The document discusses the Yolanda Project, a $2 billion project formulated by Prof. Del Dimapunong and Global Capital for providing soft loans to local government units affected by Typhoon Yolanda. The project will partner with a locally registered bank to channel foreign funding and a law office in Tagig City to ensure compliance with Philippine laws on foreign financing for local projects. It will also partner with contractors, lawyers and accountants. The project is based on provisions of the Local Government Code that allow local governments to take out loans and avail of credit facilities for infrastructure and socio-economic development projects.
USDA Home Loan - Announces Monthly Mortgage InsuranceJeremiah Wean
USDA Home Loan announced that starting 10-1-2011 they will start charging monthly mortgage insurance. The good news is that they will be reducing the amount of the upfront guarantee fee. I've created an Excel calculator that illustrates the difference go to http://www.jeremiahwean.com to find out more.
Current affairs monthly magzine december vajiramVajiram Ravi
Vajiram & Ravi has introduced a new monthly current affairs magazine called ‘The Recitals’, which approaches current affairs through question and answers. ‘The Recitals’ deciphers current affairs in different section necessary for Prelims Current Affairs through Multiple Choice Questions (MCQs), Mains Current Affairs Question & Answers and Interview Current Affairs. The current affairs magazine does not merely provide information, but focuses on the analysis on current issues necessary for the exam.
This document is quite lengthy, 224 pages. Please take note of House Bill 2 (HB 2.) located on pages 206-207. It concerns the "Open Carry Law", referring to weapons.
Financing the 2030 SDGs with Community Development Bonds sola bickerstethSola Bickersteth
Community Development ( CD ) Bonds are proposed to raise finance directly from local citizens through the capital market and to be invested in major infrastructure projects especially those aligned to achieving the SDGs..
The proposed CID Bonds provides for a mechanism for sharing public sector risk with private sector reward as well as a sustainable model for financing community development.
This article sets out the basic framework for issuing Community Development ( CD) Bonds and provides answers to the various components of a successful implementation in Nigeria
Addressing poverty with community developement bonds sola bickerstethSola Bickersteth
Poverty in our society can be substantially reduced by 1. creating Financial Inclusion Centers ( FIC) in local communities 2. Deploying professionally competent Financially Services Agents to operate the FIC 3. Building a bio-metric database and on boarding of the residents , properties and resources in the community 4. Conducting a community development stakeholder needs assessment 5. Negotiate tax breaks with the Local/state government 6. Issue a Community Development Bond on the local stock exchange 7. Implement a digital repayment system by all on boarded community stakeholders
USDA Home Loan - Announces Monthly Mortgage InsuranceJeremiah Wean
USDA Home Loan announced that starting 10-1-2011 they will start charging monthly mortgage insurance. The good news is that they will be reducing the amount of the upfront guarantee fee. I've created an Excel calculator that illustrates the difference go to http://www.jeremiahwean.com to find out more.
Current affairs monthly magzine december vajiramVajiram Ravi
Vajiram & Ravi has introduced a new monthly current affairs magazine called ‘The Recitals’, which approaches current affairs through question and answers. ‘The Recitals’ deciphers current affairs in different section necessary for Prelims Current Affairs through Multiple Choice Questions (MCQs), Mains Current Affairs Question & Answers and Interview Current Affairs. The current affairs magazine does not merely provide information, but focuses on the analysis on current issues necessary for the exam.
This document is quite lengthy, 224 pages. Please take note of House Bill 2 (HB 2.) located on pages 206-207. It concerns the "Open Carry Law", referring to weapons.
Financing the 2030 SDGs with Community Development Bonds sola bickerstethSola Bickersteth
Community Development ( CD ) Bonds are proposed to raise finance directly from local citizens through the capital market and to be invested in major infrastructure projects especially those aligned to achieving the SDGs..
The proposed CID Bonds provides for a mechanism for sharing public sector risk with private sector reward as well as a sustainable model for financing community development.
