RESOLUTION STRONGLY SUPPORTING AND ENDORSING SENATE BILL NO. 272 AUTHORED BY SENATOR SERGIO OSMENA III WHICH SEEKS TO ESTABLISH AND ACT INCREASING THE INTERNAL REVENUE ALLOTMENT OF LOCAL GOVENMENT UNITS, PROVIDING FOR ITS EQUITABLE DISTRIBUTION, AUTHORIZING ITS AUTOMATIC RETENTION BY THE LGU, AMENDING FOR THE PURPOSE SECTION 284, 285 AND 286 OF REPUBLIC ACT NO. 7160, OTHERWISE KNOWN AS THE LOCAL GOVENMENT CODE OF 1991 AND FOR OTHER PURPOSES
