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Present Provincial Properties. - Following the plebiscite and creation of the provinces, the ownership of real properties and infrastructure projects of each LGU situated in the present Province of Palawan shall belong to the province where it is situated. Real properties located in the City of Puerto Princesa, owned by the present Province of Palawan or held in trust for the national government, shall be co-owned and/or co-managed by the three (3) provinces for the mutual benefit of its constituents. Decision as to its use and disposition shall be made upon a consensus of at least two (2) provinces to be embodied in a memorandum of agreement duly entered into in accordance with the Local Government Code of 1991, as amended.
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