1. The document discusses the role and legal basis of local governments in the Philippines according to Republic Act 7160, also known as the Local Government Code of 1991. 2. It outlines the major principles of decentralization like devolution, deconcentration, and debureaucratization. It also summarizes the basic services and regulatory powers transferred to local government units. 3. The Local Government Code aims to empower local units and enhance participation. It increases their financial resources and encourages entrepreneurship. However, implementation faces challenges like limited finances, personnel issues, and lack of expertise.