Validity Period of Certificates of Maximum Borrowing Debt Service Capacities Issued to Local Government Units (LGUs)
BLGF Memorandum Circular No. 077-12 • Bureau of Local Government Finance • Memorandum Circulars • Oct 10, 2012
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October 10, 2012 BLGF MEMORANDUM CIRCULAR NO. 077-12 TO : All Heads of Offices, Heads of Bureaus, Regional Directors and Other Offices Concerned SUBJECT : Validity Period of Certificates of Maximum Borrowing Debt Service Capacities Issued to Local Government Units (LGUs) For the information and guidance of all concerned, attached is a copy of Local Finance Circular No. 2-2012 from the Department of Finance dated October 5, 2012 regarding the above-captioned subject. The Central and Regional Directors of this Bureau are hereby instructed to take note of the above and disseminate the contents to all Bureau Staff, and concerned offices. Please be guided accordingly. (SGD.) ATTY. SALVADOR M. DEL CASTILLO OIC-Executive Director ATTACHMENT Bureau of Local Government Finance Department of Finance MEMORANDUM FOR : Honorable Cesar V. Purisima Secretary, Department of Finance THRU : Undersecretary Carlo A. Carag Revenue Operations and Legal Affairs Group, DOF SUBJECT : Validity Period of Certificates of Maximum Borrowing and Debt Service Capacities Issued to Local Government Units (LGUs) DATE : October 4, 2012 Transmitted herewith is a draft amendment to the Local Finance Circular No. 1-2012 prescribing validity period of one year from the date of issue the Certificates of Maximum Borrowing and Debt Service Capacities issued to Local Government Units (LGUs) in relation to their proposed borrowings. TcDIaA For your consideration and further instructions. (SGD.) SALVADOR M. DEL CASTILLO OIC-Executive Director DOF Local Finance Circular No. 002-12 October 5, 2012
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