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Availment of such resources is effectuated through the vesting in every local government unit of :
(1) the right to create and broaden its own source of revenue;
(2) the right to be allocated a just share in national taxes, such share being in the form of internal revenue allotments (IRAs); and
(3) the right to be given its equitable share in the proceeds of the utilization and development of the national wealth, if any, within its territorial boundaries.