1 PRESIDENTIAL DECREE NO. 435 PRESIDENTIAL DECREE NO.

435 - EXPANDING THE GUARANTEE COVERAGE OF THE AGRICULTURAL GUARANTEE FUND CREATED UNDER R.A. NO. 6390, AS AMENDED AND APPROPRIATING ADDITIONAL FUNDS THEREFOR WHEREAS, it is the concern of the Government to emancipate the tillers of the soil from their bondage of tenancy and to encourage them to raise their level of production and to attain self-sufficiency immediately; WHEREAS, self-sufficiency requires the employment of modern farm implements and facilities as well as the promotion of essential agricultural and cottage agro-industrial projects such as fishing, poultry, livestock woodcraft, etc. WHEREAS, the guarantee prescribed by the Agricultural Guarantee Fund created under R.A. No. 6390, covers only losses from production loans granted to farmer-tillers. NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers in me vested by the Constitution, do hereby order and decree the following: Section 1. The guarantee coverage of the Agricultural Guarantee Fund may, subject to the rules and regulations which may be promulgated by the Agricultural Guarantee Fund Board created under R.A. No. 6390, include the guarantee on medium or long-term loans granted to farmer-tillers to finance the following: a. Purchase of farm machineries and equipment; b. Establishment of farm support facilities; c. Fisheries Development; d. Small-Scale Livestock Farm Development; e. Cottage Agro-Industrial; and f. Other agricultural projects closely related to agrarian reform. Section 2. The sum of FORTY MILLION PESOS is hereby appropriated to the Agricultural Guarantee Fund out of which TEN MILLION PESOS shall be programmed for Fiscal Year 1974-75 and the balance shall be programmed in like amounts annually thereafter for three (3) years. The amount herein appropriated together with its earnings shall be used solely to absorb guaranteed losses; Provided, however, that amounts not immediately needed for the payment of guaranteed losses shall be invested in high grade securities, preferably Government or Government guaranteed securities. Section 3. The Agricultural Guarantee Fund Board shall promulgate the rules and regulations necessary for the implementation of this Decree. Section 4. All laws, decrees, rules and regulations which are inconsistent herewith are hereby amended and modified accordingly. Section 5. This Decree shall take effect immediately. Done in the City of Manila, this 8th day of April, in the year of Our Lord, nineteen hundred and Seventy-four. Source: http://www.chanrobles.com/presidentialdecrees/presidentialdecreeno435.html

2 MALACAÑANG Manila PRESIDENTIAL DECREE No. 85 December 24, 1972 CREATING THE AGRARIAN REFORM FUND TO SUPPORT FINANCING REQUIREMENTS OF AGRARIAN REFORM PROVIDED IN PRESIDENTIAL DECREE NO. 27 AND FOR OTHER PURPOSES WHEREAS, there is an imperative need for immediate implementation of agrarian reform provided in Presidential Decree No. 27 dated October 21, 1972; WHEREAS, such implementation calls for timely and adequate financial support in all phases involved in the execution of desired agrarian reforms; WHEREAS, there is need to mobilize and harness properly available resources to provide necessary funds for the realization of government agrarian reform; NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by the Constitution as Commander-in-Chief of all the Armed Forces of the Philippines and pursuant to Proclamation No. 1081 dated September 21, 1972 and General Order No. 1 dated September 22, 1972, as amended, do hereby order and decree: Section 1. Establishment of the Agrarian Reform Fund. An Agrarian Reform Fund, hereinafter referred to as the "Fund" is hereby established to finance and/or guaranty the payment of farm lots acquired under Proclamation No. 27, dated October 21, 1972, and to extend agricultural credit support and the corresponding guarantee coverage to achieve a high level of production in land reform areas of the country. The resources of the Fund shall be drawn from the following: 1. Central Bank of the Philippines a. Bonds in Portfolio 2. Guarantee Funds a. Agricultural Guarantee Fund b. Agricultural Guarantee and Loan Fund c. CB-Loan Guarantee Fund (Calamity Fund) 3. Development Bank of the Philippines a. Preferred shares in client corporations b. Government-counterpart preferred stocks in rural banks c. Preferred stocks in development banks d. Acquired assets e. Reparations Account Receivables f. Other disposable assets 4. Philippine National Bank a. Acquired assets 5. National Investment and Development Corporation a. Acquired assets 6. Government Service Insurance System a. Acquired assets 7. Land Bank a. Shares of stock owned or controlled by the Government 8. Agrarian Reform Special Account a. Allocation for Agricultural Guarantee Fund and Land Bank 9. Proceeds from foreign loans 10. Social Security System a. Acquired assets

