Responsibilities of the private nectar.
Section 7
SEC. 7. Responsibilities of the private nectar.—To be entitled to the benefits provided for under Section three of this Act, the private sector shall have the following responsibilities: To provide an initial contribution in the amount of one hundred thousand pesos upon the approval of this Act and, annually thereafter for a period of six years, the amount of one hundred fifty thousand pesos for the capital and operational requirements of the research institution contemplated under this Act; and To assume full responsibility of carrying on the operation of the research institution after the government assistance shall have phased out.