PRESIDENTIAL DECREE NO. 1762

: Presidential Decree No. 1762 concerns the transfer, ceding, and conveying of the Burnham Park Reservation in Baguio City to the Philippine Tourism Authority (PTA) for tourism development purposes.
: The Philippine Tourism Authority (PTA) is given immediate possession, administration, and control of the Burnham Park Reservation.
: The park was transferred to the Philippine Tourism Authority for tourism development purposes.
: Yes, the Philippine Tourism Authority may not alienate, mortgage, or otherwise encumber the Burnham Park Reservation or any portion thereof.
: Burnham Park was reserved for park purposes under Proclamation No. 64 promulgated on August 6, 1925.
: The decree provides a detailed description of the land boundaries by metes and bounds, specifying lot numbers, points, and measurements, covering a total area of 328,394.39 square meters in the City of Baguio.
: Yes, the Philippine Tourism Authority is authorized to review any contracts, agreements, or covenants related to the park and terminate those inconsistent with the purpose of the decree.
: The decree took effect immediately upon its approval on January 6, 1981.
: All laws, decrees, proclamations, and executive orders inconsistent with Presidential Decree No. 1762 are revoked or modified accordingly.