Question & AnswerQ&A (Republic Act No. 1060)
Republic Act No. 1060 increases the penalty for the crime of malversation of public funds or property, as defined in Article 217 of the Revised Penal Code.
Any public officer who, by reason of the duties of his office, is accountable for public funds or property.
Malversation occurs when a public officer appropriates, takes, misappropriates, consents to another's taking, or through abandonment or negligence permits the taking of public funds or property, wholly or partially.
The penalty is prision correccional in its medium and maximum periods.
The penalty is prision mayor in its minimum and medium periods.
The penalty is prision mayor in its maximum period to reclusion temporal in its minimum period.
The penalty is reclusion temporal in its medium and maximum periods.
The penalty shall be reclusion temporal in its maximum period to reclusion perpetua.
Yes. They shall also suffer perpetual special disqualification and a fine equal to the amount of the funds malversed or total value of the property embezzled.
The failure of a public officer to have forthcoming any public funds or property with which he is chargeable, upon demand by any duly authorized officer.