Section 2
SEC. 2. Abolition of Special and Fiduciary Funds. The President is authorized to abolish dormant or unnecessary Special or Fiduciary Funds and transfer all assets, liabilities, surpluses and appropriations pertaining thereto, to the General fund of the national government. The operations of all Special and Fiduciary Funds shall be reviewed by the Secretary of Finance, the Commissioner of the Budget and the Chairman of the Commission on Audit. They shall recommend to the President the abolition of Funds which are found to be dormant, or whose basis for creation no longer exists, or whose purposes are provided for by appropriations of the General Fund, thus rendering the said Special or Fiduciary Funds unnecessary.