FOURTEENTH CONGRESS OF THE 
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REPUBLIC OF THE PHILIPPINES 
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First Regular Session 
s. B. NO. 898 
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Introduced by SENATOR EDGARDO J. ANGARA 
EXPLANATORY NOTE 
One of the main issues contributing to the inefficiency of the 
Philippine real estate market is the current valuation system. This, in 
turn, has .tremendously constrained the optimal management and use of 
our valued land resources. 
To date, there are at least twenty-three (23) national government 
agencies (NGAs) undertaking real property appraisals, each using its own 
system and methodology. The lack of a single agency responsible for 
property valuations has created inadequate technical supervision on 
valuation matters. And the use of multiple appraisal systems and 
procedures has resulted in the lack of uniformity and equity in real 
property appraisal in the country. 
To maintain integrity, equity, and uniformity in the base record, it 
is important to keep it separate from the tax assessment process, which is 
carried out by the local treasurer as the taxing authority on behalf of the 
local council. 
While the .grant of authority for LGUs to prepare, legislate and 
implement the Schedule of Market Values (SMvs, which is the basis for 
the assessment of the real property tax) has enhanced local autonomy, 
traditional politics come into play as when there are 1) minimal, selective 
and subjective increases on valuations and 2) frequent deferment of the 
general revision of property assessments contrary to the Local 
Government Code's requirement of increases in every three (3) years. 
Valuations used by LGUs therefore, tend to be outdated and not reflective 
of the changes occurring within the market. 
The same is true in the use of zonal values developed by the BIR. 
Because zonal value systems have no fixed statutory review .period, the 
reviews of the are not made on regular intervals. Moreover, the four-step 
approval process is time consuming that by the time the zonal values have 
been approved, changes had occurred in the property market. 
This 
resulted in distortions in zonal values ranging from 25% - 70% of the 
prevailing land prices. 
Distortions in the LGUs' market values are relatively higher. To 
illustrate, sampled properties in Metro Manila showed that the zonal 
values are on the average 262% higher than the LGU market values. c;j, 


Below market value assessment of real property leads to a relatively low 
tax intake and undermines the generation of significant revenues from 
property ownership and transfers. 
To ensure equity in real property taxation, the separation of the valuation 
and assessment function from tax setting and political influence is 
necessary. The establishment of an appraisal authority, responsible for 
regulating and overseeing all LGUs and NGAs’ appraisal activities, as is 
provided in this measure, will address this need. Said authority will 
maintain the integrity of real property appraisal and will ensure that a 
nationally consistent, equitable and dependable valuation system for real 
property taxation is in place. 
Eventually, this will provide a wider 
taxation base resulting in improved and enhanced tax collection, which 
will rightly address the fiscal woes that beset the country today. 
It is for these considerations that I urge my colleagues in the 
Chamber to favor the passage of this bill. 
EDGARDO 
&/A 
J. ANGARA 
Senator 


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2.; 
2 
FOURTEENTH CONGRESS OF THE 
1 
First Regular Session 
) 
REPUBLIC OF THE PHILIPPINES 
1 
7 
, g I!_ -3 p /s :i: 
51 
I 
S. B. NO. 898 
Introduced by SENATOR EDGARDO J. ANGARA 
AN ACT INSTITUTIONALIZING REFORMS IN REAL PROPERTY 
APPRAISAL AND ASSESSMENT PRACTICES IN THE 
PHILIPPINES, CREATING FOR THE PURPOSE THE NATIONAL 
APPRAISAL AUTHORITY AND FOR OTHER PURPOSES. 
Be it enacted by the Senate and House of Representatiueg in 
Congress assembled: 
CHAPTER I 
INTRODUCTORY PROVISIONS 
Section 1. Short Title. This Act shall be known as the “The Real 
Property Appraisal and Assessment Reform Act of 2007.” 
Section. 2. 
Declaration of Policy and Objectives. It is the 
policy of the State to institutionalize reforms in real property appraisal to 
develop and ensure a just, holistic, and nationally consistent real property 
valuation system, in conformity with the Philippine Valuation Standards 
developed under this Act and the generally accepted valuation principles. 
