C.A. No. 78

An Act Transferring to the Secretary of Finance the Powers and Supervision Heretofore Exercised by the Secretary of the Interior Over the Financial Affairs and Financial Agencies of Provincial, Municipal and City Governments

Commonwealth Act No. 78

Be it enacted by the National Assembly of the Philippines:

Section 1. The powers and administrative supervision heretofore exercised by the Secretary of the Interior over the assessment of real property, appropriation, and other financial affairs of provincial, municipal and city governments and over the offices of provincial, municipal and city treasurers and provincial and city assessors are hereby transferred to the Secretary of Finance.

Section 2. This Act shall take effect upon its approval.