This article sets out the basic framework for issuing Community Development ( CD) Bonds and provides answers to the various components of a successful implementation in Nigeria
Addressing poverty with community developement bonds sola bickerstethSola Bickersteth
Poverty in our society can be substantially reduced by 1. creating Financial Inclusion Centers ( FIC) in local communities 2. Deploying professionally competent Financially Services Agents to operate the FIC 3. Building a bio-metric database and on boarding of the residents , properties and resources in the community 4. Conducting a community development stakeholder needs assessment 5. Negotiate tax breaks with the Local/state government 6. Issue a Community Development Bond on the local stock exchange 7. Implement a digital repayment system by all on boarded community stakeholders
This is the 2003 Document creating the Whitmore Lake DDA Tax Increment Financing district. It includes maps of the district and some highly improbable financial projections showing that the DDA would eventually capture over $50 Million in tax revenues. The infamous Territorial Road Bridge project plan (5 Lanes Minimum!) is incorporated as an appendix. That would have put Northfield Township taxpayers on the hook for $28 Million.
2. Elemental Economics - Mineral demand.pdfNeal Brewster
After this second you should be able to: Explain the main determinants of demand for any mineral product, and their relative importance; recognise and explain how demand for any product is likely to change with economic activity; recognise and explain the roles of technology and relative prices in influencing demand; be able to explain the differences between the rates of growth of demand for different products.
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the what's app number of my personal pi vendor to trade with.
+12349014282
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the what'sapp number.
+12349014282
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the what'sapp contact of my personal pi merchant to trade with.
+12349014282
STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...sameer shah
Delve into the world of STREETONOMICS, where a team of 7 enthusiasts embarks on a journey to understand unorganized markets. By engaging with a coffee street vendor and crafting questionnaires, this project uncovers valuable insights into consumer behavior and market dynamics in informal settings."
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the what'sapp information for my personal pi vendor.
+12349014282
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the what'sapp number of my personal pi merchant who i trade pi with.
Message: +12349014282 VIA Whatsapp.
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just what'sapp this number below. I sold about 3000 pi coins to him and he paid me immediately.
+12349014282
2. THE 2 BILLION $ YOLANDA PROJECT
FORMULATED BY PROF. DEL DIMAPUNONG
FOR GLOBAL CAPITAL FOR FOREIGN FUNDING
IN COLLABORATION WITH
CRENZ DEVELOPMENT CORPORATION FOR INFRA AND CONSTRUCTION
3. THE YOLANDA PATHWAY
The line that you see below was the path of Super Typhoon Yolanda that battered a hundred islands,
several provinces and cities otherwise known as local government units in the Philippines leaving
thousands of persons dead.
The Yolanda Evolution is a private project of the GLOBAL CAPITAL with a budget of two billion us dollars to be used
as soft loans to local government units based on the mandate and reassuring provisions of Republic Act No. 7160,
otherwise known as the local government code of 1991.
4. THE YOLANDA PROJECT
2B USD FOREIGN FUNDED SOFT LOAN OFFERINGS
FOR LOCAL GOVERNMENT UNITS
In the implementation of this Yolanda Project, we desire to partner with a locally registered bank as a
conduit with whom we can channel the foreign funding. We also need to partner with a law office that is
based in tagig city and well versed on Philippine laws on investments and foreign financing to local
projects. We also welcome Contractors, Lawyers and CPAS as partners.
THANK YOU
CONTACT US: globalcap@gmx.com
5. THE YOLANDA PROJECT
2B USD FOREIGN FUNDED SOFT LOAN OFFERINGS
FOR LOCAL GOVERNMENT UNITS
In the implementation of this Yolanda Project, we desire to partner with a locally registered bank as a
conduit with whom we can channel the foreign funding. We also need to partner with a law office that is
based in tagig city and well versed on Philippine laws on investments and foreign financing to local
projects. We also welcome Contractors, Lawyers and CPAS as partners.