Towards this end, the State shall: 
(a) Establish a National Appraisal Authority that shall provide a 
strong leadership in the appraisal of real property, principally for 
taxation; 
(b) Develop and maintain valuation standards and adopt a schedule of 
market values as the single real property valuation base for the 
assessment of all real property related taxes in the country and for 


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the valuation of real property by all government agencies and units 
requiring real property valuation; 
(c) Separate the function of valuing / appraising real properties from 
the function of administering the taxes due thereon; and 
(d) Develop and professionalize the valuation practice in the country. 
Section. 3. Definition of Terms. - For purposes of this Act, the 
following terms shall, unless the context indicates otherwise, have the 
following meanings: 
(a) “Appraisal” 
shall mean providing a systematic and analytic 
determination, opinion or conclusion relating to the nature, quality, 
value or utility of specified interests in or aspects of property 
resulting in a supportable estimate and opinion of value of the 
property involved at a given point in time for a specific purpose; 
(b) ‘Xppraiser” or “VaZuer;” is a person qualified by education, 
training, and experience to estimate the value of real or personal 
property; 
(c) “Assessor” is a person, usually a government official, or an 
independent contractor for a taxing body who estimates the 
assessed value of real estate properties for ad valorem purposes: 
(d) “Real Property” are those which cannot be removed from place to 
place, like land, including those which are attached therein, by 
nature or by people, in such a manner as to form an integral part 
thereof, like trees, buildings, machineries and other improvements; 
including interests, benefits and other real rights inherent in the 
ownership of real property; 
(e) “Land” refers to resources, both natural and man-made, found on 
surface, below and above the ground including inland waters and 
the air therein; 
(f) “Machineries” shall embrace machines, equipment, mechanical 
contrivances, instruments, appliances or apparatus which may or 
may not be attached, permanently or temporarily, to the real 
property. 
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(g) “Fair Market Value” or “True Value in Money” shall refer to the 
most probable price in terms of money which a property should 
bring in a competitive and open market under all conditions 
requisite to a fair sale, the buyer and seller, each acting prudently, 
knowledgeably and without compulsion; 
(h) “Special Purpose Properties’’ shall refer to properties which are 
designed, constructed and developed for a specific use or purpose. 
By its very nature this type of property is rarely offered for sale in 
the open market except as part of an ongoing concern. Because of 
the special design and function, conversion of special purpose 
properties to other types of development or application is generally 
not economically feasible; 
(i) “National Appraisal Authority” shall be the lead agency of the 
government on matters concerning the appraisal and assessment of 
real properties in the Philippines: and 
g )  Triuate appraisal organization” refers to a professional 
organization of licensed real estate appraisers which has been 
active in the promotion and pursuit of its objectives for the last five 
(5) years. 
CHAPTER I1 
ARTICLE One. CREATION, MANDATE, POWERS AND 
FUNCTIONS OF 
THE NATIONAL APPRAISAL AUTHORITY (NAA) 
Section. 4. Creation of the National Appraisal Authority 
(NAA). - 
To achieve the policy declared in this Act, there shall be 
established a National Appraisal Authority, hereinafter referred to as the 
%Authority. ” 
Section. 5. Mandate of the Authority. The Authority’s mandate 
is to lead and manage the implementation of the provisions of this Act, 
through the powers and functions set forth in Section 5 hereof. 
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The Authority shall be the lead agency of the government on 
matters concerning the appraisal of real properties in the Philippines. It 
shall be attached to the Department of Finance, which attachment shall 
be subject to review under Section 36 of this Act. 
Section 6. Powers and Functions of the Authority. - 
The 
Authority shall exercise the following powers and functions: 
Set valuation standards, regulations, 
and specifications 
consistent with generally accepted valuation standards for real 
property appraisal and ensure compliance therewith by LGUs, 
NGAs, and other concerned parties in both government and 
private sectors; 
Review and approve the Schedule of Market Values (SMVs) 
prepared by the provincial, city, and municipal assessors of 
Metro Manila for tax purposes; 
Provide technical assistance on real property appraisal matters 
to government agencies and instrumentalities, and conduct, 
when requested, the appraisal of special purpose properties for 
real property tax purposes; 
Provide leadership and direction to local government units 
(LGUs), national government agencies (NGAs), private sector 
institutions and individuals on matters pertaining to appraisal 
including, but not limited to, the promotion of appraisal 
education and continuing educational development programs, 
development and maintenance of valuation standards, and 
regulation of appraisal activities; 
Develop and maintain a database of real property transactions 
and prices of materials for buildings and other structures and 
machineries; 
Determine, fix, and collect such reasonable amount to be charged 
as administration fees, charges, fines, and penalties relative to 
the implementation of this Act; and 
Perform such other functions as are necessary, proper, and 
incidental to implement the provisions of this Act. 
