Section 1
SECTION 1. The President of the Republic of the Philippines is hereby authorized to incur, on behalf of the Republic, a loan in an amount not exceeding six million US dollars, or its equivalent in other currencies, on such terms and conditions as may be agreed upon, from the International Bank for Reconstruction and Development for the purpose of helping finance the development program of the University of the Philippines for the College of Agriculture at Los Baños, Laguna.