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Section 42. Accounting for Money and Property Received by Public Officials - Administrative Code of 1987

Section 42. Accounting for Money and Property Received by Public Officials of Administrative Code of 1987. Section 42. Accounting for Money and Property Received by Public Officials. - Except as may otherwise be specifically provided by law or competen

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

Administrative Code of 1987

Section 42. Accounting for Money and Property Received by Public Officials. - Except as may otherwise be specifically provided by law or competent authority, all moneys and property officially received by a public officer in any capacity or upon any occasion must be accounted for as government funds and government property. Government property shall be taken up in the books of the agency concerned at acquisition cost or an appraised value.

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