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Powers over Homeowners Associations. The powers authorities and responsibilities vested in the Corporation with respect to homeowners association under Republic Act No. 580, as amended by executive Order No. 535 is hereby transferred to the housing and Land use Regulatory Board (HLURB).
Subject to existing laws, the HLURB is hereby authorized to create additional positions and augment its present budget as may be needed for the operation and maintenance of the newly created unit or office as a consequence of the transfer of functions and powers.
Pending the approval of the HLURB Revised Staffing and Organizational plan and release of budgetary allocations thereof, the Corporation shall extend technical, operational and administrative assistance to the HLURB as may be mutually deemed necessary to ensure smooth turnover of functions. However, such assistance shall not extend beyond a period of one (1) year from date of activity of this Act.
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