Summary
RMO No. 30-2008 names the authorized signatories to documents for disbursing funds out of the World Bank (WB)-IDF Grant and WB-IBRD Loan.
Key points
- Disbursement Voucher. The Chief Accountant of the Financial Management Unit signs Box A on cash availability and supporting documents. The Deputy Commissioner of the Tax Reforms Administration Group, or the OIC-Deputy Commissioner, signs Box B for approval.
- Obligation Request. The person with direct supervision of the activity signs Box A. The Chief of the Budget Division signs Box B on availability of allotment and obligations incurred.
- Checks and ADA. The Cashier of the General Services Division prepares the checks and Authority to Debit Advice. The Head of the Financial Management Unit is the signatory, and the TRAG Deputy Commissioner or OIC-Deputy Commissioner is the counter-signatory.
- Application for Withdrawal. It is signed by the TRAG Deputy Commissioner, the OIC-Deputy Commissioner, or the Head of the Financial Management Unit.
Who is affected
- Revenue officials handling World Bank grant and loan funds
Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.
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