Recovery System Fee (PRSF) that earmarked a “green fund,” supposedly for pro-environment programs in the city. SP-2350, or the Quezon City Environment Code that was implemented in 2014. Under the PRSF, supermarkets, department stores, grocery stores, fast-food chains and pharmacies charged P2 per plastic bag sold to customers. Public fundBut in January, a COA Commission Proper (CP) ruled that the green fund was a public fund that must be subjected to audit by the agency and city officials. “The green fund, having been acquired through police power of the city government, is a public fund subject to COA’s audit jurisdiction,” it added.


Source: Philippine Daily Inquirer July 08, 2019 21:11 UTC



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