DBM CIRCULAR LETTER NO. 2000-3

Explanation: This provision outlines the issuance of Joint Resolution No. 01 by the House of Representatives and the Senate, which modifies the availability of appropriations for the 1998 fiscal year.
Key Definitions:
- Joint Resolution No. 01: Legislative measure extending the appropriations for a specified period.
- Appropriation: The allocation of funds for specific government expenditures.
Important Requirements:
- This resolution amends Section 62 of R.A. No. 8522 (General Appropriations Act for Fiscal Year 1998).

Explanation: Agencies are permitted to obligate funds released in Calendar Year (CY) 1999 from the 1998 appropriation until a new deadline.
Key Definitions:
- Obligation: The legal commitment to use appropriated funds.
Important Requirements:
- Agencies may obligate all released allotments for maintenance and operating expenses and capital outlays until December 31, 2000.
Timeframes:
- Obligations are valid until December 31, 2000.

Explanation: Remaining balances from CY 1998 appropriations are also addressed, allowing their use beyond the original deadline.
Important Requirements:
- Balances for maintenance and operating expenses and capital outlays can be released during the year.
Timeframes:
- Such balances are valid for obligation until December 31, 2000.

Explanation: The guidelines outlined in this circular are effective immediately upon adoption.
Timeframes:
- Adopted on January 5, 2000, indicating that agencies should act promptly under these guidelines.

Joint Resolution No. 01 extends the availability of the 1998 appropriations for government expenditures until December 31, 2000.
Agencies can obligate allotments released in CY 1999 and any remaining balances from CY 1998 appropriations up to the same deadline.
The guidelines are effective immediately as of January 5, 2000, requiring prompt action from relevant agencies.
This circular modifies prior regulations set forth in R.A. No. 8522, establishing new obligations and deadlines for government funding.