Laguna Lake Development Authority Act

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Republic Act No. 4850: Laguna Lake Development Authority Act

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Title Source: Supreme Court: Laguna Lake Development Authority Act

Law: Republic Act No. 4850

Decision Date: Jul 18, 1966

The Laguna Lake Development Authority Act of 1966 establishes the Laguna Lake Development Authority as a body corporate with the power to lead and promote the development of the Laguna Lake area, conduct surveys, provide assistance to investors, and undertake reclamation projects, among other activities, with an authorized capital of P100,000,000 and the ability to issue bonds, while being exempt from taxes and guaranteed by the Republic of the Philippines.

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