PHILIPPINE LAWS, STATUTES AND CODES - CHAN ROBLES VIRTUAL LAW LIBRARY
MGA BATAS PAMBANSA
|BATAS PAMBANSA BLG. 233 - AN ACT
AUTHORIZING THE SALE OF COMMERCIAL AND INDUSTRIAL LANDS OF THE PUBLIC
DOMAIN (COMMONLY KNOWN AS NAFCO LANDS), TRANSFERRED FROM THE BOARD OF
LIQUIDATORS TO THE BUREAU OF BUILDING AND REAL PROPERTY MANAGEMENT
AMENDING FOR THE PURPOSE REPUBLIC ACT NUMBERED FOUR HUNDRED
SEVENTY-SEVEN, AS AMENDED
|Section 1. All
commercial and industrial lands of the public domain (commonly known as
NAFCO), which have been transferred from the Board of Liquidators to
the Bureau of Buildings and Real Property Management, under the
provisions of Executive Order No. 290, series of 1958, shall be sold
without bidding by the Bureau of Buildings and Real Property Management
to the actual occupants thereof who do not own residential, commercial
or industrial land: Provided, however, That the occupation in every
case shall in no case be less than 10 years, and lots which may still
be unoccupied or, if occupied, are not sought to be bought by their
actual occupants, or the occupation is less than ten years, shall be
disposed of through public auction among qualified persons who do not
own residential, commercial or industrial lands, except such portions
thereof as the President of the Philippines may reserve for the use of
the national or local government, or for the use of corporations or
entities owned or controlled by the government: Provided, further, That
unless otherwise provided herein, the disposition of lands under this
Act shall be governed by Commonwealth Act No. 141, as
Sec. 2. In the negotiated sale of the aforesaid lots, the consideration must not be less than the assessed value nor more than the prevailing price in the vicinity of said lots, to be determined by a committee of three to be composed of the city or provincial assessor, as chairman, and a representative of the Bureau of Buildings and Real Property Management and the district land officer, as members.
Sec. 3. Lands acquired under the provisions of this Act shall not be sold or otherwise alienated within a period of five years from such acquisition without the prior approval of the Director of General Services.
Sec. 4. The Director of the Bureau of Buildings and Real Property Management shall issue such rules and regulations as are necessary to implement the provisions of this Act, which shall take effect fifteen days after publications in a newspaper of general circulation.
Sec. 5. Sections two and three of Republic Act Numbered Four hundred seventy-seven, as amended by Presidential Decrees numbered Nine hundred sixty-seven and Thirteen hundred and four, and all acts, executive orders, rules and regulations inconsistent herewith, are hereby repealed or modified accordingly.
Sec. 6. Any violation of this Act shall subject the offender to an imprisonment of not less than six months and one day to six years and one day and a fine of not less than four hundred pesos but not more than one thousand pesos.
Sec. 7. This Act shall take effect upon its approval.
Approved: September, 12, 1982. (P.B. No. 454)
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