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SECTION 1
Segregation and Disposition of Land as Housing Site
SECTION 1.
Segregation and Disposition of Land as Housing Site.
The Telecommunications Office (TELOF) shall segregate and dispose THIRTY-ONE THOUSAND FOUR HUNDRED SIXTY-FIVE (31,465) square meters, more or less, of its land covered by Transfer Certificate of Title No. T-10360 (Lot 2917-A, Cad-9856) located in Aluba Hills, Macasandig, Cagayan De Oro City, as housing site for the TELOF X Employees Housing Association, subject to private rights, if there be any, road right of way requirements, and to final survey.
SECTION 2
Administration and Development
SECTION 2.
Administration and Development.
The TELOF is hereby authorized to administer and develop the property to benefit the intended beneficiaries.
SECTION 3
Creation of the Inter-Agency (IAC)
SECTION 3.
Creation of the Inter-Agency (IAC).
An Inter-Agency Committee shall be created, composed of the TELOF, as Chairman, the Housing and Urban Development Coordinating Council (HUDCC) as Co-Chairman, and the Department of Environment and Natural Resources (DENR) and representative of the TELOF X Employees Housing Association as members. The IAC shall formulate the Implementing Rules and Regulations (IRR) of this Executive Order.
SECTION 4
Funding Allocation
SECTION 4.
Funding Allocation.
The TELOF, as the administrator of the housing site, shall facilitate the allocation of a budget to implement this Order, taking into account the funding requirement for various activities to be undertaken in connection hereof. The TELOF is authorized to provide the corresponding funds for the site development cost and other logistical requirements of this project.
SECTION 5
Separability Clause
SECTION 5.
Separability Clause.
In the event that any provision hereof is declared invalid by any competent court of tribunal, the other provisions shall remain in full force and effect.
SECTION 6
Effectivity
SECTION 6.
Effectivity.
This Executive Order shall take effect immediately.
IN WITNESS THEREOF, I have hereunto set my hand and caused the seal of the Republic of the Philippines to be affixed.
DONE in the City of Manila, this 15th day of December in the year of Our Lord, Two Thousand and Six.
(Sgd.)
GLORIA MACAPAGAL-ARROYO
President of the Philippines
By the President:
(SGD.)
EDUARDO R. ERMITA
Executive Secretary
Source: Malaca—ang Records Office
Office of the President of the Philippines. (2006). [Executive Order Nos. : 501 — 600]. Manila : Malaca—ang Records Office.