Bill Type
Congress Name
Long Title
AN ACT MODIFYING THE DEFINITION OF A CONDOMINIUM UNIT, AMENDING FOR THE PURPOSE REPUBLIC ACT NO. 4726, OTHERWISE KNOWN AS THE CONDOMINIUM LAW TO APPLY TO INDUSTRIAL ESTATES AND FOR OTHER PURPOSES
Date filed
July 2, 2001
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. House Bill No. 398, 12th Congress of the Republic |
| FULL TITLE : AN ACT MODIFYING THE DEFINITION OF A CONDOMINIUM UNIT, AMENDING FOR THE PURPOSE REPUBLIC ACT NO. 4726, OTHERWISE KNOWN AS THE CONDOMINIUM LAW TO APPLY TO INDUSTRIAL ESTATES AND FOR OTHER PURPOSES |
| ABSTRACT : Rationale: The bill seeks to amend R.A. 4726 to include the INDUSTRIAL ESTATES in the definition of the condominium. This bill gives investors more flexibility especially in planning in order them to maximize the use of space according to the needsof their operations. Also, the buildings and other structures within the industrial estates can be considered as collateral for loans and theregy improve the cash-flow position of firms. |
| PRINCIPAL AUTHOR/S : SALCEDA, JOEY SARTE |
| DATE FILED : 2001-07-02 |
| SIGNIFICANCE: NATIONAL |
| CO-AUTHORS : |
| 1. Zialcita |
| CO-AUTHORS (Journal Entries) : |
| 1. Syjuco (041 ) |
| ADMINISTRATION BILL? No |
| URGENT BILL? No |
| COMMITTEE ACTION: chnge of cttee. ref'l from Housing and Urban Dev. as per J. 17; p.14;(Agu. 28,2001) |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON ECONOMIC AFFAIRS ON 2001-07-24 |
| SECONDARILY REFERRED TO THE COMMITTEE(S) ON REVISION OF LAWS |
Abstract
Rationale: The bill seeks to amend R.A. 4726 to include the INDUSTRIAL ESTATES in the definition of the condominium. This bill gives investors more flexibility especially in planning in order them to maximize the use of space according to the needsof their operations. Also, the buildings and other structures within the industrial estates can be considered as collateral for loans and theregy improve the cash-flow position of firms.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.