SENATE BILL

JUL
21
2016

SBN-844: Special Mass Transit System Support Fund

An Act Creating The Special Mass Transit System Support Fund, Reallocating The Disposition Of Monies Collected From The Motor Vehicle User’s Charge, Amending For The Purpose Sections 7 And 8 Of Republic Act No. 8794, Otherwise Known As The “Motor Vehicle User’s Charge Act Of 2000”

  • The bill aims to optimize the use of the MVUC Fund by allocating a portion of the collection to the construction, improvement and rehabilitation of our mass transit system.
  • It creates a new fund to be known as the Special Mass Transit System Support Fund
  • The bill repeals the 5% Special Road Safety Fund and the 7.5% Special Vehicle Pollution Control Fund.
  • The new formula shall be:
    • 25% Special Road Support Fund currently at 80%
    • 25% Special Local Road Fund currently at 5%
    • 50% Special Mass Transit System Support Fund

 

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