EXECUTIVE ORDER NO. 1083 January 28, 1986
CONDONATION OF ACCRUED INTERESTS ON OVERDUE LAND ORGANIZATION PAYMENTS AND/OR RENTALS BY AGRARIAN REFORM BENEFICIARIES IN ALL LANDED ESTATES ADMINISTERED BY THE MINISTRY OF AGRARIAN REFORM
WHEREAS, due to force majeure and other economic difficulties, the farmer-beneficiaries in government-acquired landed estates have generally failed to pay their land amortization and/or rentals in these estate;
WHEREAS, accrued rentals and interest in these estates have accumulated to a considerable amount whereby the farmer-beneficiaries concerned can not afford to pay;
WHEREAS, it is the policy of the government to extend all possible assistance to farmers especially during this period of national economic recovery;
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by law, do hereby condone all accrued interest on the overdue land amortization of all agrarian interest on the overdue land amortization of all agrarian reform beneficiaries and/or the rental payments in these estates as of December 31, 1985.
Done in the City...
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Executive Orders
Condonation Of Accrued Interests On Overdue Land Organization Payments And/Or Rentals By Agrarian Reform Beneficiaries In All Landed Estates Administered By The Ministry Of Agrarian Reform
Executive Order No. 1083
Summary of Executive Order No. 1083
Condonation of Accrued Interests on Overdue Land Amortization Payments and/or Rentals by Agrarian Reform Beneficiaries
- Recognizes that due to force majeure and other economic difficulties, farmer-beneficiaries in government-acquired landed estates have generally failed to pay their land amortization and/or rentals, resulting in the accumulation of considerable accrued rentals and interest that they cannot afford to pay.
- In line with the government's policy to extend assistance to farmers, especially during the period of national economic recovery, the order condones all accrued interest on the overdue land amortization payments and/or rental payments of all agrarian reform beneficiaries in these estates as of December 31, 1985.
Condonation of Accrued Interests on Overdue Land Amortization Payments and/or Rentals by Agrarian Reform Beneficiaries
- Recognizes that due to force majeure and other economic difficulties, farmer-beneficiaries in government-acquired landed estates have generally failed to pay their land amortization and/or rentals, resulting in the accumulation of considerable accrued rentals and interest that they cannot afford to pay.
- In line with the government's policy to extend assistance to farmers, especially during the period of national economic recovery, the order condones all accrued interest on the overdue land amortization payments and/or rental payments of all agrarian reform beneficiaries in these estates as of December 31, 1985.