3 11. Other disposable assets of the government as may be available for the land reform program. 12. Other funds and resources provided by law. The resources listed above shall be turned over to the Agrarian Reform Fund at such time, terms, prices and conditions as shall be agreed upon between the Agrarian Reform Fund Commission and the financial institution and government agencies concerned, payment to be made by the former to latter in Agrarian Reform Bonds issued pursuant to Section 5 of this Decree. Section 2. Utilization of the Resources of the Fund. All resources of the Fund shall be utilized for the attainment of the objectives of the Fund as follows; 1. Financing of acquisition of lands under any of the following modes of settlement; (a) Cash payment, subject to availability of funds, for small landholding; (b) Exchange arrangement for government stocks in government-owned or controlled corporations or private corporations where the government has holdings; (c) Payment through the establishment of annuities of pensions with guarantee against inflation and/or medical insurance; (d) Full guaranty on the payment of the fifteen (15) equal annual amortizations to be made by the tenant-farmers; and (e) Such other modes of settlement as may be adopted by the Agrarian Reform Fund Commission. 2. Financing agricultural production and/or commodity loans through banking institutions and/or issuance of guarantee of losses up to eighty-five (85%) per cent of the amount of the production loan under such terms and conditions as the Agrarian Reform Fund Commission may prescribe. Section 3. Administration of the Fund. There is hereby created an Agrarian Reform Fund Commission, hereinafter referred to as the Commission, composed of the Secretary of Finance as Chairman and the Governor of the Central Bank of the Philippines and the Secretary of Agrarian Reform as members, which shall administer the Fund. In the event that the Chairman or any members of the Commission is unable to attend any meeting thereof he shall designate the next ranking official of the office or agency concerned to represent him in the meeting of the Commission. Operational expenses of the Commission shall be advanced by the Central Bank of the Philippines until such time as the Fund generates income sufficient for the purpose. The Commission shall reimburse the Central Bank for its advances, including interests, if any, as soon as possible. Section 4. Powers and Duties of the Commission. The Commission shall have exclusive administration and control of the Fund, which shall include the authority to invest and dispose of the assets under its administration. For this purpose, it shall be empowered to promulgate such rules and regulations necessary for effective operations of the Fund and may execute acts or perform activities for the best interest of the Fund. Section 5. Issuance of Bonds. The Secretary of Finance shall, upon recommendation of the Commission and the Monetary Board of the Central Bank and with the approval of the President of the Philippines, issue bonds, debentures and other evidences of indebtedness for the account of the Fund at such terms, rates and conditions to be determined by the Commission. Such bonds and other obligations shall be secured by the assets of the Fund and shall be fully tax exempt both as to principal and income. Said income shall be paid to the landholders every six months from the date of issue. These bonds and other obligations issued for the account of the Fund shall be direct obligations of the Government of the Republic of the Philippines and shall be redeemable at the option of the Commission at or prior to maturity, which, in no case shall exceed twenty-five (25) years. Section 6. Reorganization of the Land Bank. The Agrarian Reform Fund Commission, as holder of all the shares of the Land Bank owned or controlled by the Government, is hereby authorized, with the approval of the President of the Philippines, to reorganize the Land Bank, modify its operations and functions and exercise its powers and manage its property, the provisions of Republic Act No. 3844, as amended, notwithstanding. Section 7. Tax Exemptions. All assets and earnings of the Fund shall be exempt from all national, provincial, municipal and city taxes and assessments now in force and may hereinafter be imposed. Section 8. Repealing Clause. All laws, executive orders, rules or regulations or parts thereof inconsistent with this Decree are hereby repealed and/or modified accordingly. Section 9. Effectivity. This Decree shall take effect immediately.

4 Done in the City of Manila, this 24th day of December, in the year of Our Lord, nineteen hundred and seventy-two. Source: http://www.lawphil.net/statutes/presdecs/pd1972/pd_85_1972.html