THANK YOU
CONTACT US: globalcap@gmx.com
6. Office Address: Area D Blk. 21 Lot 1 Brgy. Dacon General Mariano Alvarez Cavite
Cell. # (632)4780565/09287819692/09276751076
Fax No: 632 478 0565
E-mail: crenz_devt@ yahoo.com
1. BUILDING WORKS – MEDIUM AND HIGH RISE BUILDING
COMMERCIAL, RESIDENCIAL AND
INDUSTRIAL FACTORY
2. CIVIL WORKS – ROADS, BRIDGES, CULVERT
3. ELECTRICAL WORK - STREET LIGHTS, ELECTRICAL SYSTEM
4. DEVELOPMENT – SUBDIVISION, MEMORIAL PARK, FARM-LOT
LEISURE PARK
5. OTHERS SPECIALIZATION- DESIGNED ENGINEERING WORKS
AND GENERAL ENGINEERING WORKS
5. OTHER SERVICES – BUYING AND HAULING OF SCRAP MATERIALS
7. TABLE OF CONTENTS
1.0
GENERAL INFORMATION
2.0
GOVERNMENT REGISTRATION
3.0
BOARD OF DIRECTORS
4.0
TECHNICAL AND KEY PERSONNEL
5.0
INSURANCE COMPANY
6.0
BANKING INSTITUTION
7.0
CONSULTANTS
8.0
LEGAL COUNSEL
9.0
LIST OF EQUIPMENTS
10.0
HEAVY EQUIPMENTS
11.0
LIST OF COMPLETED PROJECT
12.0
LIST OF ON-GOING PROJECT
8. RENATO G. AVENDAÑO
Blk 2 Lot 15 Casa De Monteverde Brgy. F. De Castro
General Mariano Alvarez, Cavite
Telefax No
: (02) 478-0565
Mobile No
: 0928781969/09276751076/09235547922
E-mail
: crenz_devt@yahoo.com
SKILLS SUMMARY:
Project Manager / Operations Manager with extensive experience in
management and construction development.
Excellent background in facility design, construction, scheduling and billing.
Designed and provided cost estimates for new project.
Project planning and implementation of the approved plans.
Sub-contractor / Developer / Property Management
Conceptualized property for development
Contractor: Land development
Terms: 70% cash – 30% off-setting
ACADEMIC BACKGROUND:
Tertiary
:
Central Colleges of the Philippines
Bachelor of Science in Civil Engineering
Sta. Mesa, Manila
March 1983
Secondary
:
Carmona Relocation Center High School
GMA, Cavite
March 1978
Primary
:
San Gabriel II Elementary School
GMA, Cavite
March 1974
Birth date
Marital Status
Dependent
Religion
:
:
:
:
December 24, 1960
Married
5
Roman Catholic
TIN No.
SSS No.
Driver’s License
Passport ID
:
:
:
:
103-301-587
03-6414957
D06-92-097925
XX1634121
PERSONAL DATA:
10. Overview
What is the local government code?
What is the structure of local
government in the Philippines?
What are the powers/responsibilities of
local governments?
What are some of the key provisions of
the code?
