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THE NAGA CITY COUNCIL

Sangguniang Panlungsod Ng Naga

6th Sangguniang Panlungsod (30 June 1998 – 30 June 2001)

ORDINANCE NO. 2000-091

AN ORDINANCE GRANTING AN INCENTIVE TO EARLY OR ON-TIME PAYMENT OF THE MONTHLY AMORTIZATION DUE FROM THE BENEFICIARIES TO THE URBAN POOR HOUSING AND RESETTLEMENT PROGRAM OF THE CITY OF NAGA BY AUTHORIZING A TWO-PERCENT (2%) DISCOUNT THEREON

Category: Urban Development and Socialized Housing and Environment and Land Use
Principal Authors/Sponsors: Hon. Mila S.D. Raquid-Arroyo / Hon. Julian C. Lavadia, Jr.
Enacted: December 20, 2000

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Summary/Additional Info:
Summary: This ordinance grants an incentive to beneficiaries of the Urban Poor Housing and Resettlement Program of Naga City for early or on-time payment of their monthly amortizations. A two percent (2%) discount is authorized for payments made on or before their due dates.

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