Section 7Sec./Art. 7

Inventory of Lands.- Within one (1) year from the effectivity of this Act, all city and municipal governments shall conduct an inventory of all lands and improvements thereon within their respective localities. The inventory shall include the following:

a. Residential lands;

b. Government-owned lands whether owned by the National Government or any of its subdivisions, instrumentalities, or agencies, including government-owned or-controlled corporation and their subsidiaries;

c. Unregistered or abandoned and idle lands; and

d. Other lands.

In conducting the inventory, the local government units concerned, in coordination with the Housing and Land Use Regulatory Board and with the assistance of the appropriate government agencies, shall indicate the type of land use and the degree of land utilization, and other data or information necessary to carry out the purposes of this Act.

For planning purposes, the housing and Urban Development Coordinating Council shall be furnished by each local government unit a copy of its inventory which shall be updated every three (3) years.