PRESIDENTIAL DECREE NO. 2004, December 30, 1985

[ PRESIDENTIAL DECREE NO. 2004, December 30, 1985 ]

AMENDING SECTION TWO OF REPUBLIC ACT NUMBERED SEVEN HUNDRED AND THIRTY RELATIVE TO THE SALE WITHOUT PUBLIC AUCTION OF PUBLIC LANDS OF THE REPUBLIC OF THE PHILIPPINES FOR RESIDENTIAL PURPOSES TO QUALIFIED APPLICANTS UNDER CERTAIN CONDITIONS.

WHEREAS, Republic Act No. 730 permits the sale without public auction of public lands of the Republic of the Philippines for residential purposes to qualified applicants under certain conditions;

WHEREAS, lands acquired thereunder are subject to onerous restrictions against encumbrance or alienation; and

WHEREAS, it is necessary to remove these onerous restrictions to allow the effective utilization of these lands.

NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, pursuant to the powers vested in me by the Constitution, do hereby decree:

SECTION 1. Section Two of Republic Act Numbered Seven Hundred and Thirty is hereby amended to read as follows:

" SEC. 2. Lands acquired under the provisions of this Act shall not be subject to any restrictions against encumbrance or alienation before and after the issuance of the patents thereon.

SEC. 2 . This Decree shall take effect immediately.

IN WITNESS WHEREOF, I have hereunto set my hand and caused the seal of the Republic of the Philippines to be affixed.

DONE in the City of Manila, this 30th day of December, in the year of Our Lord, nineteen hundred and eighty-five.

(Sgd.) FERDINAND E. MARCOS President of the Philippines

By the President:

(Sgd.) JUAN C. TUVERA

Presidential Executive Assistant