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

SECTION 1. Section two of Republic Act Numbered Four thousand three hundred forty-one is hereby amended to read as follows:

"SEC. 2. Pursuant to this policy, the University of the Philippines is hereby authorized to establish an Institute of Planning, for which there is hereby authorized to be appropriated four hundred thousand pesos, out of the general funds of the National Treasury not otherwise appropriated, for the construction of buildings and the purchase of equipment and facilities necessary for the establishment of the Institute: Provided, however, That an additional amount of three hundred and fifty thousand pesos is hereby approbated for the operating expenses of the Institute for fiscal year nineteen hundred and sixty-six to nineteen hundred and sixty-seven: And provided, further, That at least the amount of three hundred fifty thousand pesos shall be appropriated annually thereafter, out of any funds in the national Treasury not otherwise appropriated, beginning the next succeeding fiscal year for operational expenses of the Institute."

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

Approved, June 18, 1966.