[ REPUBLIC ACT NO. 5215, June 15, 1968 ]
AN ACT PROVIDING FOR THE ESTABLISHMENT OF A BRANCH OF THE UNIVERSITY OF THE PHILIPPINES IN THE MUNICIPALITY OF ILAGAN, PROVINCE OF ISABELA, AND AUTHORIZING THE APPROPRIATION OF FUNDS THEREFOR.
Be it enacted by the Senate and House of Representatives of the Philippines in Congress assembled:
SECTION 1. A branch of the University of the Philippines, to be known as the Cagayan Valley College of the University of the Philippines, is hereby established in the Municipality of llagan, Isabela, to serve the provinces comprising the Cagayan Valley. It shall offer degree courses in arts and sciences, and in the professions oriented to the needs and resources of the said provinces.
SEC. 2. The administration and operation of the Cagayan Valley College of the University of the Philippines shall be vested in the Board of Regents of the University of the Philippines.
SEC. 3. An. area of five thousand hectares of public land, preferably located in the Cagayan Valley, is hereby granted and ceded to the University of the Philippines for the purposes stated in Section one hereof, and in the manner hereinafter provided.
SEC. 4. The Board of Regents of the University of the Philippines is hereby empowered to propose, by resolution the area which is to be reserved in accordance with the provisions of the preceding section and to transmit the same to the Secretary of Agriculture and Natural Resources. If the latter is satisfied that the land thus proposed to be granted is unreserved, unoccupied, or unapplied for under the Public Land Laws, he shall cause the survey of the said land by the Bureau of Lands. At the completion of the survey of the land grant area, the same shall be deeded, conveyed, and transferred to the Cagayan Valley College of the University of the Philippines by the Secretary of Agriculture and Natural Resources and all the income, revenue and/or proceeds derived from the grant shall be exclusively for the use of the college.
SEC. 5. The sum of five hundred thousand pesos is hereby authorized to be annually appropriated, out of any funds in the National Treasury not otherwise appropriated, to be expended in the discretion of the Board of Regents of the University of the Philippines for the establishment of the said Cagayan Valley College authorized in this Act: Provided, That at least one hundred thousand pesos of said amount shall be used for scholarship awards which shall consist of annual stipends of not less than six hundred pesos for each scholar, in addition to exemption from the payment of all university fees: And, provided, further, That of the amount of five hundred thousand pesos first appropriated as authorized by this Act, two hundred thousand pesos shall be used for the construction of college buildings on the site or sites approved by the Board of Regents of the University of the Philippines.
SEC. 6. This Act shall take effect upon its approval.
Enacted without Executive approval, June 15, 1968.