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Section. 7. Creation of an Advisory Board. - The Authority 
shall be assisted by an Advisory Board, hereinafter referred to as the 
‘Board,” composed of the following: 
(1) Representative from the Department of Finance (DoF) 
(2) Representative from the Bureau of Local Government Finance 
(BLGF) 
(3) Representative from the Bureau of Internal Revenue (BIR); 
(4) Representative from the Department of Environment and Natural 
Resources (DENR) 
(5) Representative from private appraisal organizations; and 
(6) The Executive Director. 
The President shall designate the Chairperson from among the 
members of the Board, excluding the Executive Director. 
The representatives from the concerned government agencies shall be 
designated by their respective agency heads while the representative from 
the private appraisal organizations shall be appointed by the Executive 
Director from among the list of nominees submitted by their respective 
organizations. The members shall serve for a maximum of three (3) years 
unless their designation or appointment is shortened or terminated by the 
designating agency, private appraisal organization, or Executive Director, 
as the case may be. 
In case of vacancy in the Board, the person so appointed or 
designated shall serve only for the unexpired term. The chairperson and 
members of the Board shall not receive additional salary for the 
performance of their functions but they shall be entitled to honoraria 
pursuant to existing laws and regulations. 
Section. 8. Functions of the Advisory Board. - The Board shall 
advise the Executive Director on matters pertaining to: (a) the 
preparation, review and approval of the Schedule of Market Values as 
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found in Section 18 of this Act; and (b) the setting, maintenance, and 
compliance monitoring of the valuation standards prepared and developed 
pursuant to Section 16 of this Act. 
Section. 9. Meetings of the Board. The Chair of the Advisory 
Board shall convene regular meetings of the Board, which shall be once 
every two (2) months. Special meetings may be called by the Chair, as he I 
she may deem necessary, or at the initiative of at least five (5) members. 
The Board may also formulate and adopt its internal rules and regulations 
for the conduct of its meetings. 
2tTICLE Two. MANAGEMENT. PERSONNEL, 
AND COORDINATING MECHANISM 
IMPLEMENTING 
Section 10. Structural Organization. The Authority shall 
consist of: 
a) The Office of the Executive Director; 
b) The Office of the Deputy Director; 
c) The Offices of the Regional Directors; 
d) Field Offices. 
Section 11. The Executive Director. - 
The authority and 
responsibility for the exercise of the mandate of the Authority, the 
accomplishment of its objectives and the discharge of its powers and 
functions shall be vested in the Executive Director, who shall supervise 
the Authority and shall be appointed by the President of the Philippines, 
upon the recommendation of the Secretary of Finance. 
The Executive Director shall be a Filipino citizen, of good moral 
character, holder of an engineering, accounting or appraisal-related 
degree, and a licensed appraiser or assessor, with at least ten (10) years of 
experience in the appraisal or assessment of real properties. He or she 
shall have the salary grade equivalent to the rank of a Director IV under 
the Salary Standardization Law, exclusive of allowances and other 
emoluments. 
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For this purpose, the Executive Director shall have the following 
functions: 
(a) Develop policies, plans, programs, and operating standards for the 
attainment of the objectives and mandate of the Authority; 
(b) Provide policy direction and leadership as well as coordinate and 
support the functions of the regional offices; 
(c) Advise and assist the Secretary of Finance on matters pertaining 
to real property appraisal and assessment; and 
(d) Perform such other functions as may be provided by law. 
Section. 12. Deputy Director. The Executive Director shall be 
assisted by at least three (3) Deputy Directors, who shall likewise be 
appointed by the President of the Philippines, upon the recommendation 
of the Secretary of Finance. 
The Deputy Director shall be a Filipino 
citizen, of good moral character, holder of engineering, accounting or 
appraisal-related degree, and a licensed appraiser or assessor, with at 
least five (5) years experience in the appraisal or assessment of real 
properties. He or she shall have a salary grade equivalent to the rank of 
Director I11 under the Salary Standardization Law exclusive of allowances 
and other emoluments. 
