Section 4. The government of the Naval Institute of Technology is hereby vested in a Board of Trustees, to be composed of the Secretary of Education, who shall be ex-officio Chairman of the Board, the Chairman of the Committee on Education of the Senate, the Chairman of the Committee on Education of the House of Representatives, the Director of Public Schools, the President of the Naval Institute of Technology and the President of the Chamber of Industries of the Philippines, as members. In the absence or inability of the Secretary of Education, the Undersecretary of Education shall act as the ex-officio Chairman of the Board. In the absence or inability of both the Secretary and Undersecretary of Education or when those positions are vacant, the other members of the Board may elect from among themselves a temporary chairman who shall act as chairman.

The member of the Board of Trustees and Secretary of the Board shall serve without compensation but shall be entitled to reimbursement for actual and necessary expenses incurred either in attendance upon meetings of the Board or upon other official business authorized by resolution of the Board.