Section 1
Lot Price
Section 1.
Lot Price. The Housing and Urban Development Coordinating Council (HUDCC) and the National Housing Authority (NHA) are hereby directed to dispose the lots to qualified beneficiaries of the National Government Center-Eastside Development Project (NGC-EDP) at Seven Hundred Pesos (P700.00) per square meter, subject to existing laws, rules and regulations.
In accordance with existing laws, rules and regulations, the NHA is hereby directed to draw up financial schemes or plans to recover the acquisition costs of the lands in the NGC-East.
Section 2
Funding Requirement
Section 2.
Funding Requirement. The Department of Budget and Management is hereby directed to charge the amount of FIVE MILLION PESOS (P5,000,000.00) to cover the initial titling and related costs of the project to the Contingent Fund.
Funding for the succeeding years shall be incorporated in the regular budget of the HUDCC.
Section 5
Effectivity
Section 5.
Effectivity. This Memorandum Order shall take effect immediately.
DONE,
in the City of Manila, this 13th day of March, in the year of Our Lord, Two Thousand and Four.
(Sgd.) GLORIA MACAPAGAL-ARROYO
By the President:
(Sgd.) ALBERTO G. ROMULO
Executive Secretary