Question & AnswerQ&A (EXECUTIVE ORDER NO. 833)
The National Government supports a single national property valuation system intended to stimulate the land market for capital mobilization and positively impact the national and local economies.
The PVO is housed under the Department of Finance (DOF) until the legislation creating a national valuation authority is approved.
The PVO is headed by a Director and is composed of the following divisions: Policy, Planning, Monitoring and Evaluation; Valuation Database and Information System; Valuation Standards; Valuation Education and Training; Finance and Administration; and other divisions as necessary.
The PVAC is an advisory committee created to assist the PVO, headed by the Executive Director of the Bureau of Local Government Finance (BLGF), and includes representatives from various government agencies and sectors.
If the VRA bill is enacted, the PVO shall be transformed into the national valuation authority with its budget and operations defined under the VRA.
The Maintenance and Other Operating Expenses (MOOE) and Capital Outlay (CO) of the PVO are funded through the Land Administration and Management Project (LAMP) as long as these projects exist.
Until the passage of the VRA, the LAMP2 Management Committee or subsequent LAM projects provide policy guidance to the PVO and the PVAC. If the VRA is not approved, PVO remains under the supervision of the Department of Finance or its assigned agency.
Section 6 repeals or modifies all other Presidential directives, issuances, orders, rules, and regulations or parts thereof, inconsistent with the provisions of this Executive Order.
The Executive Order took effect immediately upon its publication in a newspaper of general circulation.