SEC. 2. There is hereby created an emergency board which shall consist of the chairman of the Committee on Finance of the Senate, the chairman of the Committee on Appropriations of the House of Representatives, the Insular Auditor, the Attorney-General or person acting in his stead, and the Secretary of Finance, with the latter as chairman.
Whenever application is made by any officer of the Government in charge of any work of construction or repair, or by the Director of any Bureau or Office of the Government, certifying that the needs of the work, Bureau, or Office concerned require the expenditure of a sum of money greater than the amount appropriated by the Legislature for such purpose, the emergency board shall investigate the facts set forth in such application, ascertain whether the applicant has taken the necessary measures to prevent the expenditure of a sum of money greater than that authorized by this Act, hear the evidence presented, and submit a report with its recommendations to the President of the Senate and the Speaker of the House of Representatives who, upon recommendation of a majority of the emergency board aforesaid, may authorize, with the concurrence of the Governor-General, the expenditure of additional funds not specifically appropriated, in such amount as may be deemed necessary for the purposes of the work, Bureau or Office concerned.
For the purposes of this section, there is hereby appropriated from funds in the Insular Treasury not otherwise appropriated such sum or sums as may be necessary to carry out the provisions hereof, not exceeding one million pesos: Provided, That no funds shall be set up on the books of the Auditor under this section until the same shall have been allotted by the presiding officers of both Houses, with the concurrence of the Governor-General.
This emergency board shall enter upon the discharge of; its functions immediately after the close of the session of' the Philippine Legislature in which this Act was approved and shall exist until October sixteenth, nineteen hundred and seventeen.
The Secretary of Finance, within the thirty days following the beginning of the next regular session of the Philippine Legislature, shall send to each House thereof a statement of the sum or sums and expenditures authorized under the provisions of this section.