Law Summary
Mandate of the Urban Asset Reform Project Management Office
- The UARPMO is tasked with developing ideas inspired by economist Hernando de Soto.
- The focus is on integrating formal and informal settlements into a unified legal system.
- This framework serves as the foundation for Philippine urban asset reform.
Composition and Coordination Mechanism
- The Office of the President initiates the urban asset reform program through the UARPMO.
- The UARPMO coordinates social acceptance, advocacy campaigns, and sourcing of project funds from Official Development Assistance (ODA).
- It builds capacity within the Presidential Commission on the Urban Poor (PCUP) for managing asset transformation in informal sectors.
- The Deputy Executive Secretary for Finance and Administration handles administrative operations of the UARPMO.
Institutional Relationships
- The UARPMO operates under the Office of the President.
- All government departments, agencies, or instrumentalities are mandated to cooperate with the UARPMO to fulfill its objectives.
Objectives of the Urban Asset Reform Project Management Office
- To introduce a socially accepted property system integrating urban poor settlers into the mainstream economy.
- To create mechanisms within the PCUP empowering settlers to legalize extralegal and business assets.
- To establish legal instruments for mobilizing and allocating formalized assets and businesses of poor settlers for productive use.
Tasks and Activities
- Conduct research and field studies to gather reference information and assess institutional/systemic practices and challenges.
- Review Hernando de Soto's proposals and comparative models, then recommend appropriate actions to the President.
- Implement an intensive advocacy program to secure social acceptance from all stakeholders.
- Facilitate preparation of frameworks to transform estate systems and improve titling in informal settlements.
- Enable formation of productive ties and networks among newly formalized poor owners, entrepreneurs, and other sectors.
Budget and Resource Management
- The UARPMO utilizes resources from the former ODA Absorption Office.
- Funding comes from savings of the former office and annual budget allocations.
- Future budget proposals are incorporated in the Office of the President’s submissions.
- The UARPMO absorbs equipment, facilities, office space, and qualified personnel from the former ODA Absorption Office.
Effect of the Executive Order on Existing Issuances
- Any executive issuances, orders, rules, or regulations inconsistent with this order are revoked, amended, or modified accordingly by this Executive Order.