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
|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|