AN ORDINANCE APPROVING THE REVERSION OF FUNDS OF THE 20% IRA FUND AS APPROVED BY THE MUNICIPAL DEVELOPMENT COUNCIL FOR CALENDAR YEAR, 1990.

(Sponsored by: Hon. Vice Mayor Mayor Gabino C. Redulla)

BE IT ORDAINED, by the Sangguniang Bayan of Maribojoc, Bohol, that:

SECTION 1: That the Municipal Development Council has approved a
resolution reverting the amount of P20,000.00 from the 20% IRA fund intended for Sports Development into P15,000.00 for the construction of a garage of Patrol Jeep of the INP and Ambulance Car and P5,000.00 for the improvement of SB Session Hall and Municipal Treasurer’s Office.

SECTION 2: That the amount of P1,938.00 from the reserved fund be also
reverted for the maintenance of Peace and Order.

SECTION 3: That after weighing and careful study, the SB Members decided to
approve the recommendation of the Municipal Development Council to revert the amount in order to solved a pressing problem.

SECTION 4: That this ordinance takes effect upon approval.

After due deliberation.

Approved: November 20, 1990

Let copies be furnished, the MPDC, the Municipal Treasurer for guidance and implementation.

Unanimously adopted.

CERTIFIED CORRECT:

ATTY. JOSE E. VELOSO
Presiding Officer

ATTESTED:

ALBERTO E. ARANGOSO
MGADH-I

APPROVED:

ATTY. JOSE E. VELOSO
Municipal Mayor I