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FAX NO.
REPUBLIC OF THEPHILIPPINES
MEMORANDUM CIRCULAR
NO. 2014-13
TO
SUBJECT :
Local Finance Circular No. 1-2012 of the Department of Finance (DOF) require
DILG certification on the Seal of Good Housekeeping (SGH) and Full Disclosure Policy w
par
t of documentary requir
ements f
or local government* in securing authority from DOT
to borrow money f
rom banks aM" 6\ er f
inancial institutions. Similarly, DILG
Memorandum Circular No. 20134$>6 requires SGH Certif
ication as one of the
documentary requirements for priority^lotal gover
nments in accessing project funds for
the Bottom-Up Budgeting Program (now called Grassroots Participatory Budget Process), and
die SALINTUBIG Program.
Pursuant to DILG Memorandum Circular No; 2012-078, the 2012 Seal of Good
Housekeeping is issued to local governments which passed the minimum criteria under
r Local Government, shall issue the 2012 SGH Certificate to a local government which
implied and passed the criter
ia after the 2Q}2 assessment period for loan purposes or
ccssing national program windows, subject to the following conditions:
@c&t\
-l 4i/* / 'I
_4a)M :
FAX NO. :
(c) compliance with FDP posting requirements in three (3) conspicuous places
for the last two (2) preceding quarters as certified by the DILG Regional
Director and attested by *CSO representative.
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