TO                          : All Heads of Departments, Bureaus, Offices, Self-Governing Boards and Commissions, State Universities and Colleges, Chiefs of Financial and Management Services, Chief Accountants/Heads of Accounting Units, Budget Officers, COA Auditors and others Concerned.

SUBJECT            : Rules and Regulations in the Grant, Utilization and Liquidation of FundsTransferred to Implementing Agencies.



1. RATIONALE

There are projects which require inter-agency implementation. The funds are released to the agency which programmed the project in its Budget. In turn, these funds are transferred/sub-allotted to the government agency which will implement the project.


This Circular is, therefore, issued to ensure that: