Bill Type
Congress Name
Long Title
AN ACT PROVIDING FOR THE COMPLETION OF THE DEVELOPMENT OF ABANDONED SUBDIVISION AND CONDOMINIUM PROJECTS, THEREBY AMENDING FURTHER PRESIDENTIAL DECREE NO. 957, ENTITLED "REGULATING THE SALE OF SUBDIVISION LOTS AND CONDOMINIUMS, PROVIDING PENALTIES FOR VIOLATIONS THEREOF"
Date filed
September 2, 1998
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. HB03218 |
| FULL TITLE : AN ACT PROVIDING FOR THE COMPLETION OF THE DEVELOPMENT OF ABANDONED SUBDIVISION AND CONDOMINIUM PROJECTS, THEREBY AMENDING FURTHER PRESIDENTIAL DECREE NO. 957, ENTITLED "REGULATING THE SALE OF SUBDIVISION LOTS AND CONDOMINIUMS, PROVIDING PENALTIES FOR VIOLATIONS THEREOF" |
| ABSTRACT : The bill further strengthens the authority of the HLURB to regulate activities of subdivision developers by prohibiting the selling of lots or condominium units unless THIRTY PERCENT (30%) of the project has been completed. Mandates, likewise, a 50%performance bond as another regulatory measure. |
| PRINCIPAL AUTHOR/S : CANDAZO, ROMEO D.C. |
| DATE FILED : 1998-09-02 |
| SIGNIFICANCE: NATIONAL |
| CO-AUTHORS : |
| 1. |
| ADMINISTRATION BILL? No |
| URGENT BILL? No |
| ACTIONS TAKEN BY THE COMMITTEE |
| COMMITTEE REPORT NO. 00712 |
| SUBMITTED ON 2000-04-06 |
| SUBMITTED BY: HOUSING AND URBAN DEVELOPMENT |
| RECOMMENDATIONS: approval |
| SUBSTITUTED BILLS: HB04128 |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON HOUSING AND URBAN DEVELOPMENT ON 1998-09-28 |
| DATE INCLUDED IN OB: 2000-05-08 |
| DATE CALENDARED : 2000-05-23 |
| SECOND READING INFORMATION |
| PERIOD OF SPONSORSHIP : 2000-08-16 |
| DATE APPROVED ON SECOND READING : 2000-08-16 |
| REMARKS : Considered the Explanatory Note as the sponsorship speech. |
| THIRD READING INFORMATION |
| DATE COPY DISTRIBUTED TO MEMBERS: 2000-08-23 |
| DATE APPROVED BY THE HOUSE ON THIRD READING :2000-10-26 |
| HOUSE VOTES: YEAS:179 NAYS:0 ABSTAIN:.0 |
| DATE TRANSMITTED TO THE SENATE: 2000-10-26 |
| ACTIONS TAKEN BY THE SENATE/HOUSE |
| DATE RECEIVED BY THE SENATE: 2000-11-06 |
Abstract
The bill further strengthens the authority of the HLURB to regulate activities of subdivision developers by prohibiting the selling of lots or condominium units unless THIRTY PERCENT (30%) of the project has been completed. Mandates, likewise, a 50%performance bond as another regulatory measure.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.