Section 4
SEC. 4. The Director of Lands is hereby authorized to issue regulations for observance by the municipal treasurers, subject to the approval of the Insular Auditor, in the rendering of the proper accounts to his Bureau, in accordance with section three of this Act, particularly concerning the manner of computing fees and penalties in conformity with the terms stipulated in the project as sanctioned and approved by the municipal council concerned or the Director of Lands, as the case may be.