PHILIPPINE LAWS, STATUTES AND CODES - CHAN ROBLES VIRTUAL LAW LIBRARY
REPUBLIC ACT NO. 5549 - AN ACT TO AUTHORIZE THE UNIVERSITY OF THE PHILIPPINES TO ESTABLISH SCHOLARSHIPS, TO PROVIDE FUNDS THEREFOR, AND FOR OTHER PURPOSES
1. In order to implement Section Five, Article XIV of
the Constitution of the Philippines providing, among others, that "the
State shall create scholarships in arts, science and letters for
specially gifted citizens," and in order to accelerate the development
of highly trained manpower for agriculture, trade and industry, the
Board of Regents of the University of the Philippines, is hereby
authorized to establish in the said University, a system of
scholarships for bright and deserving citizens to be awarded on the
basis of annual competitive examinations in Manila, Cebu, Iloilo, Davao
and other principal cities of the Philippines and under the terms and
conditions provided in the rules and regulations of the University,
subject to the following conditions:
(a) At least sixty percent of scholarships available for any year shall be provided students in the natural and physical sciences, engineering, agriculture, fisheries, forestry, economics and public administration.
(b) Scholarships shall be uniform and shall consist of amounts fixed by the Board of Regents for school and living expenses, including matriculation, books, board and lodging. The amount fixed for living expenses shall be paid directly to the students every month as long as he meets the terms and conditions fixed by the University.
Sec. 2. There is hereby appropriated, out of any funds in the National Treasury not otherwise appropriated, the sum of one million pesos, to finance the system of scholarships of the University of the Philippines beginning in the fiscal year nineteen hundred seventy. Thereafter, the said amount shall be included in the General Appropriations Act. Said amount shall be allocated to the University of the Philippines special budgetary allocation, in addition to its regular annual appropriation: Provided, That all unexpended balances of said appropriation shall remain available for expenditure for scholarships even after the close of any fiscal year, any provision of existing laws to the contrary notwithstanding.
Sec. 3. This Act shall take effect immediately upon its approval.
Approved: June 21,