AN ORDINANCE INDEFINITELY SUSPENDING THE REFLECTIVITY OF ORDINANCE NO. 2013-053 (ESTABLISHING THE NAGA RIVER REHABILITATION AND DEVELOPMENT FUND) MAKING AVAILABLE FOR APPROPRIATION TO OTHER URGENT USES THE BALANCES UNDER THE CURRENT YEARโS NAGA RIVER REHABILITATION PROJECT FUND AND THE TRUST FUND ACCUMULATED FROM PRIOR YEARS INTENDED FOR THE SAME PURPOSE
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Summary: Ordinance No. 2020-083, enacted on September 4, 2020, indefinitely suspends the effectivity of Ordinance No. 2013-053, which originally established the Naga River Rehabilitation and Development Fund. The core purpose of this new ordinance is to make the balances from the current year’s Naga River Rehabilitation Project Fund and the accumulated Trust Fund from prior years available for appropriation to other urgent uses. This indicates a strategic reallocation of funds, likely in response to pressing needs or emergencies (e.g., the COVID-19 pandemic), allowing the city government to redirect these resources to more immediate priorities.
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