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LGU Template A Sample LCE Letter of Application

This letter requests a Certificate of Net Debt Service Ceiling and Borrowing Capacity from the Bureau of Local Government Finance for a proposed loan from a financing institution. It provides details of the loan such as the purpose, term, and amount. It also lists the required documents that are attached to facilitate the request in accordance with Department of Finance regulations, including a certification of existing loans from the Local Treasurer and audit reports from the Commission on Audit. The letter is signed by the Local Chief Executive.

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408 views

LGU Template A Sample LCE Letter of Application

This letter requests a Certificate of Net Debt Service Ceiling and Borrowing Capacity from the Bureau of Local Government Finance for a proposed loan from a financing institution. It provides details of the loan such as the purpose, term, and amount. It also lists the required documents that are attached to facilitate the request in accordance with Department of Finance regulations, including a certification of existing loans from the Local Treasurer and audit reports from the Commission on Audit. The letter is signed by the Local Chief Executive.

Uploaded by

John Michael
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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LGU Template A

Sample LCE Letter of Application

Date

OIC EXECUTIVE DIRECTOR NIÑO RAYMOND B. ALVINA


Bureau of Local Government Finance
Department of Finance
8th floor, EDPC Bldg., BSP Complex,
Roxas Blvd., Malate, Manila

Thru: ____(Name of Regional Director)________


____(Address of BLGF-Regional Office)__

Dear Director ALVINA:

Relative to the loan application of the (Name of LGU)__, with the (Name of Financing
Institution), may we request for the issuance of Certificate of Net Debt Service Ceiling
and Borrowing Capacity from that Office, with the following information provided for your
reference/consideration:

Credit Facility
Term of Loan Amount of Loan
(Specific Purpose of Loan)
 Indicate the purpose of  Indicate the number of  Indicate the amount of
the loan (state what years to pay including proposed loan
exactly it is in the grace period and the
approved Resolution) interest rate
Add rows for other additional information as may be necessary

Attached are the documents required to facilitate our request in compliance with DOF
DO No. 054.2016, dated 25 October 2016, to wit:

1. Certification by the Local Treasurer of presence or absence of loan/loans duly


certified by the Local Treasurer;
2. Commission on Audit (COA) Annual Audit Certificate for the most recent year,
which supported by the year-end financial reports for the past three (3) years;
3. Certification issued by the lending institution stating that it shall not require LGU
deposits as compensating balance for the loan;

Thank you.

Very truly yours,

____________________________
Name and Signature
Title of LCE

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