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Approved loans of RD$ 85 million to cover royalty employees DNA
posted on: Nov 19 2011 10:9 by RDugey. Viewed 28 times.
In an ordinary session held yesterday, was approved in the room Chapterhouse of the Town Hall of the National District, a loan of RD$ 85 million to cover the Paschal royalty payments to the employees of the City Council.
Also the renewal of the line Reconductiva to the City Council holds with the Banco de Reservas in the amount of 75 million pesos. The requested line corresponds to the form of short-term loan, as does not exceed the period of 12 months.
The line Reconductiva allows City Council pay the payroll of their employees and workers and comply with its obligations of investment and expenditure on capital.
Usually the municipalities take this credit at end of year in order to fulfil the royalty for their employees.
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