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THE NAGA CITY COUNCIL

Sangguniang Panlungsod Ng Naga

8th Sangguniang Panlungsod (30 July 2004-30 June 2007)

ORDINANCE NO. 2007-018

AN ORDINANCE CONDONING ACCRUED INTEREST AND PENALTIES INCURRED BY BENEFICIARES OF THE NAGA CITY LIVELIHOD PROGRAM UNDER CERTAIN CONDITIONS UP TO THE PERIOD ENDING DECEMBER 2007

Category: Government; New Politics and People Empowerment
Principal Authors/Sponsors: Hon. Ma. Elizabeth Q. Lavadia
Enacted: July 30, 2007

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Summary/Additional Info:
Summary: Ordinance No. 2007-018 provides for the condonation (forgiveness) of accrued interest and penalties on delinquent loans granted under the Naga City Livelihood Program. This condonation covers accounts that were released by the City Planning and Development Office (CPDO) from 1990 to 1992, the Development Office for Livelihood, Employment, Cooperatives and Manpower (DOLECOM) from 1992 to 1998, and the Metro Naga Public Employment Service Office (Metro PESO) from 1998 to 2006.

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