Bill Type
Congress Name
Long Title
AN ACT AMENDING REPUBLIC ACT NUMBER 7227 OTHERWISE KNOWN AS THE "BASES CONVERSION AND DEVELOPMENT ACT OF 1991" AS AMENDED BY THE REPUBLIC ACT NUMBER 7917, EXPANDING THE ALLOCATION OF REVENUES FROM THE SALE, LEASE, JOINT-VENTURE AGREEMENTS AND OTHER TRANSACTIONS INVOLVING MILITARY BASES AND RESERVATIONS, ALLOCATING FUNDS THEREFOR AND FOR OTHER PURPOSES
Date filed
May 13, 2008
Scope
Legislative History
| House Bill/Resolution NO. HB04128 |
| FULL TITLE : AN ACT AMENDING REPUBLIC ACT NUMBER 7227 OTHERWISE KNOWN AS THE "BASES CONVERSION AND DEVELOPMENT ACT OF 1991" AS AMENDED BY THE REPUBLIC ACT NUMBER 7917, EXPANDING THE ALLOCATION OF REVENUES FROM THE SALE, LEASE, JOINT-VENTURE AGREEMENTS AND OTHER TRANSACTIONS INVOLVING MILITARY BASES AND RESERVATIONS, ALLOCATING FUNDS THEREFOR AND FOR OTHER PURPOSES |
| ABSTRACT : Increases the share of the AFP in the proceeds of converted base lands from 35% to 55% of net proceeds. Provides for the AFP to share also in the proceeds from leases, joint ventures and other arrangements for the productive use of former military bases. |
| PRINCIPAL AUTHOR/S : CHONG, GLENN A. |
| DATE FILED : 2008-05-13 |
| SIGNIFICANCE: NATIONAL |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON BASES CONVERSION ON 2008-05-21 |
Abstract
Increases the share of the AFP in the proceeds of converted base lands from 35% to 55% of net proceeds. Provides for the AFP to share also in the proceeds from leases, joint ventures and other arrangements for the productive use of former military bases.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.