Practice question
An official proposes investing Fund money in an arrangement concededly unauthorized by law solely because the promised return is large. The official cites94’s investment power. Which is correct?
- 94 limits investment to the manner and form authorized by law
- Any investment is lawful if profitable
- A promised return repeals all legal limits
- The money becomes the official’s private fund
- The contribution payer may approve every public investment personally
Legal references
- PD1529 Property Registration Decree: https://lawphil.net/statutes/presdecs/pd1978/pd_1529_1978.html Sections93–94, statutory contribution and investment framework; not an all-in registration-fee quotation.
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