Republic Acts1 min read
Section 3Sec./Art. 3
Personal notes Saved on this device
0 / 5,000 charactersReport page issue
Answer First
Primary Text
Section 80 of the same Act is hereby further amended by adding a new subsection thereto to read as follows:
"(7) At least sixty percent (60%) of the proceeds of the sale of the stocks, securities and other assets of the government now under administration by the Asset Privatization Trust (APT) shall be transferred to the Land Bank of the Philippines for use in the payment of agricultural lands acquired pursuant to Presidential Decree No. 27 and Republic Act No. 6657."
Use With Care
Definitions and exceptions often appear before or after this text.
Court decisions may interpret, limit, or apply this provision.
Confirm amendment, repeal, effectivity, and official publication.