Tuesday, May 7, 2013

BANNING PERIOD oN SPENDING oF FUNDS, STRICTLY IMPLEMENTED


In accordance to Comelec’s Resolution No. 9385 or banning period on spending funds of the Local Government Unit (LGU), the releasing of funds for the projects of the municipality of Malay has been strictly implemented.

The Malay Treasurer’s Office implemented the banning period on March 29, 2013 for projects which have not undergone bidding, and projects which have not been awarded to the winning bidder.

In an interview with Malay Municipal Treasurer, Didiosa Dioso, he said funds for financial assistance are also not being released unless it is for those who need financial assistance for the passing away of a person.

Comelec aims to avoid the funds of the municipality being embezzled, and to make sure the fund of the LGU will not be spent on election campaign of the incumbent candidate.

The banning period is implemented by the Commission when election is near, and for the current year the ban will end on the 13th of May.

No comments: