Ifugao towns partner with NFA for rice loan during calamities

>> Thursday, March 12, 2015


By Marcelo Lihgawon

LAGAWE, Ifugao -- All towns of the province have agreed with National Food Authority for of rice assistance  during calamities.

NFA-Ifugao manager Corazon Pangan said 11 local government units here signed memorandum of agreement  with NFA to avail of the rice loan.

This allows municipalities to purchase NFA rice on credit for relief operations for stockpiling in preparation of emergencies that may occur at any given time or whenever a state of calamity is declared.

The LGU shall pay the rice issued and the fee, if any within 30 working days from date of receipt of billing. Any bill unpaid after the said period shall be subjected to a penalty at the rate of two percent per month based on amount due.

In the event that another disaster occurs while the LGU has an unpaid balance, additional credit may be allowed provided the additional purchases shall not exceed 100 bags.

The LGU should withdraw the approved quantity of stocks within 15 working days from the NFA provincial office.

Stocks not withdrawn within the prescribed days shall be deemed cancelled. 

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