Remedies, Sanctions and Penalties.
Section 10
SEC. 10. Remedies, Sanctions and Penalties.—Provinces, cities and municipalities shall appropriate in their respective annual budgets such amounts as are sufficient and required to service loans and borrowings and/or redeem or retire bonds, debentures, securities, notes and other obligations issued by said local government units under this Decree, and their failure to provide the appropriations herein required shall be a ground to declare inoperative the corresponding budgets of the borrowing entity. Furthermore, the Secretary of Finance is hereby empowered to enforce payment of obligations incurred under this Decree which have become due and demandable by withholding the corresponding amounts from internal revenue allotments and/or specific tax allotments, or by drawing against the depository accounts of the defaulting local government unit. The above remedies, notwithstanding, elective and appointive officials who shall refuse to pay, obstruct the payment, or cause unnecessary delay in the repayment of the above-stated loans, indebtedness and obligations shall be personally and jointly or severally, liable to pay a fine of not less than P10,000.00 but not more than P50,000.00 or suffer imprisonment from 2 years to 5 years, or both fine and imprisonment, at the discretion of the court.