Section 5
SEC. 5. There shall be collected, in addition to the regular forest charges provided for under the National Internal Revenue Code, as amended, and those provided for under Republic Act No. 115, as amended, the amount of ten centavos on each cubic meter of timber cut and removed from any public forest and forest reserve for commercial purposes, which shall be collected in the same manner and with the same remedies provided for in the National Internal Revenue Code, as amended, with respect to forest charges, and with the same penalties provided for in Republic Act No. 115, as amended, and which shall be turned over to the University of the Philippines at the end of every fiscal year beginning with the fiscal year 1963-1964 as a lump sum to be used exclusively for carrying out the purposes of this Act, in addition to incidental receipts or income from operations or activities authorized under this Act.