AN ACT STRENGTHENING FURTHER THE COMPREHENSIVE AGRARIAN REFORM PROGRAM (CARP)
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AN ACT STRENGTHENING FURTHER THE COMPREHENSIVE AGRARIAN REFORM PROGRAM (CARP)
Republic Act No. 8532
February 23, 1998
Case Overview and Summary
Funding for the Comprehensive Agrarian Reform Program (CARP)- Provides additional funding of up to 50 billion pesos for CARP implementation until 2008. (Section 1)
- Sources of funding include:
- Proceeds from Asset Privatization Trust sales (Section 1a)
- Receipts from recovered ill-gotten wealth (Section 1b)
- Proceeds from disposition of government properties abroad (Section 1c)
- Income from CARP operations (Section 1d)
- Foreign aid grants and concessional financing (Section 1e)
- Yearly appropriation of at least 3 billion pesos from the General Appropriations Act (Section 1f)
- Other unappropriated government funds (Section 1g)
- Effective 15 days after publication in at least two newspapers of general circulation. (Section 2)
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Statutes
Republic Acts
Comprehensive Agrarian Reform Program
CARP
funding
agrarian reform
Asset Privatization Trust
ill-gotten wealth
government properties abroad
foreign aid grants
concessional financing
General Appropriations Act
unappropriated funds
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AN ACT STRENGTHENING FURTHER THE COMPREHENSIVE AGRARIAN REFORM PROGRAM (CARP)
Republic Act No. 8532
•February 23, 1998
Republic of the Philippines
Congress of the Philippines
Metro Manila
Tenth Congress
Republic Act No. 8532             February 23, 1998
AN ACT STRENGTHENING FURTHER THE COMPREHENSIVE AGRARIAN REFORM PROGRAM (CARP), BY PROVIDING AUGMENTATION FUND THEREFOR, AMENDING FOR THE PURPOSE SECTION 63 OF REPUBLIC ACT NO. 6657, OTHERWISE KNOWN AS "THE CARP LAW OF 1988"
Be it enacted by the Senate and House of Representatives of the Philippines in Congress assembled::
Section 1. Sec. 63 of Republic Act No. 6657, otherwise known as the Comprehensive Agrarian Reform Law of 1988 is hereby amended to read as follows:
"Sec. 63. Funding source. – The amount needed to implement this Act until the year 2008 shall be funded from the Agrarian Reform Fund.
"Additional amounts necessary for this purpose are hereby authorized to be appropriated in excess of the initial funds, amounting to Fifty billion pesos (P50,000,000,000.00) provided under Sections 20 and 21 of Executive Order No. 229.
"The additional amount hereby authorized to be appropriated shall in no case exceed Fifty billion...
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Amends
n/a
Amended by
n/a
Tags
Statutes
Republic Acts
Comprehensive Agrarian Reform Program
CARP
funding
agrarian reform
Asset Privatization Trust
ill-gotten wealth
government properties abroad
foreign aid grants
concessional financing
General Appropriations Act
unappropriated funds
Republic of the Philippines
Congress of the Philippines
Metro Manila
Tenth Congress
Republic Act No. 8532             February 23, 1998
AN ACT STRENGTHENING FURTHER THE COMPREHENSIVE AGRARIAN REFORM PROGRAM (CARP), BY PROVIDING AUGMENTATION FUND THEREFOR, AMENDING FOR THE PURPOSE SECTION 63 OF REPUBLIC ACT NO. 6657, OTHERWISE KNOWN AS "THE CARP LAW OF 1988"
Be it enacted by the Senate and House of Representatives of the Philippines in Congress assembled::
Section 1. Sec. 63 of Republic Act No. 6657, otherwise known as the Comprehensive Agrarian Reform Law of 1988 is hereby amended to read as follows:
"Sec. 63. Funding source. – The amount needed to implement this Act until the year 2008 shall be funded from the Agrarian Reform Fund.
"Additional amounts necessary for this purpose are hereby authorized to be appropriated in excess of the initial funds, amounting to Fifty billion pesos (P50,000,000,000.00) provided under Sections 20 and 21 of Executive Order No. 229.
"The additional amount hereby authorized to be appropriated shall in no case exceed Fifty billion...
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