ChanRobles Virtual law Library
PHILIPPINE LAWS, STATUTES & CODES
A collection of Philippine laws, statutes and codes not included or cited in the main indices of the Chan Robles Virtual Law Library.
Republic Acts :
REPUBLIC ACTS
PLEASE CLICK HERE FOR THE LATEST ➔ PHILIPPINE LAWS, STATUTES & CODES
REPUBLIC ACT NO. 1060 - AN
ACT INCREASING THE PENALTY FOR THE CRIME OF MALVERSATION OF PUBLIC
FUNDS OR PROPERTY, BY AMENDING ARTICLE TWO HUNDRED SEVENTEEN OF THE
REVISED PENAL CODE |
Section 1.
Article two hundred seventeen of the Revised Penal Code is amended to
read as follows: "Art. 217.
Malversation of public funds or property. — Presumption of
malversation. — Any public officer who, by reason of the duties of his
office, is accountable for public funds or property, shall appropriate
the same, or shall take or misappropriate shall consent, or through
abandonment or negligence, shall permit any other person to take such
public funds or property, wholly or partially, or shall otherwise be
guilty of the misappropriation or malversation of such funds or
property, shall suffer: "4. The
penalty of reclusion temporal in its medium and maximum periods, if the
amount involved is more than twelve thousand pesos but is less than
twenty-two thousand pesos. If the amount exceeds the latter, the
penalty shall be reclusion temporal in its maximum period to reclusion
perpetua.cralaw Sec. 2. This Act shall take effect upon its approval.cralaw Approved: June 12, 1954 |