Section 4
SEC. 4. The "Counterpart Fund" and the said Special Account shall be disposed of only as may be agreed upon between the President of the Philippines and the duly authorized representative of the United States in accordance with the provisions of the legislation hereinabove mentioned and, in pursuance of a policy that will provide insofar as possible the greatest good for the greatest number of the Philippine people, promote economic opportunity, and remove the causes of social discontent and unrest, giving preferential treatment in consonance thereof to the following: Financing the construction and rehabilitation of roads and bridges and other transportation and communication facilities to promote marketing of agriculture, forestry and mine products without undue cost and to provide access to settlement areas; Rehabilitation or construction of irrigation system, flood control, reclamation projects and waterworks system and artesian wells; Financing agricultural production and marketing through aids to rural credit and marketing institutions in form of capital and technical assistance; Expansion of existing industries or the establishment of new ones, including the expansion of power re sources, which may be essential to the development of the national economy; Improvement of living conditions of the mass of mthe people by increasing their purchasing power through home industries and through the promotion of vocational education, adult and community schools, public health, slum clearance and low cost housing projects; Assistance to dollar producing and dollar saving industries through loans or otherwise; Assistance to agriculture, industry, public works and public administration through added and improved technical service and training and research facilities; Financial aid to resettlement projects similar to those now undertaken by the Land Settlement and Development Corporation and other government programs, including the facilitation of the distribution of, and issuance of title to, public lands to homesteaders and other lawful occupants; Financing the purchase of agricultural and/or residential lands for the purpose of subdividing them for resale to actual occupants or tenants, financial aid to tenants in purchase of land; Promotion of measures, including fiscal, designed to stabilize the monetary situation and reduce the cost of living particularly for the indigent and extraordinarily low income groups; Facilitate the importation of goods and commodities essential to the general good of the Philippine people. No portion of the said Special Account in excess of five per centum shall be released except upon the certification of a duly authorized representative of the United States Economic Cooperation Administration that assistance in the form of goods, things, commodities, articles, services or otherwise has been made available to the Philippines. Ninety-five per centum of the said Special Account shall be released subject to the provisions of the legislation hereinabove mentioned and in accordance with the policy herein-above outlined.