Section 6
SEC. 6. All the funds, properties and assets, and all personnel, facilities equipment, leases, contracts and other obligations and instruments as well as all records, files, correspondence, and other papers belonging or appurtenant to the Teachers' Retirement and Disability Fund as created and established by Act Numbered Thirty hundred and fifty, as amended, are hereby transferred, for the purposes of liquidation as provided in this Act, to the Government Service Insurance Board, which shall hereafter exercise full control and authority over the same. The said Board is hereby authorized to promulgate the necessary rules and regulations for the accomplishment of the purposes of this Act. Nothing herein contained shall be construed as taking away the power of the National Loan and Investment Board to invest the funds belonging to the Teachers' Retirement and Disability Fund should the Government Service Insurance Board elect to place in its hands the investment of said funds under such terms and conditions as may be agreed upon by the two Boards.