Law Summary
Defined Boundaries of Quezon City
- The city covers approximately 15,660 hectares.
- Specific boundary coordinates and geographic markers are detailed, including rivers and reservations.
- Boundaries adhere to those fixed in prior Commonwealth Acts.
Creation and Composition of the Capital City Planning Commission
- The Commission consists of seven members; three are non-government officials.
- Members are appointed by the President with consent from Congress's Commission on Appointments.
- Members receive per diems and travel expenses; the chairman receives a fixed annual salary.
- An executive secretary is appointed based on qualifications.
Powers and Duties of the Capital City Planning Commission
- Develop and adopt a comprehensive physical development plan for Quezon City.
- Establish zoning districts and regulate building heights, population density, and signage.
- Formulate regulations for acquisition and subdivision of private lands for various zones.
- Appoint technical staff and consultants with salaries fixed by the Commission.
- Ensure the city's development promotes health, safety, morals, convenience, prosperity, efficiency, and economy.
Appropriations and Funding
- Php 150,000 appropriated for Commission salaries, per diems, and operational expenses.
Survey and Planning Instructions
- Director of Lands must survey the defined area within thirty days; deliver a detailed plan within 120 days.
- Plan includes ownership, area, assessed values, and boundary indications.
Submission and Execution of the Master Plan
- The Commission must submit the master plan to the President for approval within one year.
- The Commission executes the master plan after presidential approval.
- Lot sales or leases require the President's approval.
Acquisition and Pricing of Private Estates
- The Commission may acquire private estates within city boundaries through purchase or expropriation.
- Price capped at assessed value as of January 1, 1946.
- Public sale price includes cost plus 6%; installment sales carry an additional 4% annual interest.
- Costs include subdivision planning and municipal improvements.
- Lease rates in commercial/industrial zones set by the Commission with presidential approval.
- Priority given to highest bidders where practicable.
Bond Issuance Authorization
- President may issue bonds up to Php 20 million for estate acquisition, subdivision, and infrastructure development.
- Terms, interest rates, and maturities determined by the President.
- Bonds payable in Philippine or equivalent US currency.
- Bonds are tax-exempt.
Creation and Management of a Sinking Fund
- Sinking fund established to cover bond payments, calculated as an annuity plus accrued interest.
- Managed by the Central Bank with investments subject to Monetary Board approval.
- Investment expenses charged to the sinking fund; all income credited back.
Appropriations for Sinking Fund and Bond Expenses
- Annual standing appropriation for sinking fund and bond interest from the National Treasury.
- Additional appropriation for bond issuance and sale costs.
Supervision of Improvements and Use of Income
- The Commission supervises all projects funded from bond proceeds.
- Projects begin upon fund availability certification by the Treasurer.
- Income from lot sales and rentals returned to the revolving fund.
- Fund used solely for master plan execution, improvements, and public service maintenance.
Repeal of Conflicting Laws
- All inconsistent acts, executive orders, or regulations are repealed.
Effectivity
- The Act takes effect immediately upon approval.