Pasay City – The Bureau of Local Government Finance (BLGF) Package 3 team, led by the Department of Finance (DOF) Revenue Generation and Local Finance Group (RGLFG) OIC Undersecretary Dakila Elteen M. Napao, DOF Fiscal Policy and Monitoring Group (FPMG) Undersecretary Marie Cielo D. Magno, and BLGF OIC Executive Director Ma. Pamela P. Quizon, discussed the proposed amendments and comments on the Real Property Valuation and Assessment (RPVAR) bill, at the 2nd TWG Meeting of the Committee of Ways and Means joint with the Committee on Local Government, on 23 March 2023, at the Senator G.T. Pecson Room 2nd Floor Right Wing Senate, in Pasay City.
In the said meeting, Senator Sherwin Gatchalian, chairperson of the Committee on Ways and Means, led the discussion on the pertinent sections of the bill, namely, Establishment of the Real Property Valuation Service (Sec. 05), Supervisory Role of the BLGF Executive Director over the Real Property Valuation Service (Sec. 06), Creation of Central Consultative Committee (Sec. 07), The Regional Consultative Committee (Sec. 09), Function of the Regional Consultative Committee (Sec. 10), and the Updating of the Schedule of Market Values (Sec. 18).
The 3rd TWG meeting of the Committee on Ways and Means, joint with the Committees on Local Government and Finance for the RPVAR bill is scheduled on 29 March 2023.