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t3uprtmt <!rourt of the ilJ,iUppintBmanila

CIHCULAR NO.

TO: ALL JUDGES AND CLERKS OF COURT OF TilE HEGIONAL 'HHALCOURTS. SHARI'A DISTRICT counTS, METHOPOLITAN TRIALCOURTS. MUNICIPAL TRIAL COUHTS IN CITIES, MUNICIPALTRIAL COURTS, MUNICIPAL CIRCUIT TRIAL COURTS ANDSHARI'A CInCUIT COURTS.

SUBJECT: COURT FIDUCIARY FUNDS.

The following guidelines and proc~dures for purpuses ofuniformity in the manner of" collections and d e p o s i t s archereby established:

(1) Depo s its of Fiduciary funds s ha lI be mad r: und c r .,savings account. A current account may also be m.i i u t.a i u o dprovided that a savings account 1['; also maintained wi thautomatic fund transfer arrangement.

(2) Deposits shall bewith its Clerk of Courtauthorized signatories.

in the nat:,~: <J!

th(~ Executivet h(~ Court.

Judge .]~;made

and

,(3) Th0 Cf or k or Cour t shall (H' the custodian of th~'Pas s bn0k t 0 he i s s u('d by the rlC'pus j tor y ban k a !Id ~~h~ [ !r epo r ..'t t o t he Ex e c u t i ve JU<.l&,e f or I(~rC~~ ~~rH~-;.~te trIJ1·C·' ',' ~·rTC·~.·~

. and the Presiding Judge for !lfTe:, MeTe and SCC. tll,' b;:uk' sname.', branch and sav i ng s Zc ur r e n t account numb o r . \('1'0": <.'0[,,:,-

of the pa s s book shall bc s ubmitt.e d to tilt' Fi:::'.'al ,\ndi!Di vis i on.

(1) Withdr,ctwal slips shall be s i g ned by the E~;,:(:ntivf'/Pr e s id i ug Judge and countersigned uy the Clf'l'L of ('OI11't_.

(2) No w it.nd r-awa l s . e xc e p t ,'J.S specifically p r-ov i d orl inthe immediately preceding paragraph, shall be allowed unle~~there is a lawful o rd er from the Co u rt that has .i u r i s d i c t io nover the subject matter involved.

(3)shall be1i ke w i s eCo u f"!. .

Wh':!tl maintaining .'l c u r re n t account.made by check. Signatories on thr

be the ~xecutivc/Presiding Judge and

w i t h d ra wa Lsr.: !,,' d-, S 11.'1 l 1

tt,,: Clerl: of

(4) All collections from b a i Lbo nd s , r c n t a I (kpt1~.;it~;,and other f'Ldu c i a r y c o Ll ecti o ns s ha l I be d cpo s i tr-rl w i t h intwenty four (24) hours by the C1e1"l. of court. conc er-ncd , uponr ec e ip t t.ncr eo r , with the Land Bauk of the Ph i Li pp in es ,

15) Ln t e r-e s t f~arnf'd on t h e s e d e p o s i ts a:H1 a u y I'o r fe i tc d

amounts shall a c c r u e to the gf~nend fund of the na t i oua lgov cr-nmc nt. Within two (2) we ck s a tt e r tho cnd o f N1Chquartet', t h e Clrn'k of Court s ha Ll w it hd r aw such i n t e r e s t an'!f o r-f c i t cd amounts andsha:ll r cra it th c s ame t o "he Na ti ona !Tr-ea s n r y und e r a s e p a r-a tc , r-em i t t.a nc c advice. d']plic.'lt.(~f.;(JPY t.hc r e o f to be I ur-n Ls hed t h e Chief Ac c o un t.an t of tltf:Suprcmc Court for rccord and control purpos~s.

ffd On l y o nr: d':positrH'Y klnt shall ur: m.ain ta i uc- ;...,!'Ithe ban., mu s t br: I'o rria Ll y infol"IIt,:~{Jhy '.h<:f.xl~elJti'}('/P('csi(ling Judge .'\~.; 1.0 who 31'C t h e .'\l1tIHJr·i7.r:·(~signatories to t!H~ withdrawal slips a ud that ("':(~"Ywithdl',nv~l s l ip mus t be a c c ornp a n i e d hy a COIU" Of'ftf~l'

au t ho r iz ing the w i t hd r awa I of the amount ind i.o a t cd t h e r ea t .

(7. Except in i n s t a nc e s specifically mentioned in t h eimmediately succeeding paragraph. all fiduciary cullections.c ur r cu t Iy d epo s i ted with the local t r-e a s u r-e r s y a ud other

·depositori(~s shall tie w i thd r awn t hc r e f'r-om and dpp(J~;il.I;:d withthe s av i ng s Zcu r r en t. ac c oun t s maiu ta i ned by the CfJU1't ff),"these collections,

(8 )Land nanl~i1t:'positcdMun i (~i pal

In Lo c a I i ties where there a r e no b r-a nc lre s of t h eof the Philippines, f i d uc iary co Ll o ct i on s shall lH'hy the Cf e r'k of Court wi t h the Pr o v inc i uL, Ci ty Ot'

Treasurer,

( 9 ) Wit h i n two ( :2 ) wo f~ k s aft I)r. tIt o e n r.1 I) f :~a c hquu r t o r , all Cl e r k s . of Cour-t are h e r o hy r oq uI t'ed to s ubm i {-to the Chief Ac co un t an t of t ho Sup r ome Court, copy I'u r-n is hc dthe Off I c c of t h o Court Admi n i s t.r-a t or , a qun r t.o r f y r('IHH"

"indicating t h e outstanding ba l an c c rna i n t ai n cd with thedeposi t o r y bank 01' local treasurer, and t h e d a t c , nature andamount of all d e p o s i t s a nd \.••·i t hd r awu I.s mnd o w i thin s u c hperiod,

C:irculars that are inconsi:.=;tcntherewi th art' co n s i d e r-e-dr evokcu .

This Circular shall take effect on No vomtvc r 1, 1995.

October 11, 1995.

ECP/AASbelh

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