RESOLUTION EXPRESSING THE INTENTION OF THE CITY GOVERNMENT OF NAGA TO REACTIVATE A DORMANT BANK ACCOUNT MAINTAINED WITH THE LAND BANK OF THE
PHILIPPINES-NAGA BRANCH
The city is reactivating an old disaster trust fund account to stop paying inactivity fees and consolidate the money into a more active account.
Key Highlights:
Fiscal Goal: Preserving funds by discontinuing monthly dormancy fees.
Action: Balance will be transferred to the active LDRRMF Trust Fund Account at the DBP.