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A collection of Philippine laws, statutes and codes
not included or cited in themain indices
of the Chan Robles Virtual Law Library.
This page features the full text of
Republic Act No. 8532.
AN ACT STRENGTHENING FURTHER THE COMPREHENSIVE AGRARIAN REFORM PROGRAM (CARP), BY PROVIDING AUGMENTATION FUND THEREFOR, AMENDING FOR THE PURPOSE SECTION 63 OF REPUBLIC ACT NO. 6657, OTHERWISE KNOWN AS "THE CARP LAW OF 1988"
Section 1. Sec. 63 of Republic Act No. 6657, otherwise known as the Comprehensive Agrarian Reform Law of 1988 is hereby amended to read as follows:
"Additional amounts necessary for this purpose are hereby authorized to be appropriated in excess of the initial funds, amounting to Fifty billion pesos (P50,000,000,000.00) provided under Sections 20 and 21 of Executive Order No. 229.
"The additional amount hereby authorized to be appropriated shall in no case exceed Fifty billion pesos (P50,000,000,000.00).
of funding or appropriations shall include the following:
"b) All receipts from assets recovered and from sales of ill-gotten wealth recovered through the Presidential Commission on Good Government;
"c) Proceeds of the disposition of the properties of the Government in foreign countries, for the specific purposes of financing production credits, infrastructure and other support services required by this Act;
"d) All income and collections arising from the agrarian reform operations, projects and programs of CARP implementing agencies;
"e) Portion of amounts accruing to the Philippines from all sources of official foreign aid grants and concessional financing from all countries, to be used for the specific purposes of financing production, credits, infrastructures, and other support services required by this Act;
"f) Yearly appropriations of no less than Three billion pesos (P3,000,000,000.00) from the General Appropriations Act;
"g) Other government funds not otherwise appropriated."
Sec. 2. This Act shall take effect within fifteen (15) days following the completion of its publication in at least two (2) newspapers of general circulation.
Approved: February 23, 1998
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