HB 1051

An Act Exempting from the Population and Land Area Requirements the Conversion of a Municipality into a Component City If It Has a Locally Generated Average Annual Income of at Least Two Hundred Fifty Million Pesos (P250,000,000.00) and Adopting Ira Portability for Every Subsequent Conversion of a Municipality into a City, Amending for Such Purpose Section 450 of Republic Act No. 7160, Otherwise Known as the Local Government Code of 1991