Use of Proceeds from Land Sales
- All proceeds from the sale of the subdivided lots must be turned over to the Municipality of Angono.
- These funds are specifically earmarked for the renovation or completion of the municipal building.
Rulemaking Authority
- The Secretary of Agriculture and Natural Resources is empowered to issue necessary rules and regulations for the implementation of this Act.
- Such issuance of rules requires the approval of the President of the Philippines.
Effectivity of the Act
- The Act becomes effective immediately upon approval.
Key Legal Concepts and Provisions
- Conversion of government-acquired land for public benefit.
- Prioritization of landless residents in land disposition.
- Restriction on purchase quantity to prevent monopolization.
- Earmarking of sale proceeds for municipal infrastructure development.
- Delegation of regulatory authority to an executive department with presidential oversight.
- Immediate enforceability ensuring prompt implementation.