Section 3
SEC. 3. The heads of the government offices and agencies implementing this Act shall submit a report within the first ten days of every month on funds released to their offices and agencies under this Act and within fifteen days from the end of every quarter another report on the progress or status of the work prosecuted by them thereunder during the preceding quarter, including therein all relevant data, to the Joint Senate-House of Representative Committee, herein created to watch over the disbursement and use of the funds herein appropriated. The Joint Committee shall be composed of the Chairman of the Senate Committee on Finance, as Co-Chairman, the Chairman of the Committee on Appropriations of the House, as Co-Chairman, and two Members of each House, one of whom shall represent the Minority from each House, to be designated by the presiding officers of each House, respectively. The Joint Committee shall scrutinize the reports and take such measures as it may deem appropriate to protect the public interest in relation to the disbursement and expenditures of the funds herein appropriated, including taking of necessary measures for the prosecution of parties responsible for the violation of the provisions hereof Provided, however, That any head, chief or employee any office, bureau, or agency concerned in the implementation of this Act who may be found to have violated the provisions of this Act shall be criminally liable, subject the provisions, of the Penal Code but where the violation is not covered by the Penal Code, then the guilty party shall be subject to a penalty of a fine of one thousand pesos and imprisonment of not less than six (6) months or more than one (1) year without prejudice to administrate action.