REPUBLIC ACT NO. 433 - AN ACT TRANSFERRING FROM THE ADMINISTRATIVE CONTROL AND SUPERVISION OF THE RESPECTIVE HEADS OF THE DIFFERENT DEPARTMENTS, BUREAUS, OFFICES AND INSTRUMENTALITIES OF THE NATIONAL GOVERNMENT, INCLUDING THE SUPREME COURT, THE COURT OF APPEALS, THE COMMISSION ON ELECTIONS, AND THE UNIVERSITY OF THE PHILIPPINES, THE FUNCTION OF PREPARING AND KEEPING THE ACCOUNTS OF THE SAID DEPARTMENTS, BUREAUS, OFFICES AND INSTRUMENTALITIES, TO THE BUDGET COMMISSION.

Be it enacted by the Senate and House of Representatives of the Philippines in Congress assembled:

SECTION 1. Except as herein otherwise provided, the function of preparing and keeping the accounts of the different departments, bureaus, offices, and dependencies or instrumentalities of the National Government, including the Supreme Court, the Court of Appeals, the Commission on Elections, and the University of the Philippines, and such other duties as are incidental to the said function, which are now being performed under the administrative control and supervision of the respective heads of the said departments, bureaus, offices and instrumentalities, pursuant to the provisions of Executive Order Numbered Forty-three, dated February seven, nineteen hundred and forty-seven, are hereby transferred, together with their corresponding appropriations, personnel, books, records, equipment and other property, to the Budget Commission.

SEC. 2. The Commissioner of the Budget and the bureau head or chief of office concerned are hereby authorized, with the approval of the President, to segregate immediately the appropriations, personnel, books, records, equipment, and other property provided for the present accounting offices and to determine those which shall be transferred to the Budget Commission.

SEC. 3. The services hereby transferred shall operate in suitable quarters furnished therefor by the corresponding departments, bureaus, offices, or dependencies and shall be under the charge of accounting officers appointed or designated by the Commissioner of the Budget. It shall be the duty of said accounting officers to manage such service for the corresponding head of department, or chief of bureau, office, or dependency; advise him of the trend of business affairs thereof; render such reports and statements as may be required of him by the Commissioner of the Budget, the Auditor General, or the head of the department, bureau, office, or dependency concerned; and perform such other duties as the Commissioner of the Budget may prescribe.

SEC. 4. The provisions of Executive Order Numbered Forty-three, dated February seven, nineteen hundred and forty-seven, and all other laws, rules and orders which are inconsistent herewith are hereby repealed or modified accordingly.

SEC. 5. This Act shall take effect upon its approval.

Approved, June 7, 1950.