Ordinance 8483-2002

AN ORDINANCE AUTHORIZING THE CITY TREASURER AND THE CITY ACCOUNTANT TO ADVANCE FROM THE GENERAL FUND THE PAYMENT FOR THE FIRST PARTIAL BILLING CORRESPONDING TO 25.52% ACCOMPLISHMENT OF THE PROJECT: JR BORJA EXTENSION (COMPLETION) ISSUED BY SCP CONSTRUCTION, PROJECT CONTRACTOR, PENDING RELEASE OF THE CITY'S LOAN WITH THE LANDBANK OF THE PHILIPPINES TO FUND THE PROJECT IN AMOUNT OF P20 MILLION; AND FOR THIS PURPOSE, APPROPRIATING AND/OR REVERTING, AS THE CASE MAY BE, SO MUCH AMOUNT FROM ANY AVAILABLE SOURCES OF FUNDS AS CERTIFIED TO BY THE LOCAL FINANCE COMMITTEE TO BE MADE AVAILABLE THEREFOR, SUBJECT TO REPLENISHMENT FROM THE PROCEEDS OF THE SAID LOAN, IN ACCORDANCE WITH ACCOUNTING AND AUDITING RULES AND REGULATIONS

LGU: Cagayan de Oro City (City)
Topic: Finance, Budget and Appropriations
Committee: Finance, Budget & Appropriations [2007-2009]
Status: Approved
Filed: November 04, 2002

Summary

PAYMENT FOR THE FIRST PARTIAL BILLING CORRESPONDING TO 25.52% ACCOMPLISHMENT OF THE PROJECT

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