AN ACT AMENDING SECTIONS 2 AND 3 OF REPUBLIC ACT NO. 2339
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AN ACT AMENDING SECTIONS 2 AND 3 OF REPUBLIC ACT NO. 2339
Republic Act No. 9415
March 25, 2007
Case Overview and Summary
Summary of Republic Act No. 9415Amending Sections 2 and 3 of Republic Act No. 2239
- Allows the construction of a permanent Ramon Magsaysay Award Foundation Building on the land conveyed by Republic Act No. 2239. (Section 1)
- A condominium building may be constructed on a portion not exceeding 2,000 square meters. (Section 1)
- Allows the lease or sale of the property or any space in the building to be constructed, subject to the following conditions: (Section 2)
- The Foundation shall have a pre-emptive right to repurchase the property from the vendee.
- The proceeds from the lease or sale shall be utilized for the purposes of the Foundation, including:
- Preservation of values of integrity, respect for human dignity, and principled leadership characterized by the late President Ramon Magsaysay.
- Propagation of the ideas and programs of the Magsaysay Awardees in service to the peoples of Asia.
- Repeals or amends other laws, rules, and regulations inconsistent with this amendatory law. (Section 3)
- Takes effect 15 days after complete publication in the Official Gazette or two newspapers of general circulation, whichever comes earlier. (Section 4)
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Republic Acts
Ramon Magsaysay Award Foundation
Condominium Building
Land Conveyance
Lease or Sale of Property
Pre-emptive Right to Repurchase
Proceeds Utilization
Integrity
Human Dignity
Principled Leadership
Magsaysay Awardees
Service to Asia
Repealing Inconsistent Laws
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AN ACT AMENDING SECTIONS 2 AND 3 OF REPUBLIC ACT NO. 2339
Republic Act No. 9415
•March 25, 2007
Republic of the Philippines
Congress of the Philippines
Metro Manila
Thirteenth CongressThird Regular Session
Begun and held in Metro Manila, on Monday, the twenty-fourth day of July, two thousand six.
Republic Act No. 9415             March 25, 2007
AN ACT AMENDING SECTIONS 2 AND 3 OF REPUBLIC ACT NO. 2239, AND FOR OTHER PURPOSES
Be it enacted by the Senate and the House of Representatives of the Philippines in Congress assembled:
SECTION 1. Section 2, of Republic Act. No. 2239 is hereby amended to read as follows:
"SEC. 2. This conveyance is made for the purpose of enabling the Foundation to allow the construction on said land a permanent Ramon Magsaysay Award Foundation Building. In a portion of the land not exceeding two thousand square meters (2,000 sq.m), a condominium building may be constructed within reasonable limits as provided herein".
SEC. 2. Section 3 of Republic Act No. 2239 is hereby amended to read as follows:
"SEC. 3. The property or any space in the building to be constructed therein...
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