Question & AnswerQ&A (PRESIDENTIAL DECREE NO. 774)
The main purpose of Presidential Decree No. 774 is to assign, transfer, and convey in fee simple certain parcels of land of the public domain situated in the City of Pasay to the Cultural Center of the Philippines to enable it to carry out its purpose of establishing and maintaining a national theatre, music hall, art gallery, and other related facilities.
The grantee of the parcels of land conveyed under Presidential Decree No. 774 is the Cultural Center of the Philippines (CCP).
President Ferdinand E. Marcos exercised powers vested in him by the Constitution to assign, transfer, and convey to the Cultural Center of the Philippines certain parcels of public domain land in fee simple.
The parcels of land conveyed under the decree are situated in the City of Pasay, Island of Luzon, with detailed boundaries described and surveyed as Swo-04-000078 and Swo-04-000141.
The first parcel (Swo-04-000078) contains an area of 104,717 square meters, and the second parcel (Swo-04-000141) contains an area of 400,000 square meters.
The lands and all improvements thereon shall revert to the Government of the Philippines after the payment of obligations if the Cultural Center of the Philippines ceases to exist.
"Fee simple" refers to absolute ownership of the property by the Cultural Center of the Philippines, subject only to the conditions stated in the decree, such as reversion upon cessation of the Center's existence.
The boundaries and descriptions of the parcels are detailed in the cadastral plans Swo-04-000078 and Swo-04-000141 with corresponding surveys and marked points as certified by geodetic engineers.
Presidential Decree No. 15 created the Cultural Center of the Philippines and initially granted certain parcels of land of the public domain for CCP's purposes, which this decree seeks to supplement by conveying additional lands.
This decree took effect immediately upon its signing on August 22, 1975.