11. The Local Government Code
The Local Government Code of 1991
provides the overarching framework of
local governance in the Philippines
Key principles:
–Local autonomy
–Decentralization
–Accountability
–Participative governance
12. Structure of Local Governments
Local government units are created on
the basis of income, population and
land area
They may be divided, merged or
abolished due to the same criteria
Before any LGU is created, abolished,
divided or merged there is a plebiscite
requirement to fulfill
13. Structure of Local Governments
Province
–Land area of 200 km2
–Population of 200,000
–Annual Income of P20 Million
City
–Land area of 100 km2
–Population of 150,000
–Annual Income of P20 Million
14. Structure of Local Governments
Municipality
–Land area of 50 km2
–Population of 25,000
–Annual Income of P2.5 Million
Barangay
–Population of 2,000
–In highly urbanized areas, 5,000
15. Structure of Local Governments
PROVINCE
CITY
CITY
MUNICIPALITY
MUNICIPALITY
MUNICIPALITY
MUNICIPALITY
MUNICIPALITY
MUNICIPALITY
MUNICIPALITY
MUNICIPALITY
BARANGAY
BARANGAY
BARANGAY
BARANGAY
BARANGAY
BARANGAY
BARANGAY
BARANGAY
BARANGAY
BARANGAY
16. Local Officials
Local elected officials have three-year
terms (five for barangay officials)
Each elected official can have no more
than three consecutive terms
Local Chief Executives:
–Province = Governor
–City = Mayor
–Municipality = Mayor
–Barangay = Barangay Captain
17. Powers of LGUs
Strictly speaking, different LGUs have
different powers and responsibilities
These include:
–Agricultural support services
–Health services
–Social welfare
–Public works and facilities
–Environmental protection
–Research and development
18. Other Relevant Provisions
National supervision over LGUs is the
norm
LGUs have the power to enact
ordinances within their territory
LGUs may tax uniformly within their
territory
LGUs are entitled to a share in the
internal revenue allotment
19. THE LOCAL GOVERNMENT CODE
REPUBLIC ACT 7160
TITLE IV
CREDIT FINANCING TO LOCAL GOVERNMENT UNITS
SECTIONS 295 TO SECTIONS 303 OF RA7160
REVIEWED BY
ISLAMIC BANKING RESEARCH INSTITUTE
FOR GLOBAL CAPITAL MOVERS
AND FOR UNIVERSAL CAPITAL
FOR THEIR PROJECT
THE YOLANDA EVOLUTION
[PROVIDING LOANS TO LOCAL GOVERNMENT UNITS AFFECTED BY TYPHOON YOLANDA]
Section 295. Scope. - This Title shall govern the power of local government units to create indebtedness and
to enter into credit and other financial transactions.
Section 296. General Policy. (a) It shall be the basic policy that any local government unit may create indebtedness, and avail of credit
facilities to finance local infrastructure and other socio-economic development projects in accordance with
the approved local development plan and public investment program.
(b) A local government unit may avail of credit lines from government or private banks and lending
institutions for the purpose of stabilizing local finances.
Section 297. Loans, Credits, and Other Forms of Indebtedness of Local Government Units. (a) A local government unit may contract loans, credits, and other forms of indebtedness with any
government or domestic private bank and other lending institutions to finance the construction, installation,
improvement, expansion, operation, or maintenance of public facilities, infrastructure facilities, housing
projects, the acquisition of real property, and the implementation of other capital investment projects,
subject to such terms and conditions as may be agreed upon by the local government unit and the lender.
The proceeds from such transactions shall accrue directly to the local government unit concerned.
(b) A local government unit may likewise secure from any government bank and lending institution short,
medium and long-term loans and advances against security of real estate or other acceptable assets for the
establishment, development, or expansion of agricultural, industrial, commercial, house financing projects,
livelihood projects, and other economic enterprises.
(c) Government financial and other lending institutions are hereby authorized to grant loans, credits, and
other forms of indebtedness out of their loanable funds to local government units for purposes specified above.
Section 298. Deferred-Payment and other Financial Schemes. - Provincial, city and municipal governments
may
likewise acquire property, plant, machinery, equipment, and such necessary accessories under a supplier's
credit,deferred payment plan, or either financial scheme.
Section 299. Bonds and Other Long-Term Securities. - Subject to the rules and regulations of the Central Bank
and the Securities and Exchange Commission, provinces, cities, and municipalities are hereby authorized to
issue bonds, debentures, securities, collaterals, notes and other obligations to finance self-liquidating, income
producing development or livelihood projects pursuant to the priorities established in the approved local
development plan or the public investment program. The sanggunian concerned shall, through an ordinance
approved by a majority of all its members, declare and state the terms and conditions of the bonds and the
purpose for which the proposed indebtedness is to be incurred.
