Preamble
WHEREAS, in order to enable the Central Board of Assessment Appeals to expeditiously decide appeals from the decisions of the Provincial or City Board of Assessment Appeals involving contested assessments of real properties, the necessary complement of qualified and competent personnel should be provided therefor; WHEREAS, the anticipated volume of such appealed decisions will require a reasonable statutory period for the Board to judiciously decide the same; and WHEREAS, there is an urgent need to adequately fund the expenses of the Central Board of Assessment Appeals incidental to the discharge of its functions; NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers in me vested under the Constitution, do hereby order and decree the following as part of the law of the land: