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THE NAGA CITY COUNCIL

Sangguniang Panlungsod Ng Naga

12th Sangguniang Panlungsod (1 July 2016 – 30 June 2019)

ORDINANCE NO. 2017-099

AN ORDINANCE CONDONING THE INTEREST UNTIL AUGUST 2018 ONLY ON LOANS AVAILED OF BY CORN FARMERS DURING THE IMMEDIATE PAST PLANTING SEASON

Category: Agriculture; Business Trade and Industry and Government Revenues; Fees and Taxes
Principal Authors/Sponsors: Hon. Cecilia Veluz-De Asis / Hon. Gregorio R. Abonal / Hon. Vidal P. Castillo
Enacted: December 12, 2017

Download ordinance here

Summary/Additional Info:
Summary: This ordinance grants a condonation (waiver) of interest on loans that were taken out by corn farmers during the immediate past planting season. The interest condonation is valid only until August 2018.  

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