Section 300. Inter-Local Government Loans, Grants, and Subsidies. - Provinces, cities, and municipalities
may, upon approval of the majority of all members of the sanggunian concerned and in amounts not exceeding
their surplus funds, extend loans, grants, or subsidies to other local government units under such terms and
20. conditions as may be agreed upon by the contracting parties. Local government units may, upon approval of
their respective sanggunian, jointly or severally contract loans, Local government units may, upon approval of
their respective sanggunian, jointly or severally contract loans, credits, and other forms of indebtedness for
purposes mutually beneficial to them.
Section 301. Loans from Funds Secured by the National Government from Foreign Sources. (a) The President, or his duly authorized representative, may, through any government financial or other
lending institution, relend to any province, city, municipality, or barangay, the proceeds of loans contracted
with foreign financial institutions or other international funding agencies for the purpose of financing the
construction, installation, improvement, expansion, operation, or maintenance of public utilities and facilities,
infrastructure facilities, or housing projects, the acquisition of real property, and the implementation of other
capital investment projects, subject to such terms and conditions as may be agreed upon by the President
and the local government unit. The proceeds from such loans shall accrue directly to the local government
concerned.
(b) The President may likewise authorize the relending to local government units the proceeds of grants
secured from foreign sources, subject to the provisions of existing laws and the applicable grant
agreements. (c) Repayment or amortization of loans including accrued interest thereon, may be financed
partly from the income of the projects or services and from the regular income of the local government unit,
which must be provided for and appropriated regularly in its annual budget until the loan and the interest
thereon shall have been fully paid.
Section 302. Financing, Construction, Maintenance, Operation, and Management of Infrastructure Projects by
the Private Sector. (a) Local government units may enter into contracts with any duly prequalified individual contractor, for the
financing, construction, operation, and maintenance of any financially viable infrastructure facilities, under
the build-operate-transfer agreement, subject to the applicable provisions of Republic Act Numbered Sixtynine
hundred fifty-seven (R.A. No. 6957) authorizing the financing, construction, operation and maintenance
of infrastructure projects by the private sector and the rules and regulations issued thereunder and such
terms and conditions provided in this Section.
(b) Local government units shall include in their respective local development plans and public investment
programs priority projects that may be financed, constructed, operated and maintained by the private sector
under this Section. It shall be the duty of the local government unit concerned to disclose to the public all
projects eligible for financing under this Section, including official notification of duly registered contractors
and publications in newspapers of general or local circulation and in conspicuous and accessible public
places. Local projects under the build-operate-and-transfer agreement shall be confirmed by the local
development councils.
(c) Projects implemented under this Section shall be subject to the following terms and conditions:
(1) The provincial, city or municipal engineer, as the case may be, upon formal request in writing by
the local chief executive, shall prepare the plans and specifications for the proposed projects, which
shall be submitted to the sanggunian for approval.
(2) Upon approval by the sanggunian of the project plans and specifications, the provincial, city, or
municipal engineer shall, as the case may be, cause to be published once every week, for two (2)
consecutive weeks in at least one (1) local newspaper which is circulated in the region, province, city
or municipality in which the project is to be implemented, a notice inviting all duly qualified contractors
to participate in a public bidding for the projects so approved. The conduct of public bidding and
award of contracts for local government projects under this Section shall be in accordance with this
Code and other applicable laws, rules and regulations.
In the case of a build-operate-and-transfer agreement, the contract shall be awarded to the lowest
complying bidder whose offer is deemed most advantageous to the local government and based on
the present value of its proposed tolls, fees, rentals, and charges over a fixed term for the facility to
be constructed, operated, and maintained according to the prescribed minimum design and
performance standards, plans, and specifications. For this purpose, the winning contractor shall be
automatically granted by the local government unit concerned the franchise to operate and maintain
21. the facility, including the collection of tolls, fees, rentals, and charges in accordance with subsection
(c-4) hereof.
