Ordinance 13861-2020

AN ORDINANCE AUTHORIZING THE CITY TREASURER TO OPEN TWO (2) TRUST FUND ACCOUNTS FOR THE DOWNLOADING OF THE REMITTANCES BY THE CAGAYAN DE ORO ELECTRIC POWER AND LIGHT COMPANY (CEPALCO) TO THE CITY GOVERNMENT OF CAGAYAN DE ORO, REPRESENTING THE SHARE FOR FINANCIAL BENEFIT OF ITS TOTAL ELECTRICITY SALES, PURSUANT TO DEPARTMENT CIRCULAR NO. DC2018-08-0021, RULE 29 (A) OF THE IMPLEMENTING RULES AND REGULATIONS OF REPUBLIC ACT NO. 9136, OTHERWISE KNOWN AS THE "ELECTRIC POWER INDUSTRY REFORM ACT OF 2001", AND DOE CIRCULAR NO. DC2020-04-00080, "RATIONALIZING THE UTILIZATION OF ER 1-94 FUNDS BY HOST LGU IN RESPONSE TO COVID-19 PUBLIC HEALTH EMERGENCY"

LGU: Cagayan de Oro City (City)
Topic: Finance, Budget and Appropriations
Committee: Finance, Budget & Appropriations [2019-2022]
Status: Approved
Filed: April 27, 2020

Summary

TRUST FUND ACCOUNT, CEPALCO, REMITTANCE, COVID-19, PUBLIC HEALTH EMERGENCY

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