Sec. 2. The sum of two hundred thousand pesos, or so much thereof as may be necessary, is authorized to be appropriated, out of any funds in the National Treasury not otherwise appropriated, for the operation and maintenance of the Bicol Regional School of Arts and Trades during the school year 1954-1955. Such sums as thereafter may be needed for the same purpose shall be included in the annual General Appropriation Act.

Sec. 3. The Secretary of Education is hereby empowered to make the necessary negotiations for the transfer without cost of such site, buildings, equipment, and other facilities of the Albay Trade School to the National Government, and to locate and acquire or cause to be located and acquired such additional site for the purpose of this Act which may be public or private lands situated within the Province of Albay.

Sec. 4. This Act shall take effect upon its approval.

Approved: June 16, 1954