The Executive Director is hereby authorized to delineate, assign 
and / or re-assign the respective functional areas of responsibility of the 
Deputy Director, Provided, howeuer, That such responsibility shall be with 
respect to the mandate and objectives of the Authority; Provided, further, 
That no Deputy Director shall be assigned primarily administrative 
responsibilities. 
Within his functional area of responsibility, a Deputy Director shall 
have the following functions: 
a) Advise the Executive Director in the promulgation of department 
orders, administrative orders and other issuances, with respect 
to his area of responsibility; 
b) Exercise supervision over the offices, operating units and officers 
and employees under his responsibility; 
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c) Exercise authority on substantive and administrative matters 
related to the functions and activities of units under his 
responsibility as may be delegated by the Executive Director; 
and 
d) Perform other functions as may be provided by law or assigned 
by the Executive Director. 
Section. 13. Regional Offices. - There shall be established in 
every administrative region of the country a Regional Office headed by a 
Regional Director who shall be appointed by the Secretary of Finance upon 
the recommendation of the Authority’s Executive Director. The Regional 
Director shall be a Filipino citizen, of good moral character, holder of 
engineering, accounting or appraisal-related degree, a licensed appraiser 
or assessor, 
with at least five (5) years of experience in appraisal or 
assessment of real property. 
He or she shall have a salary grade 
equivalent to Director I11 under the Salary Standardization Law exclusive 
of allowances and other emoluments. 
Section. 
14. 
Functions of the Regional Director. - The 
Authority’s Regional Director shall: 
(a) Implement the laws, policies, plans, programs, rules and 
regulations of the Authority in the Region; 
(b) Provide and ensure the efficienk, and effective service relating to 
the Authority’s mandate to local government units and government 
agencies within the region; 
(c) Coordinate with regional offices of other government departments, 
bureaus, and agencies within the region dealing with real property 
appraisal and assessment; 
(d) Provide leadership and direction in the area of real property 
appraisal and assessment to local government units in the region; 
and 
(e) Perform other functions as may be assigned by the Executive 
Director. 
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ARTICLE One. APPRAISAL AND ASSESSMENT OF PROPERTIES 
Section. 
15. Development 
of 
Valuation Standards. - 
Notwithstanding the provisions of existing laws to the contrary, the 
Authority shall develop, maintain and implement uniform real property 
valuation standards, which shall be used by all appraisers and assessors 
alike, from both the national and local governments for taxation and other 
purposes. The valuation standards must conform with generally accepted 
valuation principles and standards. 
Section. 16. Appraisal of Real Property. - All real property, 
whether taxable or exempt, shall be appraised at the market value 
prevailing in the locality where the property is situated, in conformity 
with the valuation standards prepared under this Act. The Authority 
shall promulgate the rules and regulations for the classification and 
appraisal of real property pursuant to the provisions of this Act. 
Section. 17. Preparation of the Schedule of Market Values 
(SMVs). - The Executive Director shall determine the program of the 
general revisions of property values each year. 
Before any general 
revision of property assessment is made, there shall be prepared a 
Schedule of Fair Market Values by the provincial, city and the municipal 
assessors of the municipalities within the Metropolitan Manila Area for 
the different classes of real property and special purpose property situated 
within their respective local government units pursuant to the appraisal 
standards and specifications set by the Authority. 
Said schedule shall be submitted by the assessor concerned to the 
Authority’s regional office for initial review and completion of the 
compliance report. Thereafter, it shall be submitted to the Authority’s 
central office for approval. The Executive Director shall act within ninety 
(90) days after receipt of the said schedule and inform the Regional 
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Director and Assessor concerned of any action thereon within the said 
period, otherwise, the said schedule shall be deemed approved. 
The SMV, as herein approved by the Authority, shall be used for the 
general revision of property assessments and for computing all applicable 
real property taxes imposed by both the national and local government 
units. Further, it shall be published in a newspaper of general circulation 
in the province, city or municipality concerned, or in the absence thereof, 
shall be posted in the provincial capitol, city or municipal hall a,ud in two 
(2) other conspicuous public places therein. 
