Initiation of Expropriation Proceedings
- Upon appropriation of funds by Congress for just compensation, the Solicitor General or another proper government authority is empowered to initiate expropriation proceedings.
- Such proceedings are to be conducted before the Court of First Instance of Quezon City.
Sale of Lots to Bona Fide Occupants
- After expropriation, the lots of the Tatalon Estate shall be sold to their present bona fide occupants.
- Sales shall be at cost, payable in not more than 240 equal monthly installments.
- Interest on unpaid balance shall not exceed six percent per annum.
Protection from Ejectment Proceedings
- During the pendency of the expropriation proceedings, no ejectment proceedings may be initiated or continued against present occupants of any lot.
- No lot or portion thereof may be sold by the owners to anyone other than the present occupant without the occupant's consent in a public instrument.
Liability for Violation of Ejectment Provisions
- Owners, managers, agents, or representatives violating the prohibition on ejectment or unauthorized sale shall be liable for exemplary damages equal to actual damages suffered by the occupant.
- They are also liable for attorney's fees and litigation expenses incurred by the occupant.
Restriction on Alienation of Acquired Lots
- Persons acquiring lots under this Act may not sell, transfer, mortgage, or otherwise dispose of the lots within five years from full ownership vesting.
- Disposal within this period requires consent from the Secretary of Agriculture and Natural Resources.
Appropriation of Funds and Fund-Raising Methods
- A sum of ten million pesos is appropriated for the execution of this Act.
- This appropriation does not preclude other fund-raising methods as determined by the President, including government bonds or Japanese reparations proceeds.
Effectivity
- The Act takes effect immediately upon approval.
- It was enacted without executive approval on August 3, 1959.