Sec. 1. All government financial institutions and government owned or controlled corporations are hereby enjoined to grant the Department of Agrarian Reform the right of first refusal in the sale or disposition of all lands owned by them which are suitable to agriculture.
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Executive Order No. 360 (1989)
Executive Order No. 360 (1989)
WHEREAS, Section 1 of Executive Order No. 229, Series of 1987 states that: "[T]he Comprehensive Agrarian Reform Program (CARP) shall cover, regardless of tenurial arrangement and commodity produced, all public and private agricultural lands as provided in Proclamation No. 131 dated July 22, 1987, including whenever applicable in accordance with law, other lands of the public domain suitable to agriculture;"
Sec. 2. The respective Heads of these institutions and corporations shall report to the Office of the President their compliance with, and their present inventory of the lands covered by, this Executive Order within (30) days from the date of effectivity hereof.
This Executive Order shall take effect immediately
Sec. 3. This Executive Order shall take effect immediately.
DONE in the City of Manila this 9th day of June, nineteen hundred and eighty nine.