Section 1
SECTION 1. The function of preparing and keeping the accounts of the different departments, bureaus, offices and dependencies of the National Government, including the Supreme Court, Court of Appeals, and the University of the Philippines, and such other duties as are incidental to the said function which by law or otherwise were given to any other office, shall hereafter be performed by the General Auditing Office. The authority of passing upon requisitions or orders for supplies, materials, furniture and equipment, and the function to operate and maintain the Salvage Warehouse which are vested in the Commissioner of the Budget are transferred to the General Auditing Office. All records, books, supplies, equipment, and other property existing in the accounting offices for the different branches of the Government at the time this Act takes effect are also transferred to the General Auditing Office. Such of said supplies and equipment as may not be needed by the said office shall be transferred to the Salvage Warehouse to be disposed of in accordance with regulations prescribed by the President for disposal of unused and dormant supplies and equipment.