Section 9Sec./Art. 9

The Institute is hereby authorized to plan, construct, develop, improve, acquire, or lease buildings, farms, fields and other facilities, to purchase machineries, equipment, materials and supplies locally or abroad as may be necessary to carry out its functions and objectives. Moreover, the Institute shall enjoy exemption from taxes and other duties in the importation of such machineries, equipment, materials and supplies required in its research and development programs, subject to the provisions of Section 105 (s) of the Tariff and Customs Code, Section 103 (f) of the National Internal Revenue Code and the provisions on automatic appropriations under the General Appropriations Act.