mdfp.pdf - ver 1.0 July 2019 LOAN TERMS AND CONDITIONS LGU INCOME CLASS Categories HUCs\/Cities\/Provinces Municipalities 1st-3rd Public Economic

mdfp.pdf - ver 1.0 July 2019 LOAN TERMS AND CONDITIONS LGU...

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T HE E XECUTIVE D IRECTOR Municipal Development Fund Office Department of Finance 4th Floor, Palacio del Gobernador Building Gen. Luna Street, Intramuros, Manila 1002 Mobile Nos.: Smart (0920) 967-4811 Globe (0917) 633-1173; (0917) 541-7174 Sun (0925) 542-3932 Email: [email protected] Website: 1. Letter of Intent duly signed by the Local Chief Executive; 2. Sangguniang Resolution affirming the interest of the LGU to apply, negotiate and borrow funds from the DOF-MDFO for the implementation of the subproject; 3. Feasibility Study/Project Proposal; 4. Commitment Letter; and 5. Certificate of Net Debt Service and Borrowing Capacity issued by the Bureau of Local Government Finance (BLGF). A PPLICATION R EQUIREMENTS Department of Finance MUNICIPAL DEVELOPMENT FUND OFFICE Categories LGU INCOME CLASS HUCs/Cities/Provinces/ Municipalities Cities/Provinces/ Municipalities 1 st -3 rd 4 th -5 th 6 th Public Economic Enterprise/Revenue Generating 4.5% 4.0% 3.75% Social and Environmental 4.25% Solid Waste Management, Sewerage and Sanitation Facilities For more information, please write or call: REPAYMENT PERIOD: 1. Infrastructure Projects 15 years inclusive of 3-year grace
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