5

MALACAÑANG
Manila PRESIDENTIAL DECREE No. 315 October 22, 1973 PROVIDING THAT LAND TRANSFER CERTIFICATES ISSUED PURSUANT TO PRESIDENTIAL DECREE NO. 27 SHALL BE ACCEPTED BY FINANCING INSTITUTIONS AS COLLATERAL FOR LOANS WHEREAS, under Presidential Decree No. 27 Land Transfer Certificates are issued to tenant-farmers in agricultural lands primarily devoted to the production of rice and corn found qualified to acquire the land tilled by them; WHEREAS, under the Presidential Decree No. 266 these Land Transfer Certificates are registerable as valid evidences of ownership. WHEREAS, these tenant-farmers need financial assistance and one measure of providing them assistance is to provide that Land Transfer Certificates shall be accepted by financing Institutions as collateral for loans; NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers in me vested by the Constitution as Commander-in-Chief of the Armed Forces of the Philippines, and pursuant to Proclamation No. 1081, dated September 21, 1972, and General Order No. 1, dated September 22, 1972, as amended, do hereby order and decree: Section 1. All financing institutions shall hereafter accept as collateral for loans and duly registered Land Transfer Certificate issued by the Government, through the Department of Agrarian Reform to tenantfarmers in an amount not less than sixty percent (60%) of the value of the farmholding as determined under Presidential Decree No. 27; Provided, That such loans shall be guaranteed by the Guarantee Fund established by the Samahang Nayon (Barrio Association) in which a tenant-farmer is a full-pledged member; Provided, Further, That the loans obtained shall be used in the improvement or development of the farmholding of the tenant- farmer or the establishment of facilities that will enhance production or marketing of agricultural products or increase farm income therefrom. Section 2. All laws, decrees, executive order, rules and regulations, or part thereof, inconsistent with this Decree are hereby repealed, amended or modified accordingly. This Decree shall take effect immediately. Done in the City of Manila, this 22nd day of October, in the year of Our Lord, nineteen hundred and seventy-three. Source: http://www.lawphil.net/statutes/presdecs/pd1973/pd_315_1973.html

6 MALACAÑANG Manila PRESIDENTIAL DECREE No. 266 August 4, 1973 PROVIDING FOR THE MECHANICS OF REGISTRATION OF OWNERSHIP AND/OR TITLE TO LAND UNDER PRESIDENTIAL DECREE NO. 27 WHEREAS, the present laws do not adequately provide for a method of registering the ownership of tenant-farmers covered by Presidential Decree No. 27, and WHEREAS, there is urgent need of registering such rights to prevent confusion in land titles; NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers in me vested by the Constitution as Commander-in-Chief of all the Armed Forces of the Philippines, and pursuant to Proclamation No. 1081, dated September 21, 1972, and General Order No. 1, dated September 22, 1972, as amended, do hereby decree and order the registration of said rights in the following manner; Section 1. All Land Transfer Certificates issued pursuant to Presidential Decree No. 27 shall be filed by the Department of Agrarian Reform and recorded with the Land Registration Commission and forthwith the letter shall transmit a copy thereof to the Register of Deeds of the province or city where the land lies. When involving registered land, the Department of Agrarian Reform shall indicate the number of the corresponding original or transfer certificate of title. Upon receipt of the copy of the Land Transfer Certificate, the Register of Deeds concerned shall record it in the primary entry book and annotate a memorandum thereof in the corresponding certificate of title covering the land, without need of prior surrender of the owner's duplicate certificate of title. It shall be the duty of the Register of Deeds to notify the registered owner concerned of such fact within a reasonable time. If the land involved is not registered under the Torrens System, the Register of Deeds shall record the Land Transfer Certificate in the primary entry book and in the registration book made and provided for unregistered lands under Act 3344. Section 2. After the tenant-farmer shall have fully complied with the requirements for a grant of title under Presidential Decree No. 27, an Emancipation Patent and/or Grant shall be issued by the Department of Agrarian Reform on the basis of a duly approved survey plan. If the land is previously registered under the Torrens System, the Emancipation Patent and/or Grant, if filed with the Register of Deeds, shall constitute conclusive authority for him to enter a transfer certificate of title in accordance with such patent and/or grant: Provided, however, That the Register of Deeds, before cancelling the original of the certificate of title and issuing a new one in favor of the grantee, shall require the registered owner or the party in possession thereof to surrender for cancellation the owner's duplicate within a reasonable period; and Provided, further, That if the owner or party withholding such duplicate certificate shall refuse or fail to surrender the same within thirty (30) days from and after the date of receipt of the proper notice, the Register of Deeds shall be authorized to cancel the original as well as the owner's duplicate certificate of title and issue in lieu thereof a new one, with the corresponding owner's duplicate, in favor of the grantee. If the patent or grant affects unregistered lands previously recorded under Section one, the filing of the Emancipation Patent and/or Grant with the Register of Deeds for the province or city where the land is situated, shall forthwith bring the land under the operation of Act 496, as amended, and the same shall thenceforth be considered registered lands. It shall thus be the duty of the Register of Deeds, after the entry of the patent and/or grant in the corresponding registration book, to enter an original certificate of title for such registered land, and issue an owner's duplicate certificate to the grantee. Section 3. No fee, premium, or tax of any kind shall be charged or imposed in connection with the issuance and registration of documents and titles, nor shall postage dues and mailing charges be required in all matters connected with the implementation of this Decree. Done in the City of Manila, this 4th day of August, in the year of Our Lord, nineteen hundred and seventythree. Source: http://www.lawphil.net/statutes/presdecs/pd1973/pd_266_1973.html