Bill Type
Congress Name
Long Title
AN ACT ALLOWING FOR A MAXIMIZED LEASE TERM OF PRIVATE LANDS TO FOREIGN INVESTORS, AMENDING FOR THE PURPOSE REPUBLIC ACT NO. 7652 AND FOR OTHER PURPOSES
Date filed
November 25, 1999
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. HB08811 |
| FULL TITLE : AN ACT ALLOWING FOR A MAXIMIZED LEASE TERM OF PRIVATE LANDS TO FOREIGN INVESTORS, AMENDING FOR THE PURPOSE REPUBLIC ACT NO. 7652 AND FOR OTHER PURPOSES |
| ABSTRACT : No lease contract shall be for a period exceeding fifty (50) years, renewable once for a period of not more than FORTY EIGHTY (48) YEARS PROVIDED, THAT THE LIMITATIONS SET FOR THE RENEWAL OF LEASE CONTRACTS STATED UNDER THE PRECEEDING SECTION SHALLFULLY APPLY. |
| PRINCIPAL AUTHOR/S : RECTO, RALPH G. |
| DATE FILED : 1999-11-25 |
| SIGNIFICANCE: NATIONAL |
| CO-AUTHORS : |
| 1. |
| ADMINISTRATION BILL? No |
| URGENT BILL? No |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON TRADE AND INDUSTRY ON 1999-12-01 |
Abstract
No lease contract shall be for a period exceeding fifty (50) years, renewable once for a period of not more than FORTY EIGHTY (48) YEARS PROVIDED, THAT THE LIMITATIONS SET FOR THE RENEWAL OF LEASE CONTRACTS STATED UNDER THE PRECEEDING SECTION SHALLFULLY APPLY.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.