Section 2
SEC. 2. Section 3, Republic Act Numbered Thirty-six Hundred and One is hereby repealed, except paragraphs one and eight thereof which are amended and a new paragraph which is added to read as follows: "SEC. 3. (a) Capitalization. — The capitalization of the National Irrigation Administration shall be two billion pesos, to be subscribed and paid entirely by the Government of the Republic of the Philippines which shall deliver annually to the NIA the sum of two hundred million pesos until its whole capitalization is fully paid. Operating Capital. — All amounts collected by NIA as irrigation fees, administration charges, drainage fees, equipment rentals, proceeds from the sale of unserviceable equipment and materials, sale of all reparation goods allocated to the defunct Irrigation Service Unit and the National Irrigation Administration, and all other income shall be added to its operating capital. Funds for general administration, current operating expenses, and operation, maintenance and administration expenses of irrigation systems, shall be included in the annual general appropriations decree/act. Over and above the requirements of operation, maintenance and administration expenses of irrigation systems of the National Irrigation Administration and its central office and regional and provincial offices, there shall be included in the annual general appropriations act an amount not less than six million pesos a year to finance feasibility studies, investigations, surveys, and plans preparation for projects."