Be it enacted by the Senate and House of Representatives of the Philippines in Congress assembled:

Section 1. Section five hundred eighty-eight of the Revised Administrative Code is amended to read as follows:

"Sec. 588. Authority of Auditor in adjustment and setting-off of accounts between offices.&mdashThe Auditor Gen­eral shall have the power, subject to such regulations as he may prescribe therefore, to authorize and enforce the settlement of accounts subsisting between the different Bureaus or Offices of the National service; between any such bureau or office and any corporation owned or con­trolled by the government or other self-governing board, commission, or agency of the government; between corporations, self-governing boards, commission, or agencies; between any such Bureau or Office or government-owned or controlled corporation, or self-governing board, com­mission or agency and any provincial, municipal or city governments; and between any such provincial and munic­ipal or city governments; the absence of appropriations therefore  notwithstanding."

SEC. 2. This Act shall take effect upon its approval.

Approved, June  18,  1964.