AN ACT APPROPRIATING THE SUM OF FIFTY-SIX MILLION TWENTY THOUSAND PESOS FOR PUBLIC WORKS.

[ REPUBLIC ACT NO. 260, June 14, 1948 ]

AN ACT APPROPRIATING THE SUM OF FIFTY-SIX MILLION TWENTY THOUSAND PESOS FOR PUBLIC WORKS.

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

Section 1. The following sums, or so much thereof as may be necessary, arc appropriated out of the General Funds, in the National Treasury not otherwise appropriated, to be released by the
President of the Philippines and subject to the provisions hereinafter set forth, for the purposes mentioned hereunder:

Section 2. The following sums, or so much thereof as may be necessary, are hereby appropriated out of the "Port Works Fund" under Act Numbered Three thousand five hundred and ninety-two, as amended by Commonwealth Act Numbered One hundred and thirty, not otherwise appropriated, to be at the disposal of the Secretary of Public Works and Communications, and subject to the provisions hereinafter set forth, for the purposes mentioned hereunder:

Section 3. All sums appropriated under section one of this Act shall be released only after certification by the Secretary of Finance and the Auditor General to the
President of the Philippines that there are sufficient funds derived from current revenues in excess of authorized appropriations for the ordinary operating expenses of the National Government in the Philippine Treasury to warrant such release and that no amount appropriated in this Act shall be set up in the books of the General Auditing Office or otherwise made available for expenditure unless previously authorized by the
President of the Philippines.

Section 4. The
President of the Philippines is authorized to suspend or otherwise stop the expenditures of any amount herein appropriated for any purpose, or any portion thereof, whenever in his opinion the public interest so requires, or when funds shall not be available for the Purpose, and thereupon the funds affected by such action become available for any other public works expenditure authorized herein as the President may determine.

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

Approved, June 14, 1948.