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Section 41. Prohibition Against the Incurrence of Overdraft - Administrative Code of 1987

Section 41. Prohibition Against the Incurrence of Overdraft of Administrative Code of 1987. Section 41. Prohibition Against the Incurrence of Overdraft. - Heads of departments, bureaus, offices and agencies shall not incur nor authorize

  • Subjects 9 Bar syllabus groups
  • Codals 48 Primary legal sources

Administrative Code of 1987

Section 41. Prohibition Against the Incurrence of Overdraft. - Heads of departments, bureaus, offices and agencies shall not incur nor authorize the incurrence of expenditures or obligations in excess of allotments released by the Secretary for their respective departments, offices and agencies. Parties responsible for the incurrence of overdrafts shall be held personally liable therefor.

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