Disposal of Commercial and Industrial Lots
- Commercial and industrial lots from public domain must be leased in accordance with Commonwealth Act No. 141 (as amended).
- If land is patrimonial property of the Republic, lease governed by Act No. 3038.
Sale of Subdivided Agricultural and Other Lots
- All subdivided lots, except commercial/industrial, are sold by NAOFC without the usual requirements of sales application, publication, or public auction per sections 24-26 of Commonwealth Act No. 141.
- Past sales done without these requirements are ratified.
- Preference given first to bona fide occupants as of December 12, 1946.
- Second preference to veterans, guerrilla members, and qualified persons who occupied from Dec. 13, 1946 to Dec. 31, 1948, limited to improved and maintained area.
- Unoccupied subdivided lots disposed of by drawing lots among qualified applicants.
Administration and Sale of Buildings
- Buildings transferred under the Philippine Property Act and Republic Act No. Eight are administered by the Director of Public Works.
- Director authorized to sell such buildings at public auction with veterans given the right to match highest bid.
- If buildings are on land subject to this Act, their sale is conducted by NAOFC as per sections 2 and 3.
Payment Terms and Price Appraisal
- Minimum 10% down payment before signing contract.
- Balance payable in full or up to ten equal annual installments with 5% interest per annum on unpaid balance.
- Price appraisal committees for agricultural lands and improvements: NAOFC, Philippine Veterans Legion, and Provincial/City Assessor.
- For urban homesites/residential: NAOFC, Auditor General, and Provincial/City Assessor.
Transfer of Records and Retention of Land for Model Plantations
- Other government branches must immediately transfer records, titles, plans, surveys, and income affected to NAOFC.
- NAOFC may retain up to 2,500 hectares for model plantations, experimental stations, and seedling purposes.
Reimbursement of Administrative Expenses
- NAOFC entitled to reimbursement for all expenses and investments from proceeds of land sales.
Restrictions on Encumbrance and Alienation
- Lands acquired and improvements cannot be encumbered or alienated, nor liable for debts, from award or contract date for ten years after title issuance.
- Any transfer of rights before award or sale contract signature is null and void.
- Those transferring rights before these dates lose the right to apply for another lot.
Governing Laws on Land Disposition
- Commonwealth Act No. 141, as amended, Act No. 3038, and related rules govern dispositions unless otherwise provided.
Expenses for Subdivision Survey
- Subdivision survey expenses must be paid by occupants proportionate to land area.
- NAOFC may delegate survey work to bonded deputy public land surveyors with occupants’ consent.
Use of Proceeds for Abaca Industry Rehabilitation
- Proceeds, after administrative expenses, form a special fund for abaca industry rehabilitation, at the President's disposal.
Supervisory Powers of NAOFC
- NAOFC authorized to supervise all lands disposable under this Act to protect the abaca industry.
Appropriation for Implementation
- Php 200,000 appropriated to NAOFC for accelerating subdivision survey and land disposition.
- This is in addition to amounts reimbursed by occupants.
Effectivity
- The Act took effect immediately upon approval on June 9, 1950.