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. 9415

Amending 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)

Amends

n/a

Amended by

n/a

Tags

Statutes

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

Effectivity Date

Official Gazette

Newspaper Publication

Law

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 &nbsp &nbsp &nbsp &nbsp &nbsp &nbsp 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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AN ACT AMENDING SECTIONS 2 AND 3 OF REPUBLIC ACT NO. 2339

Amends

n/a

Amended by

n/a

Tags

Statutes

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

Effectivity Date

Official Gazette

Newspaper Publication

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 &nbsp &nbsp &nbsp &nbsp &nbsp &nbsp 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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AN ACT AMENDING SECTIONS 2 AND 3 OF REPUBLIC ACT NO. 2339