Section 1
SECTION 1. Section one of Republic Act Numbered Fifty-four hundred and ninety-nine is hereby amended to read as follows: "SECTION. 1. The construction of the Upper Pampanga River Project (hereinafter referred to as the 'Project', is hereby authorized for the purpose of furnishing water for irrigation, generating electric power and energy, regulating floods, providing water supply, and for other related uses. The Project shall include the preparation of feasibility studies which shall be undertaken with the end in view of extending its benefits to the Provinces of Pangasinan, Tarlac, Pampanga and Bulacan, by harnessing tributaries of the Pampanga River, ground water sources, and other river basins." SEC. 2. Section four of the same Act is hereby amended to read as follows: "SEC. 4. There is hereby appropriated for the National Irrigation Administration, out of any funds in the National Treasury not otherwise appropriated, the sum of Four hundred million pesos to finance the local currency costs of the Project. This amount shall be released to the National Irrigation Administration in the following manner: "Nine Million pesos in the fiscal year nineteen hundred sixty-nine to nineteen hundred seventy; "Thirty-one Million pesos in the fiscal year nineteen hundred seventy to nineteen hundred seventy-one; "Eighty Million pesos in the fiscal year nineteen hundred seventy-one to nineteen hundred seventy-two; "One hundred twenty Million pesos in the fiscal year nineteen hundred seventy-two to nineteen hundred seventy-three; "One hundred Million pesos in the fiscal year nineteen hundred seventy-three to nineteen hundred seventy-four; and "Sixty Million pesos in the fiscal year nineteen hundred seventy-four to nineteen hundred seventy-five; "Provided, That notwithstanding the above schedule, releases in a given fiscal year shall be adjusted in accordance with the actual requirements of the project for said fiscal year: Provided, further, That releases from the general fund in a given fiscal year may be reduced to the extent that funds shall have been made actually available in-such year for the Project from the proceeds of bonds issued by the Republic of the Philippines under the provisions of Republic Act Numbered Forty-eight hundred and sixty-one which proceeds from bond issues are hereby appropriated for the project, any provisions of law to the contrary notwithstanding."