RA 1485 Section 3

Section 3

SEC. 3. Paragraph (3) of section twenty-three of the same Act is amended to read as, follows: "(3) At cost—shall mean the purchase price plus six per cent interest per annum which includes the one per cent per annum for administration expenses, plus actual expenses for survey, subdivision and registration. The cost shall be paid on the basis of a twenty-five-year amortization plan.

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Other provisions in RA 1485

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of July 4, 2026

CitationRA 1485 Section 3 (LawPlayer, data as of July 4, 2026)

Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).

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