Issuance of Certificate on Debt Service Ceiling (PLANS Division)

The issuance of Certificate on Debt Service Capacity of the LGUs is in conjunction with the Bureau’s LGU Debt Service Certification System , which determines the maximum amount an LGU can allocate for debt service. LGUs are issued certifications for their borrowing and debt service capacities as a requirement for sub loan projects.

The procedure below defines the steps to be undertaken in the issuance of Certificate on Debt Service Ceiling (Borrowing Capacity) of LGUs

Availability of Service: Monday to Friday from 8:00AM to 5:00 PM except on holidays.

Clientele         : Local Government Units, GFIs

How to Avail of the Service:
STEP Customer / Client Service Provider (Offices / Units of BLGF) Duration of Activity (Under Normal Circumstances) Division / Person In-Charge Fees Form / Document
1 Submits Request for Debt Service Ceiling / Borrowing Capacity 20 minutes None Pls. refer to attachment
2 Records incoming communication / request 10 minutes Loan Examiner II None Logbook
3 Routes communication / letter to concerned division / unit (PLANS Division) 20 minutes Loan Examiner II None Logbook
4 Receives the communication / request and affix initials / signature in the logbook 5 minutes Concerned Staff / Action Officer (PLANS Division) None Logbook / Communication Request
5 Evaluate Documents submitted. If documents submitted are complete:

  • Compute Debt Service Ceiling or Borrowing Capacity
  • Prepare Certification of Debt Service Ceiling / Borrowing Capacity
 Within 3 days1 day

 

 Action OfficerAction Officer

 

 NoneNone

 

 Certificate Of Debt Service Ceiling / Borrowing Capacity
If documents submitted are incomplete

  • Write Local Chief Executive (LCE) re: lacking documents
  • When the documents are completed , perform Step 5
 Within 2 days Action Officer None Letter to LCE re: lacking Documents
6 Review Certificate of Debt Service and affix initials if found correct, otherwise, return to Action Officer and repeat Step 5 1 hour Division Chief None Certificate of Debt Service with initials of Division Chief
7 Review Certificate of Debt Service and affix initials if found correct, otherwise, return to Action Officer and repeat Step 5 and 6 1 hour Service Director None Certificate of Debt Service with initials of Division Chief and Service Director
Review Certificate of Debt Service and sign if found correct, otherwise, return to Action Officer and repeat Step 5 and 6 1 hour Deputy Executive Director for Operations None Certificate of Debt Service signed by Deputy Executive Director for Operations
Records and release Certificate 20 minutes Loan Examiner II None Certificate of Debt Service Ceiling / Borrowing Capacity
END of TRANSACTION