Issuance of Certificate on Debt Service Ceiling (Regional Office)
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 | ||||
| 2 | Receives letter request by the Prov / City / Mun LCE together with documentary requirements | 3 minutes | Receiving Clerk | |||
| 3 | Records letter request in the log book and attach routing slip for Action Officer | 5 minutes | Receiving Clerk | |||
| 4 | Routes to Action Officer concerned | RD – ARD or duly authorized Officer | ||||
| 5 | Evaluates / reviews completeness of documentary requirements
|
2 hours
15 minutes 15 minutes |
SpLTE PLM / MGB / MBB | |||
| 6 | Forwards draft / final letter to RD or in her absence, to ARD for signature / approval | 10 minutes | RD – ARD | |||
| 7 | Records and releases documents | 10 minutes | AO IV LTD / HRMA EPM | |||
| 8 | Files | |||||
