Background and Ownership of the Property
- The property in question consists of 121,730 square meters in Makati, registered under TCT Nos. 458364, 458365, 458366, and 458367 by the Registry of Deeds of Rizal.
- The National Government and NPC are the registered owners.
- A lease contract was executed in January 1977 with the Technological Resource Center Foundation, Inc. (now PDAF) for 25 years, with a consideration of P1.00 per square meter annually.
- The property was identified as a surrendered asset of the PCGG, which exercised government representation in PDAF's Board of Trustees.
- Ownership and control of the property have merged and reverted fully to the National Government and NPC.
Powers and Functions of the Inter-Agency Committee
- The IAC shall exercise all powers necessary to:
- Identify and designate the scope of control, administration, and supervision over PDAF as a surrendered asset.
- Formulate rules, procedures, and guidelines for the immediate turnover of the property.
- Coordinate with the Commission on Audit to form an Auditing Task Force to investigate, inventory, and audit PDAF assets.
- Secure all relevant documents, financial records, reports, and communications relating to PDAF.
- Identify undeveloped and disposable areas of the property for economically viable projects.
- With the President’s approval, undertake joint venture projects to develop idle property portions, ensuring compliance with laws on public property use.
- Represent the National Government and/or NPC in all matters affecting the property, particularly protecting the rights of current occupants.
- Appear and represent the government in transactions, actions, or litigation concerning the property pending the appointment of a regular Administrator.
- Perform additional functions as directed by the President necessary to achieve the Executive Order's objectives.
Secretariat and Funding
- The NPC provides the Secretariat for the IAC.
- Expenses for the IAC, including honoraria for members (capped at P6,000 per month), are chargeable to NPC funds, subject to availability and applicable accounting and auditing rules.
Reporting and Compliance
- The IAC must submit a report to the President within 60 days of the Executive Order's issuance for information and/or disposition.
Repeal and Effectivity
- All existing orders, rules, regulations, or parts inconsistent with this Executive Order are repealed or modified accordingly.
- The Executive Order takes effect immediately upon issuance.