Section 15
SEC. 15. Subject to the approval of the Board of Regents, the President of the State College, in behalf of the Republic of the Philippines may contract loans, credits or indebtedness from the Government Service Insurance System (GSIS) , the Development Bank of the Philippines (DBP) or the Philippine National Bank (PNB), and any foreign sources of lender to finance self-liquidating construction projects: Provided, That the total yearly amortization of such loan, including interest, shall not exceed seventy-five percent (75%) of the total yearly expected production income of the State College.