Loans, Grants or Subsidies between Province and Component Cities.
Section 16
SEC. 16. Loans, Grants or Subsidies between Province and Component Cities.— (1) The sangguniang panlalawigan may, out of the provincial funds, extend loans, grants or subsidies to component cities geographically located within the province under such terms and conditions as it may impose. (2) The sangguniang panlungsod of a component city may, out of city funds, likewise extend loans, grants or subsidies to the province to which it belongs, subject to such terms and conditions as it may impose.