H. No. 15936 / 65 OG No. 47, 13006 (November 24, 1969)
(a) At least sixty percent of scholarships available for any year shall be provided students in the natural and physical sciences, engineering, agriculture, fisheries, forestry, economics and public administration.SEC. 2. There is hereby appropriated, out of any funds in the National Treasury not otherwise appropriated, the sum of one million pesos, to finance the system of scholarships of the University of the Philippines beginning in the fiscal year nineteen hundred seventy. Thereafter, the said amount shall be included in the General Appropriations Act. Said amount shall be allocated to the University of the Philippines as a special budgetary allocation, in addition to its regular annual appropriation: Provided, That all unexpended balances of said appropriation shall remain available for expenditure for scholarships even after the close of any fiscal year, any provision of existing laws to the contrary notwithstanding.
(b) Scholarships shall be uniform and shall consist of amounts fixed by the Board of Regents for school and living expenses, including matriculation, books, board and lodging. The amount fixed for living expenses shall be paid directly to the student every month as long as he meets the terms and conditions fixed by the University.