SP Resolutions & Ordinances
Ordinances
on
February 23, 2022
PROVINCIAL ORDINANCE NO. 16-83-02-2022 – AN ORDINANCE APPROVING AND RATIFYING THE TERMS AND CONDITIONS OF THE TERM LOAN AGREEMENT AND DEED OF ASSIGNMENT WITH HOLD-OUT, SIGNED AND ENTERED INTO, BY AND BETWEEN THE PROVINCE OF DAVAO ORIENTAL, REPRESENTED BY THE LOCAL CHIEF EXECUTIVE, HONORABLE GOVERNOR NELSON L. DAYANGHIRANG, AND THE DEVELOPMENT BANK OF THE PHILIPPINES (DBP), REPRESENTED BY ITS LENDING HEAD, MGR. AMELITA B. PINANDAY, WITH THE LOAN AMOUNT OF ONE BILLION NINE MILLION THREE HUNDRED NINETY THOUSAND PESOS (₱1,009,390,000.00) TO FINANCE VARIOUS DEVELOPMENT PROJECTS OF THE PROVINCE.