SECTION 1. The sum of eighteen million seven hundred and sixty-nine thousand pesos is hereby appropriated, out of any funds in the Insular Treasury not otherwise appropriated, to extend the educational facilities in the University of the Philippines; of this sum there shall be available for expenditure on January first, nineteen hundred and twenty-three, the sum of eight hundred and sixteen thousand pesos; on January first, nineteen hundred and twenty-four, the sum of one million one hundred and sixteen thousand pesos; on January first, nineteen hundred and twenty-five, the sum of one million five hundred and thirty-one thousand pesos; on January first, nineteen hundred and twenty-six, the sum of one million eight hundred and twelve thousand pesos; on January first, nineteen hundred and twenty-seven, the sum of two million one hundred and fifty-one thousand pesos; on January first, nineteen hundred and twenty-eight, the sum of two million four hundred and twenty-two thousand pesos; on January first, nineteen hundred and twenty-nine, the sum of two million seven hundred and twenty-nine thousand pesos; on January first, nineteen hundred and thirty, the sum of three million and sixteen thousand pesos; and on January first, nineteen hundred and thirty-one, the sum of three million one hundred and seventy-six thousand pesos.
The sums so appropriated shall be additional to the sums set aside in the annual appropriations for the University of the Philippines and shall be disbursed in the discretion of the Board of Regents