Transferring the Function of Preparing and Keeping Accounts of Government Departments, Bureaus, Offices and Instrumentalities to the Budget Commission
Republic Act No. 433, approved on June 7, 1950, transfers the responsibility for preparing and maintaining the accounts of various departments, including the Supreme Court and the Commission on Elections, from their respective heads to the Budget Commission. This act includes the transfer of appropriations, personnel, and records necessary for these accounting functions. Accounting officers appointed by the Commissioner of the Budget will oversee these services and report on financial matters as needed. The act also repeals any conflicting laws or executive orders. It takes effect upon approval.
Quick Answers
- What is Transferring the Function of Preparing and Keeping Accounts of Government Departments, Bureaus, Offices and Instrumentalities to the Budget Commission about?
- Republic Act No. 433, approved on June 7, 1950, transfers the responsibility for preparing and maintaining the accounts of various departments, including the Supreme Court and the Commission on Elections, from their respective heads to the Budget Commission. This act includes the transfer of appropriations, personnel, and records necessary for these accounting functions. Accounting officers appointed by the Commissioner of the Budget will oversee these services and report on financial matters as needed. The act also repeals any conflicting laws or executive orders. It takes effect upon approval.
- What type of law is Republic Act No. 433?
- Transferring the Function of Preparing and Keeping Accounts of Government Departments, Bureaus, Offices and Instrumentalities to the Budget Commission (Republic Act No. 433) is a Philippine Statutes enacted by the Congress of the Philippines.
- When was Transferring the Function of Preparing and Keeping Accounts of Government Departments, Bureaus, Offices and Instrumentalities to the Budget Commission enacted?
- Transferring the Function of Preparing and Keeping Accounts of Government Departments, Bureaus, Offices and Instrumentalities to the Budget Commission (Republic Act No. 433) was enacted on Jun 7, 1950.
- What is the citation for Transferring the Function of Preparing and Keeping Accounts of Government Departments, Bureaus, Offices and Instrumentalities to the Budget Commission?
- Transferring the Function of Preparing and Keeping Accounts of Government Departments, Bureaus, Offices and Instrumentalities to the Budget Commission, Republic Act No. 433, Jun 7, 1950 (Philippines)
Law Information
- Reference Number
- Republic Act No. 433
- Date Enacted
- Category
- Statutes
- Subcategory
- Republic Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
June 7, 1950
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
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. acd
SECTION 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.
SECTION 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.
SECTION 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. aisa dc
SECTION 5. This Act shall take effect upon its approval.
Approved: June 7, 1950
Published in the Official Gazette, Vol. 46, No. 6, p. 2459 in June 1950
Cite This Law
Transferring the Function of Preparing and Keeping Accounts of Government Departments, Bureaus, Offices and Instrumentalities to the Budget Commission, Republic Act No. 433, Jun 7, 1950 (Philippines)
Transferring the Function of Preparing and Keeping Accounts of Government Departments, Bureaus, Offices and Instrumentalities to the Budget Commission, Republic Act No. 433 (Phil. 1950)
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- Transfer of Existing Balances of Deposits from Accounts of Various Departments to Account of the National TreasuryLetter of Instructions No. 61 • Mar 5, 1973 • Presidential Issuances
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