QuestionsQuestions (Republic Act No. 8532)
RA 8532 strengthens the Comprehensive Agrarian Reform Program (CARP) by providing an augmentation fund and amending Section 63 of RA 6657 (the CARP Law of 1988).
Section 63 of RA 6657, titled “Funding Source,” was amended.
The amount needed to implement CARP until 2008 shall be funded from the Agrarian Reform Fund.
Additional amounts in excess of the initial funds amounting to P50,000,000,000 are authorized. The additional amount authorized shall not exceed P50,000,000,000.
They are referenced as the basis for the initial funds amounting to P50,000,000,000; RA 8532 authorizes additional appropriations beyond that amount under specified limits.
Sources include: (1) proceeds from the sale of Assets Privatization Trust assets; (2) receipts from assets recovered and from sales of ill-gotten wealth recovered via PCGG; (3) proceeds from disposition of government properties in foreign countries for specified CARP purposes; (4) income/collections from CARP operations of implementing agencies; (5) portion of amounts accruing to the Philippines from official foreign aid grants and concessional financing for specified CARP purposes; (6) yearly appropriations of at least P3,000,000,000 from the General Appropriations Act; and (7) other government funds not otherwise appropriated.
At least Three billion pesos (P3,000,000,000) per year from the General Appropriations Act.
Examples: (1) proceeds of the sales of Assets Privatization Trust assets; (2) receipts from PCGG-recovered assets and sales of ill-gotten wealth; (3) proceeds from disposition of government properties in foreign countries.
It allows a portion of amounts accruing to the Philippines from official foreign aid grants and concessional financing, to be used for production credits, infrastructure, and other support services required by CARP.
They must be used for the specific purposes of financing production credits, infrastructure, and other support services required by CARP.
It refers to any other available government funds that have not been allocated to a specific purpose, which may be used as additional sources for CARP funding subject to appropriation rules.
The law takes effect within fifteen (15) days following completion of its publication in at least two (2) newspapers of general circulation.
To further strengthen CARP by authorizing augmentation funds and expanding/clarifying permissible funding sources.
No. The additional amount authorized to be appropriated shall not exceed P50,000,000,000.
The Presidential Commission on Good Government (PCGG). Receipts from assets recovered and from sales of ill-gotten wealth recovered through PCGG are listed as funding sources.