Vesting in the Land Bank of the Philippines the Primary Responsibility To Determine the Land Valuation and Compensation For All Lands Covered Under Republic Act No. 6657, Known as the Comprehensive Agrarian Reform Law of 1988
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Vesting in the Land Bank of the Philippines the Primary Responsibility To Determine the Land Valuation and Compensation For All Lands Covered Under Republic Act No. 6657, Known as the Comprehensive Agrarian Reform Law of 1988
Executive Order No. 405
June 14, 1990
Case Overview and Summary
Summary of Executive Order No. 405Vesting in the Land Bank of the Philippines the Primary Responsibility to Determine Land Valuation and Compensation for All Lands Covered Under Republic Act No. 6657
- The Land Bank of the Philippines (LBP) shall be primarily responsible for determining the land valuation and compensation for all private agricultural lands under the Voluntary Offer to Sell (VOS) or Compulsory Acquisition (CA) arrangement as governed by Republic Act No. 6657. (Sec. 1)
• The Department of Agrarian Reform (DAR) shall make use of the LBP's determination of land valuation and compensation in performing its functions.
• After transferring titles from the landowner to the Republic of the Philippines, the LBP shall inform the DAR to proceed with distributing the lands to qualified agrarian reform beneficiaries within the specified time.
- The DAR shall continue to perform its functions under Republic Act No. 6657, particularly in identifying priority landholdings for coverage under the Comprehensive Agrarian Reform Program. (Sec. 2)
- The LBP is authorized to augment its manpower resources for implementing this Executive Order. (Sec. 3)
- This Executive Order shall not diminish the rights and remedies of landowners and agrarian reform beneficiaries under Republic Act No. 6657. (Sec. 4)
- This Executive Order shall take effect immediately. (Sec. 5)
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Vesting in the Land Bank of the Philippines the Primary Responsibility To Determine the Land Valuation and Compensation For All Lands Covered Under Republic Act No. 6657, Known as the Comprehensive Agrarian Reform Law of 1988
Executive Order No. 405
•June 14, 1990
EXECUTIVE ORDER NO. 405 June 14, 1990
VESTING IN THE LAND BANK OF THE PHILIPPINES THE PRIMARY RESPONSIBILITY TO DETERMINE THE LAND VALUATION AND COMPENSATION FOR ALL LANDS COVERED UNDER REPUBLIC ACT NO. 6657, KNOWN AS THE COMPREHENSIVE AGRARIAN REFORM LAW OF 1988
WHEREAS, Republic Act No. 6657, Chapter VI, provides in part that:
"Sec. 17. Determination of Just Compensation. In determining just compensation, the cost of acquisition of the land, the current value of like properties, its nature, actual use and income, the sworn valuation by the owner, the tax declarations and the assessment made by the government assessors shall be considered. The social and economic benefits contributed by the farmers and the farm-workers and by the Government to the property as well as the non-payment of taxes or loans secured from any government financing institution on the said land shall be considered as additional factors to determine its valuation.
Sec. 18. Valuation and Mode of Compensation. The LBP shall compensate the landowner in such amount as may be agreed upon by the landowner...
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Amends
n/a
Amended by
n/a
Tags
Executive Issuances
Executive Orders
land valuation
compensation
land bank of the philippines
comprehensive agrarian reform law
voluntary offer to sell
compulsory acquisition
department of agrarian reform
agrarian reform beneficiaries
land distribution
land transfer
manpower resources
landowners' rights
EXECUTIVE ORDER NO. 405 June 14, 1990
VESTING IN THE LAND BANK OF THE PHILIPPINES THE PRIMARY RESPONSIBILITY TO DETERMINE THE LAND VALUATION AND COMPENSATION FOR ALL LANDS COVERED UNDER REPUBLIC ACT NO. 6657, KNOWN AS THE COMPREHENSIVE AGRARIAN REFORM LAW OF 1988
WHEREAS, Republic Act No. 6657, Chapter VI, provides in part that:
"Sec. 17. Determination of Just Compensation. In determining just compensation, the cost of acquisition of the land, the current value of like properties, its nature, actual use and income, the sworn valuation by the owner, the tax declarations and the assessment made by the government assessors shall be considered. The social and economic benefits contributed by the farmers and the farm-workers and by the Government to the property as well as the non-payment of taxes or loans secured from any government financing institution on the said land shall be considered as additional factors to determine its valuation.
Sec. 18. Valuation and Mode of Compensation. The LBP shall compensate the landowner in such amount as may be agreed upon by the landowner...
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