COMMISSION ON AUDIT CIRCULAR NO. 92-386 October 20, 1992 TO : Local Chief Executives, General Services Officers, Local Treasurers, Budget Officers, Accountants, Sanggunian Members, Provincial, City and Municipal Auditors, and All Others Concerned. SUBJECT: Prescribing Rules and Regulations on Supply and Property Management in the Local Governments. Pursuant to the provisions of Section 383, Title VI, Book II, of Republic Act No. 7160, otherwise known as the Local Government Code of 1991, the herein set of rules and regulations on supply and property management in local government units are hereby promulgated. These rules and regulations shall take effect immediately. (SGD.) EUFEMIO C. DOMINGO, Chairman