Repeal of Charter Obligations.
Section 231
SEC. 231. Repeal of Charter Obligations.—Any provision of law or ordinance authorizing loans and grants and directing subsidies between provinces and existing cities are hereby repealed: Provided, That all amounts due and payable as of the approval of this Act shall remain outstanding in the books of each local government unit, unless condoned, and: Provided, further, That all loans, grants and subsidies between provinces and cities shall, thereafter, be governed by Section 16 of this Act.