Supplements to Composition of Committee Charged With Disposition of Philippine Government Properties in Japan
Administrative Order No. 3-B, issued on May 28, 1987, supplements the composition of the committee responsible for managing Philippine government properties in Tokyo and Kobe, Japan. It establishes a subcommittee comprising key officials from major Philippine financial institutions to assess the properties and recommend whether they should be sold, leased, or developed. Additionally, former Ambassador Jose Laurel III is appointed as a representative to ensure compliance with Japanese laws in the transactions. The order mandates that public bidding is required and that any taxes or related expenses must be covered by the winning bidder. This order takes immediate effect.
Law Information
- Reference Number
- Administrative Order No. 3-B
- Date Enacted
- Category
- Presidential Issuances
- Subcategory
- Administrative Orders
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
May 28, 1987
ADMINISTRATIVE ORDER NO. 3-B
SUPPLEMENTING FURTHER THE COMPOSITION OF THE COMMITTEE CHARGED WITH THE DISPOSITION OF THE PHILIPPINE GOVERNMENT PROPERTIES LOCATED AT TOKYO AND KOBE, JAPAN AS STATED IN ADMINISTRATIVE ORDER NOS. 3 AND 3-A AND OTHER MATTERS
Sections 2-A and 2-B are hereby added to Section 2 of Administrative Order No. 3-A the same to read as follows:
Section 2-A. A subcommittee to be composed of the following:
1. The President, Philippine National Bank PNomeH
2. The Chairman, Development Bank of the Philippines
3. The Administrator, Social Security System
4. The President, Government Service Insurance System
5. The President, Land Bank of the Philippines
is hereby created. They shall determine whether to sell, or to lease, or construct a building on the properties, or determine on whatever manner the properties should be treated that would be most beneficial to the Philippine government and submit their recommendation thereon.
Section 2-B. Hon Jose Laurel III, former Philippine Ambassador to Japan, is hereby appointed as the representative of the Department of Foreign Affairs in the principal committee. Together with the incumbent Philippine Ambassador to Japan, Hon. Ramon del Rosario, they shall determine in what manner the transaction shall be undertaken taking into account the Japanese laws, and Metropolitan Tokyo laws involved. They shall also determine which of the three (3) Tokyo properties should be the subject of study of the subcommittee.
Furthermore, the guidelines in the Memorandum dated 21 October 1986 directing, among other things, that a public bidding should take place; that any taxes, if any, due the Japanese government or to local government and expenses incidental thereto should be shouldered by the winning bidder; shall remain in full force and effect. ADSIaT
This Administrative Order shall take effect immediately.
DONE in the City of Manila, this 28th day of May, in the year of Our Lord, Nineteen Hundred and Eighty-Seven.
Cite This Law
Supplements to Composition of Committee Charged With Disposition of Philippine Government Properties in Japan, Administrative Order No. 3-B, May 28, 1987 (Philippines)
Supplements to Composition of Committee Charged With Disposition of Philippine Government Properties in Japan, Administrative Order No. 3-B (Phil. 1987)
Browse More Presidential Issuances
Explore other laws in the Presidential Issuances category.
View All Presidential IssuancesNeed Help Understanding This Law?
Ask our AI assistant to explain provisions, implications, or related laws.
Ask AI About This Law