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PRESIDENTIAL DECREE NO. 151
PRESIDENTIAL DECREE NO. 151 -
ALLOWING CITIZENS OF THE PHILIPPINES OR CORPORATIONS OR ASSOCIATIONS AT
LEAST SIXTY PER CENTUM OF THE CAPITAL OF WHICH IS OWED BY SUCH CITIZENS
TO ENTER INTO SERVICE CONTRACTS WITH FOREIGN PERSONS, CORPORATIONS FOR
THE EXPLORATION, DEVELOPMENT, EXPLOITATION OR UTILIZATION OF LANDS OF
THE PUBLIC DOMAIN, AMENDING FOR THE PURPOSE CERTAIN PROVISIONS OF
COMMONWEALTH ACT NO. 141
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WHEREAS,
the general policy of the State is to limit the disposition,
exploration, development, exploitation or utilization of lands of the
public domain in the Philippines to citizens of the Philippines or to
corporations or associations at least sixty per centum of the capital
of which is owned by such citizens; chanroblesvirtualawlibrary
WHEREAS, the national interest demands that such citizens, corporations
or associations be allowed to enter into service contracts for
financial, technical, management or other forms of assistance with any
foreign person or entity for the exploration, development, exploitation
or utilization of such lands of the public domain.
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Republic of
the Philippines, by virtue of the powers in me vested by the
Constitution as Commander-in-Chief of all the Armed Forces of the
Philippines, and pursuant to Proclamation No. 1081, dated September 21,
1972, and General Order No. 1, dated September 22, 1972, as amended, do
hereby decree and order the following:cralaw:red
1. Citizens of the Philippines or corporations or
associations which have acquired lands of the public domain or which
now own, hold or control such lands under the Public Land Act or any
other law, are hereby allowed to enter into service contracts for
financial, technical, management or other forms of assistance with any
foreign person or entity whenever and wherever such contracts are vital
to achieve sound and more expeditious exploration, development,
exploitation or utilization of such lands owned, held or controlled by
such citizens or corporations.
2. For purposes of this Decree, a service contract
with a foreign citizen or entity for financial, technical, management
and other forms of assistance shall be considered vital to a national
interest if, consistent with requirements for national security, the
exploration, exploitation or utilization of land subject thereof is
necessary for carrying out agricultural, industrial and commercial
development projects such as the development of export oriented
industries, import substitution and other dollar saving industries,
cottage industries, cooperative development, land reform, research
projects, and such other activities which may be certified by the
President upon recommendation of the National Economic Development
Authority as vital to national interest.
3. No service contract for financial, technical,
management or other forms of assistance shall be valid without the
prior approval of the Secretary of Agriculture and Natural Resources
shall promulgate such rules and regulations as may be necessary to
carry this Decree into effect. chanroblesvirtualawlibrary
4. Service contracts for financial, technical,
management or other forms of assistance that are valid and existing as
of January 17, 1973, shall be recognized and the terms and conditions
thereof shall remain in full force and effect unless modified by the
parties thereto.
5. Any provision of existing law, rule, regulation or
order that is contrary to, or inconsistent herewith is hereby amended
or repealed as the case may be.
6. This Decree takes effect immediately.
Done in the City of Manila,
this 13th day of March, in the year of Our Lord, nineteen hundred and
seventy-three.
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