Amendment to Sec. 1 of C.A. No. 20 Re: Appropriation of Additional Amount for Implementation of Said Act
Commonwealth Act No. 260, enacted on April 18, 1938, amends a previous act to empower the President of the Philippines to initiate expropriation proceedings for acquiring portions of land used as home sites, which can then be resold at cost to their legitimate occupants. The Act also appropriates an additional two million pesos from the excise tax on oil to support these efforts. This funding is intended to facilitate the implementation of the provisions outlined in the earlier Commonwealth Act. The law takes effect upon approval.
Law Information
- Reference Number
- Commonwealth Act No. 260
- Date Enacted
- Category
- Statutes
- Subcategory
- Commonwealth Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
April 18, 1938
COMMONWEALTH ACT NO. 260
AN ACT TO AMEND SECTION ONE OF THE COMMONWEALTH ACT NUMBERED TWENTY AND TO APPROPRIATE AN ADDITIONAL AMOUNT OF TWO MILLION PESOS, OR SO MUCH THEREOF AS MAY BE NECESSARY, FOR THE PURPOSE OF FULLY CARRYING OUT THE PROVISIONS OF SAID ACT
SECTION 1. Section One of Commonwealth Act Numbered Twenty is hereby amended so as to read as follows:
"SECTION 1. The President of the Philippines is authorized to order the institution of expropriation proceedings or to enter into negotiations for the purpose of acquiring portions of landed estates which are now used as home sites and reselling them at cost to their bona fide occupants."
SECTION 2. To fully carry out the intents and purposes of Commonwealth Act Numbered Twenty, an additional amount of two million pesos, or so much thereof as may be necessary, is appropriated out of the proceeds of the excise tax on oil now on deposit in the Treasury of the United States to the credit of the Government of the Commonwealth of the Philippines.
SECTION 3. This Act shall take effect on its approval.
Approved: April 18, 1938
Cite This Law
Amendment to Sec. 1 of C.A. No. 20 Re: Appropriation of Additional Amount for Implementation of Said Act, Commonwealth Act No. 260, Apr 18, 1938 (Philippines)
Amendment to Sec. 1 of C.A. No. 20 Re: Appropriation of Additional Amount for Implementation of Said Act, Commonwealth Act No. 260 (Phil. 1938)
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