Practice question
Under 216, may lawful sale proceeds simply be retained in the selling officer's personal account?
- Yes; the officer becomes the beneficial owner.
- Yes; public accounting is expressly prohibited.
- Yes; only the buyer can decide how public money is held.
- No; because proceeds must be destroyed instead.
- No; proceeds are deposited with the National Treasury and accounted for to the COA Chairman.
Legal references
- NIRC Sections208-210,215-219: https://lawphil.net/statutes/repacts/ra1997/ra_8424_1997.html
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