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REPUBLIC ACT NO. 9415 - AN ACT
AMENDING SECTIONS 2 AND 3 OF REPUBLIC
ACT NO. 2239, AND FOR OTHER PURPOSES
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Begun and held in Metro Manila, on Monday,
the Twenty-Fourth day of July, Two Thousand Six.
Be it enacted by the Senate and the House of Representatives of the Philippines in Congress assembled: Section 1. Sec. 2, of Republic Act. No. 2239 is hereby amended to read as follows: “Sec. 2. This conveyance is made
for the purpose of enabling the Foundation to allow the construction on
said land a permanent Ramon Magsaysay Award Foundation Building. In a
portion of the land not exceeding two thousand square meters (2,000
sq.m), a condominium building may be constructed within reasonable
limits as provided herein”.
Sec. 2. Section 3 of Republic Act. No. 2239 is hereby amended to read as follows: “SEC. 3. The property or any
space in the building to be constructed therein may be leased or sold
in accordance with the provisions of the Condominium Law: Provided,
That any deed of conveyance executed by the Foundation shall include
its pre-emptive right to repurchase the property from the vendee: and
Provided, further, That the proceeds for such lease or sale shall be
utilized for purposes for which the Foundation has been established
including, but not limited to, the preservation of values of integrity,
respect for human dignity and principled leadership characterized by
the late President Ramon Magsaysay, and the propagation of the ideas
and programs of the Magsaysay Awardees in service to the peoples of
Asia.”
Sec. 3. The other pertinent provisions of Republic Act. No. 2239, and other laws, rules and regulations which are inconsistent with this amendatory law are hereby repealed or amended accordingly. Sec. 4. This law shall take effect fifteen (15) days following its complete publication in the Official Gazette or two newspapers of general circulation, whichever comes earlier. Approved: (Sgd.) MANNY VILLAR
President of the Senate (Sgd.) JOSE DE VENECIA, JR. Speaker of the House of Representatives This Act which originated in the Senate was finally passed by the Senate and House of Representatives on February 5, 2007 and February 7, 2007, respectively. (Sgd.) OSCAR G. YABES
Secretary of the Senate (Sgd.) ROBERTO P. NAZARENO Secretary General House of Representatives Approved:
March 25, 2007
GLORIA MACAPAGAL-ARROYO
President of the Philippines |
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