Ordinance 11033-2008

AN ORDINANCE APPROPRIATING THE SUM OF P95 MILLION OR SO MUCH AMOUNT THEREOF FROM THE PROCEEDS OF THE LOAN FROM THE PHILIPPINE VETERANS BANK (PVB) TO BE MADE AVAILABLE FOR THE ACQUISITION OF THE HEREIN LISTED ROAD CONSTRUCTION AND MAINTENANCE EQUIPMENTS; AUTHORIZING THE PURCHASE THEREOF PURSUANT TO ORDINANCE NO. 11026-2008, ORDINANCE NO. 10807-2007, AS AMENDED BY ORDINANCE NO. 10870-2007, RESOLUTION NO. 9034-2008 AND RESOLUTION NO. 8788-2007; authorizing the city Mayor to open a letter of credit with an authorized bank and sign documents relative thereto; AND furthermore AUTHORIZING THE INCLUSION THEREOF IN SUPPLEMENTAL BUDGET NO. 1 FOR CY 2008 OF THE GENERAL FUND AN ORDINANCE APPROPRIATING THE SUM OF P27,994,646.80 OR SO MUCH AMOUNT THEREOF FROM THE PROCEEDS OF THE LOAN FROM THE PHILIPPINE VETERANS BANK (PVB) TO BE MADE AVAILABLE FOR THE CONSTRUCTION OF THE PROPOSED LEGISLATIVE BUILDING, PURSUANT TO ORDINANCE NO. 11026-2008, ORDINANCE NO. 10807-2007, AS AMENDED BY ORDINANCE NO. 10870-2007, AND AUTHORIZING THE INCLUSION THEREOF IN SUPPLEMENTAL BUDGET NO. 1 FOR CY 2008 OF THE GENERAL FUND

LGU: Cagayan de Oro City (City)
Topic: Finance, Budget and Appropriations
Committee: Finance, Budget & Appropriations [2016-2019] Finance, Budget & Appropriations [2019-2022]
Status: Approved
Filed: June 10, 2008

Summary

INCLUSION THEREOF IN SUPPLEMENTAL BUDGET NO. 1 FOR CY 2008 OF THE GENERAL FUND

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