AMENDING PRESIDENTIAL DECREE NO. 1314. EXEMPTING PROJECT BENEFICIARIES OF THE TONDO FORESHORE DEVELOPMENT PROJECT WHO OWN AND HOLD ORIGINAL AND/OR TRANSFER CERTIFICATE OF TITLE TO LAND ISSUED THROUGH HE PREDECESSOR GOVERNMENT AGENCIES OF THE NATIONAL HOUSING AUTHORITY FROM PAYMENT OF THE PROJECT DEVELOPMENT COST

• Number: Presidential Decree No. 2014
• Sections: 4

Preamble

WHEREAS, Presidential Decree No. 1314 dated 20 March 1978

which defines the land tenure policies in the Tondo Foreshore Development

Project, provides that project beneficiaries holding titles to land shall be

charged a fee corresponding to the development cost of the project which is

P0.95 per square meter per month;

WHEREAS, the family beneficiaries of the Tondo Project who

are holding Original and/or Transfer Certificates of Titles to their land have

petitioned that they not be charged the development cost fee since at the time

of implementation of the Tondo Project, they had on their own, caused the

'installation of essential services such as water, electricity and sewerage and

therefore did not benefit as much as those beneficiaries who did not own the

land at the start of the project;

NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the

Philippines, by virtue of the powers vested in me by the Constitution, do hereby

order and direct:

Section 1

SECTION 1. Presidential Decree No. 1314 dated 20 March 1978

specifically Section 5, is hereby amended to the effect that project

beneficiaries of the Tondo Foreshore Development Project who own and hold

Original Certificates of Title and/or Transfer Certificates of Title over their

homelots issued through the predecessor agencies of the National Housing

Authority and covering lets within Cases 1 and 7 inclusive of Subdivision Plan

RL 1004 executed by the Bureau of Lands pursuant to Section 1 of RA 1597 dated

31 March 1957, shall be exempted from payment of the project development

cost;

Section 2

SEC. 2. Any provision of law, decree, executive order, rules

and regulations inconsistent herewith are repealed, amended and modified

accordingly.

Section 3

SEC. 3. This Decree shall take effect immediately.

Done in the City of Manila, this 23rd day of January, in the year of Our

Lord, nineteen hundred and eighty-six.

(Sgd.) FERDINAND E. MARCOS

President of the

Philippines

By the President:

(Sgd.) JUAN C. TUVERA

Presidential Executive

Assistant