Law Summary
Scope and Application
- Applies to all real property owned by the Insular Government located within any province or municipality in the Philippine Islands.
- The conveyance may involve transferring the property to the provincial or municipal authorities that desire to acquire, lease, or exchange property.
Limitations and Preservation of Existing Laws
- The Act does not amend or repeal any pre-existing laws that govern the sale or lease of Insular Government public property under specific conditions.
- Existing Acts providing conditions for such transactions remain in full effect.
Effectivity Clause
- The Act takes effect immediately upon its passage, enabling prompt implementation of its provisions.