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2016-10-002
Series of 2016
Section 2. Sources of Funds. The sources of funds for this Supplemental Budget in the
total amount of Fifteen Million Pesos (Php. 15,000,000.00) is from Receipts from Loans
and Borrowings – Fifteen Million Pesos (Php. 15,000,000.00) of this LGU as follows:
Section 3. Use of Funds. The amount of Fifteen Million Pesos (Php. 15,000,000.00) is
hereby appropriated for the Supplemental Budget No. 03 of Dingras, Ilocos Norte, as
follows:
Section 4. – Under Municipal Ordinance No. 2016-10-002, the Sangguniang Bayan had
authorized the proposed borrowing of the Municipality of Dingras with the Land Bank of
the Philippines in the amount of Fifteen Million Pesos (P15,000.000.00) to fund the
acquisition of various types of brand new heavy equipment;
Section 5. Effectivity. The provisions of this Ordinance shall take effect upon approval.