Section 1
SECTION 1. There is hereby established the PLANT BREEDING RESEARCH AND DEVELOPMENT PROGRAM in the College of Agriculture, University of the Philippines at Los Baños which shall be organized therein an INSTITUTE (hereinafter referred to as IPB) with the following specific functions: To develop new and improved varieties of important agricultural crops; To undertake investigations in plant breeding and other allied disciplines related to the improvement of crops; To systematically collect, introduce, preserve and maintain a germplasm bank of important and potentially useful agricultural crops; To assist other agencies in the multiplication and distribution of quality seeds and vegetative materials of recommended crop varieties; To enter into agreements or relationships with similar institutions or organizations, both national and foreign, in furtherance of the above purposes.