Transfer of UP to site outside Manila

A total of seventeen million five hundred thousand pesos (P17,500,000) is appropriated to facilitate the transfer.
The fund covers acquisition, improvement, and conditioning of the new site; construction, maintenance, and repair of buildings and other improvements; and acquisition of fixtures and equipment.
The source of funding is the proceeds from the excise tax on coconut oil.
Funds are to be released in specified tranches from 1939 to 1949, contingent upon certification of fund availability by the Secretary of Finance and approval by the President.
Initial amount of eight million five hundred thousand pesos reserved specifically includes the construction of a hospital.

The architecture of the new buildings and improvements must reflect the culture, characteristics, and ideals of the Philippine nation.
The Board of Regents is authorized to organize and regulate an architectural design contest to select the best plan for the buildings and grounds.
A prize of twenty-five thousand pesos is set aside for the winning design, sourced from the appropriated funds.
The contest is to be judged by a panel of three members appointed by the President of the Philippines.

The Board of Regents must submit an annual report detailing the progress of the transfer.
Reports must be submitted to both the President of the Philippines and the National Assembly.