Executive Order No. 4 (2022) — —in light of the continuing disruptive effects of the pandemic, and the new challenges posed on the production of crops due to the ongoing crisis in Ukraine, as well as the pernicious effects of climate change, this Administration finds it necessary to provide continuing economic relief to agrarian reform beneficiaries in order to assist them in the process of recovery, and ensure food security in the country amidst theses global uncertainties;

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Executive Order No. 4 (2022)

—in light of the continuing disruptive effects of the pandemic, and the new challenges posed on the production of crops due to the ongoing crisis in Ukraine, as well as the pernicious effects of climate change, this Administration finds it necessary to provide continuing economic relief to agrarian reform beneficiaries in order to assist them in the process of recovery, and ensure food security in the country amidst theses global uncertainties;

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Section 1 Section 2 · Implementing Rules and Regulations Section 3 · Agency Support Section 5 · Reporting Section 6 · Separability Section 7 · Repeal Section 8 · Effectivity

Section 1

Section 1.

Moratorium on the Payment of the Principal Value and the Annual Interest Due and Payable by the Agrarian Reform Beneficiaries (ARBs). —Subject to the limitations and conditions provided under applicable laws and issuances, the implementation of the suspension of payment of the following is hereby directed:

1. the total cost of land under PD No. 27, including interest at the rate of six percent (6%) per annum as provided under Section 6 of EO No. 228; and

2. the principal value including the six percent (6%) annual interest of the thirty (30)-year land amortization of agrarian reform beneficiaries under Section 26 of RA No. 6657, as amended.

Principal Value—refers to the portion of the amount, excluding interests, which is being paid by an ARB in consideration of the land awarded to the said beneficiary under the CARP or other previous agrarian reform programs. Payment of the principal value plus interest in the thirty (30) equal annual installments shall commence on the time when the ARBs receive their agrarian titles or are in the actual physical possession of the awarded lands.

The moratorium shall be effective for one (1) year from the date of effectivity of this Order.

Section 2

Implementing Rules and Regulations

Section 2.

Implementing Rules and Regulations. —Within fifteen (15) days from the effectivity of this Order, the DAR and the LBP shall jointly formulate the rules and regulations for the implementation of the moratorium in accordance with the applicable general banking laws and regulations of the—Bangko Sentral ng Pilipinas, EO No. 228, RA No. 6657, as amended, and other relevant laws and issuances.

Section 3

Agency Support

Section 3.

Agency Support. —All concerned government offices and agencies, consistent with their respective mandates, are directed to render such prompt and necessary assistance to fully implement the provisions of this Order.

Section—4.

Funding. —The funds for the implementation of the moratorium, as well as for its monitoring and evaluation, shall be sourced from the existing budgets of the DAR and the LBP, subject to existing budgeting, accounting and auditing laws, rules and regulations.

Section 5

Reporting

Section 5.

Reporting. —The DAR and the LBP shall jointly submit to the Office of the President, through the Office of the Executive Secretary, a comprehensive report on the implementation of this Order, including data on the number of ARBs actually covered and impact of the moratorium, among others.

Section 6

Separability

Section 6.

Separability. —Should any part or provision of this Order be held unconstitutional or invalid, the other provisions not affected thereby shall continue to be in force and effect.

Section 7

Repeal

Section 7.

Repeal. —All orders, rules and regulations, issuances or any part thereof which are inconsistent with the provisions of this Order are hereby repealed, amended or modified accordingly.

Section 8

Effectivity

Section 8.

Effectivity. —This Order shall take effect immediately upon its publication in the Official Gazette or in a newspaper of general circulation..

Done in the City of Manila, this 13th—day of September, in the year of Our Lord, Two Thousand and Twenty Two.

(SGD.)— FERDINAND R. MARCOS, JR. —

By— the President:

(SGD.)— VICTOR D. RODRIGUEZ Executive Secretary