Section 4
SEC. 4. The Board of Regents of the University of the Philippines is hereby empowered to propose, by resolution the area which is to be reserved in accordance with the provisions of the preceding section and to transmit the same to the Secretary of Agriculture and Natural Resources. If the latter is satisfied that the land thus proposed to be granted is unreserved, unoccupied, or unapplied for under the Public Land Laws, he shall cause the survey of the said land by the Bureau of Lands. At the completion of the survey of the land grant area, the same shall be deeded, conveyed, and transferred to the Cagayan Valley College of the University of the Philippines by the Secretary of Agriculture and Natural Resources and all the income, revenue and/or proceeds derived from the grant shall be exclusively for the use of the college.