Properties Transferred to the Authority.
Section 36
SEC. 36. Properties Transferred to the Authority. — The Looc Estate is hereby transferred to the Authority for development, management, administration or disposition; other properties with tourism potentials such as, but not limited to, hotels, resorts, islands, real estates that have been fore-closed by the GSIS, DBP, SSS and other financial institutions shall be transferred to the Authority under such terms and conditions which may be mutually agreed upon between the Authority and the financial institutions concerned.