Treasury Circular No. 03-2017 dated 20 October 2017 is hereby issued pursuant to Executive Order No. 55 series of 2011 mandating the Bureau of Treasury (BTr) to implement and adopt a Treasury Single Account that will allow the National Government consolidate its cash resources in daily basis and provide a more effective way of managing cash and rationalizing agency bank accounts.
Modified Disbursement System (MDS) Checks to be issued startung January 2, 2018 shall already indicate "VALID FOR THREE MONTHS FROM DATE OF ISSUE."
Please be guided accordingly.
For strict compliance.
