Act No. 3024

: The main purpose of Act No. 3024 is to amend Section Nine of Act Numbered 1120, increasing the maximum area of 'Friar lands' that may be sold to individuals to one hundred hectares.
: Section Nine of Act Numbered 1120 is amended by Act No. 3024.
: The maximum area of friar lands that can be sold to an individual is increased to one hundred hectares.
: Yes, the sale of friar lands to a corporation shall not exceed one thousand and twenty-four hectares.
: Yes, the limitations do not apply to sales made to provincial or municipal governments or to any other branch, subdivision, or entity of the Government.
: The Director of Lands is directed to take possession and charge of any vacant friar lands and may lease such unoccupied lands for a term not exceeding three years or sell them as may be solicited.
: The Director of Lands must proceed as provided in Section Eleven of Act Numbered 1120 when making leases or sales of friar lands.
: Yes, the Director of Lands can lease vacant friar lands for a term not exceeding three years.
: Yes, Section 2 of the Act states that the Act shall take effect on its approval.
: Section Nine had been previously amended by Acts Numbered 1847, 1923, 2379, and 2509 before Act No. 3024 further amended it.