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Present:
Hon. Eduardo M. Duque ------------------ Member
Acting Presiding Officer
1st District
Hon. Jose Remos P. Segura ------------------ Member
Hon. Joseph Leo E. Recinto ------------------ Member
Hon. Cyrus E. Torrea ------------------ Member
Hon. Alfonso S. Demasuay ------------------ Member
2nd District
Hon. Joseph M. Ortiz -------------------------- Member
Hon. Linda L. Latog --- ---------------------- Member
Hon. Rene C. De Manuel, Sr. --------------------- Member
Hon. NeserNesthurRay H. Gumana - - - - - - - - - - - - - - - - - - - Member
Ex-Officio Members
Hon. Amil A. Pangansayan (PCL) ------ ------------ Member
Hon. Bevelyn K, Zapanta (IPMR) ------ ------------ Member
Absent:
Hon. Raden C. Sakaluran, Al Haj (O.T.) - - - - - - - - - - - Vice Governor
Hon. Cesar L. Fornan ------------------ Member
Hon. Expedito F. Faderan (LnB) ------------- Member
WHEREAS, the Provincial Government of Sultan Kudarat has applied for Term Loans
amounting to SEVEN HUNDRED FIFTY MILLION PESOS (750,000,000.00) to fund the
several infrastructure and development projects, to wit:
1. Construction of New Provincial Hospital Building 400,000,000.00
2. Acquisition of Medical Equipment 200,000,000.00
3. Construction of Medical Staff Dormitory 10,000,000.00
4. Construction of Grandstand, Rubberized Oval, Bleachers and Olympic Size
Swimming Pool 70,000,000.00
5. Acquisition of Provincial Gym Air-Conditioning Facilities 70,000,000.00
WHEREAS, as indicated in the Notice of Loan Approval (NOLA), the repayment for
applied Term Loans for its Principal payable in forty (40) equal quarterly amortization and aits
Interest payable in arrears to start at the end of the first quarter from date of initial loan release
subject however to the acceptance of the following terms and conditions offered under the term
loans packages;
WHEREFORE, upon motion of Hon. Joseph m. Ortiz, duly seconded by Hon. Joseph
Leo E. Recinto, it was-
RESOLVED FURTHER, to authorize the Local Chief Executive, Hon. Sultan Pax S.
Mangudadatu, Al Haj to sign all documents pertaining to the loan amounting to SEVEN
HUNDRED FIFTY MILLION PESOS (750,000,000.00) in behalf of the Provincial
Government of Sultan Kudarat.
UNANIMOUSLY APPROVED.
June 13, 2017
JIMMY C. ANDANG
Secretary to the S.P.
ATTESTED:
EDUARDO M. DUQUE
SP Member
Acting Presiding Officer