Congress analyzes authorizing the City of Chapala to contract a loan of 10 million pesos

The State Congress gave entry to an initiative of the Chapala City Council that requested authorization to contract a loan for 10 million pesos (MDP), payable over ten years, which would be used for drilling works of deep wells for the extraction of Water.

Although the riverside municipality approved the request since November 30, 2020, the Legislature barely gave input to the issue and referred it to the Finance Commission for analysis and ruling.

The initiative of the council states that the projects for the supply of water are necessary due to the growth of the population and the greater demand for the service.

The works would be carried out in the Ajijic, San Antonio Tlayacapan delegations and in the El Tecolote neighborhood of the municipal seat. They include the drilling of wells between 200 and 300 meters deep, installation of pipes, placement of electrical transformers and conduction lines.

In the document sent by the municipality, it is stated that its finances are healthy and on a green light. As a source of payment of the debt, the present and future income generated by the collection of fees, tariffs and rights for the provision of drinking water, drainage, sewerage and sanitation services are put.

These interventions are presumed to benefit 1,200 families in Ajijic, 950 families in San Antonio Tlayacapan, and 1,500 in the municipal seat.

According to the information available in the Single Public Registry of Financing and Obligations of Federative Entities and Municipalities of the Ministry of Finance and Public Credit (SHCP), the long-term debt of the Chapala City Council currently amounts to 72 million pesos.

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