Section 15
SEC. 15. Whenever the Secretary of Finance shall be of the opinion that the probable revenues will not be sufficient to cover the expenditures provided for, he shall immediately call a meeting of the Emergency Board to consider without delay the condition of the funds existing in the Insular Treasury, the expenditures already made and to be made, and the probable revenues until the end of the current fiscal year, and to propose adequate measures to reduce the expenditures in order that they may be met out of the resources of the public treasury. In accordance with the deliberations and resolutions of the Emergency Board, the Secretary of Finance may propose the temporary or definitive suspension to the end of the fiscal year concerned of the payment of the expenses of any Bureau or office in such proportion as circumstances may require, and such proposition shall have the effect of law as soon as it shall have been approved by the presiding officers of both Houses and concurred in by the Governor-General.