Powers Over Homeowners' Associations.
Section 26
SEC. 26. Powers Over Homeowners' Associations. - The powers, authorities and responsibilities vested in the Corporation with respect to homeowners' associations under Republic Act No. 580, as amended by Executive Order No. 535 is hereby transferred to the Housing and Land Use Regulatory Board (HLURB). Subject to existing laws, the HLURB is hereby authorized to create additional positions and augment its present budget allocation as may be needed for the operation and maintenance of the newly-created unit or office as a consequence of the transfer of functions and powers. Pending the approval of the HLURB's Revised Staffing and Organizational Plan and release of budgetary allocations therefor, the Corporation shall extend technical, operational and administrative assistance to the HLURB as may be mutually deemed necessary to ensure smooth turnover of functions. However, such assistance shall not extend beyond a period of one (1) year from date of effectivity of this Act.