In the case of a build-operate-and-transfer agreement, the contract shall be awarded to the lowest
complying bidder based on the present value of its proposed schedule of amortization payments for
the facility to be constructed according to the prescribed minimum design and performance
standards, plans, and specifications.
(3) Any contractor who shall undertake the prosecution of any project under this Section shall post
the required bonds to protect the interest of the province, city, or municipality, in such amounts as
may be fixed by the sanggunian concerned and the provincial, city or municipal engineer shall not, as
the case may be, allow any contractor to initiate the prosecution of projects under this Section unless
such contractor presents proof or evidence that he has posted the required bond.
(4) The contractor shall be entitled to a reasonable return of its investment in accordance with its bid
proposal as accepted by the local government unit concerned.
In the case of a build-operate-and-transfer agreement, the repayment shall be made by authorizing
the contractor to charge and collect reasonable tolls, fees, rentals, and charges for the use of the
project facility not exceeding those proposed in the bid and incorporated in the contract: Provided,
That the local government unit concerned shall, based on reasonableness and equity, approve the
tolls, fees, rentals and charges: Provided, further, That the imposition and collection of tolls, fees,
rentals and charges shall be for a fixed period as proposed in the bid and incorporated in the contract
which shall in no case exceed fifty (50) years: Provided, finally, That during the lifetime of the
contract, the contractor shall undertake the necessary maintenance and repair of the facility in
accordance with standards prescribed in the bidding documents and in the contract.
In the case of a build-operate-and-transfer agreement, the repayment shall be made through
amortization payments in accordance with the schedule proposed in the bid and incorporated in the
contract.
In case of land reclamation or construction of industrial estates, the repayment plan may consist of
the grant of a portion or percentage of the reclaimed land or the industrial estate constructed.
(5) Every infrastructure project undertaken under this Section shall be constructed, operated, and
maintained by the contractor under the technical supervision of the local government unit and in
accordance with the plans, specifications, standards, and costs approved by it.
(d) The provincial, city, or municipal legal officer shall, as the case may be, review the contracts executed
pursuant to this Section to determine their legality, validity, enforceability and correctness of form.
Section 303. Remedies and Sanctions. - Local government unit shall appropriate in their respective annual
budgets such amounts as are sufficient to pay the loans and other indebtedness incurred or redeem or retire
bonds, debentures, securities, notes and other obligations issued under this Title: Provided, That failure to
provide the appropriations herein required shall render their annual budgets inoperative.
22. THE FINANCIAL PLAN
REQUIRED BY LENDERS
WE SHALL PREPARE IT FOR YOU FREE OF CHARGE
WITH GLOBAL CAPITAL CONSULTANTS, WE CAN HELP YOU
PREPARE A THOROUGH FINANCIAL DEVELOPMENT PLAN
Significance
A thorough financial development plan is key when you are seeking funds from investors and lenders. Like other
sections of your business plan, the financial development plan proves you have given serious thought to your
proposed development plan--in this case, how much money is needed to start and grow the business, where the
money is going to come from and how the business is going to get it. A financial plan also outlines for investors and
lenders the time it will take for your business to become profitable, and exactly how much debt will be accumulated
along the way.
Elements of a Financial Plan
A financial plan presents an itemized list of start-up and operational expenses, and discusses how much of the
business's expenses will be financed with debt as opposed to income. Prepare forward-looking financial statements,
including a balance sheet, income statement and statement of cash flows, for a three-year period. Describe any
capital investments you plan to make within three years for such things as buildings, equipment and vehicles. Discuss
your potential funding sources; funding for small businesses can come many sources, including banks; family, private
or institutional investors; stock offerings; earned income; and owner contributions.