Ordinance 8420-2002

AN ORDINANCE authorizing the City Mayor to negotiate with the Land Bank of the Philippines (LBP) and the Development Bank of the Philippines (DBP) that the City’s monthly share of the Internal Revenue Allotment (IRA) equivalent to 20% being withheld by the National Government be applied as payment to its loan amortization with the said banks for the months of October, November and December 2002

LGU: Cagayan de Oro City (City)
Topic: Ways and Means
Committee: Ways & Means [2019-2022]
Status: Approved
Filed: September 30, 2002

Summary

Payment to its loan amortization with the said banks

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