Section. 18. Revision of Schedule of Market Values. - The 
provincial, city and municipal assessors of Metro Manila shall undertake a 
general revision of the Schedule of Fair Market Values within one (1) from 
the effectivity o f  this Act, and every three (3) years thereafter. In the event 
the provincial, city or municipal assessor is unable to undertake the said 
revision, the Executive Director is hereby authorized to approve, after due 
consultation with the LGU concerned, the extension of the validity of the 
SFMV and property assessment. 
The provincial, city or municipal assessor, in Metropolitan Manila 
Area or in the province, may recommend to the Authority revisions to the 
SFMV, should there be any significant change in the market where the 
property is located, after the said SFMV has been approved and prior to 
its next revision. 
Section. 19. Saving Clause. - The zonal values as determined by 
the Bureau of Internal Revenue and approved by the Secretary of Finance 
and the Schedule of Fair Market Values prepared by the provincial, city 
assessors and municipal assessors of the Metropolitan Manila Area 
approved by their respective Sanggunians, shall continue to be in full force 
and effect, unless superseded, modified, revised, set aside, or repealed by 
the values provided under the Schedule of Fair Market Values approved in 
accordance with Section 18 of this Act. 
ARTICLE Two. DEVELOPMENT AND MAINTENANCE OF 
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REAL PROPERTY DATABASE 
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Section. 20. Development of Real Property Database. - The 
Authority shall develop and maintain an updated database on real 
property transactions in the country, including details on the cost of 
construction or renovation of buildings and other structures, and on the 
cost of machineries. For this purpose, the Authority is hereby authorized 
to require the production of necessary documents or to obtain information 
from the concerned officials or employees of national government offices or 
instrumentalities, local government units, and private sectors. 
The updated database shall be made available to the LGUs, NGAs, 
and to the private sector as well. 
Section. 21. Duty of Registrar of Deeds to Furnish Assessors 
of Real Property Transactions Data. - The Registrar of Deeds shall 
prepare and submit to the provincial, city or municipal assessor in 
Metropolitan Manila Area, within six (6) months from effectivity of this 
Act and every year thereafter, an abstract of his registry, which shall 
include a brief but sufficient description of the real properties entered 
therein, their present owners, and the dates of their most recent transfer 
or alienation accompanied by copies of corresponding deeds of sale, 
donation, or partition or other forms of alienation. 
He shall also furnish the assessors copies of all contracts of sale, 
lease, mortgage, and all other forms of encumbrance registered by him / 
her, within thirty (30) days from the date of registration. 
Section. 22. Duty of Official Issuing Building Permits or 
Certificates of Registration of Machinery to Transmit Copy to the 
Assessor. - Any public official or employee required by law or regulation 
to issue permits for the construction, addition, repair, or renovation of a 
building, or permanent improvement on land, or a certificate of 
registration for any machinery, including machines, mechanical 
contrivances, and apparatus attached or affixed on land or to another real 
property, shall transmit a copy of such permit or certification within 
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thirty (30) days from issuance thereof, to the assessor of the province, city 
or municipality where the property is situated. 
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Section. 23. Duty of Geodetic Engineers to Furnish Copy of 
Plans to Assessors. - It shall be the duty of all geodetic engineers, public 
or private, to furnish free of charge, to the assessor of the province, city or 
municipality where the land is located with a white or blue print copy of 
each of all approved original or subdivision plans or maps of surveys 
executed by them within thirty (30) days from receipt of such approved 
plans from the Land Management Bureau (LMB), the Land Registration 
Authority (LRA), or the Housing and Land Use Regulatory Board 
(HLURB), as the case may be. 
Section. 24. Duty ofAssessors to Transmit Documents to the 
Authority. It shall be the duty of the Assessors to transmit all data 
pertaining to real property transactions from the Registrar of Deeds to the 
official issuing building permit and from Geodetic Engineers to the 
Regional Office of the Authority within one (1) month after the receipt 
thereof. The Authority’s regional office shall record, and make a summary 
report of the data and submit the same to the Central Office within thirty 
(30) days from receipt thereof. 
Section. 25. Appointment of Assessors. - The Executive Director 
shall recommend to the Secretary of Finance the appointment of the 
following assessors, who shall be under the administrative and technical 
supervision of the Authority: 
(a) 
Provincial and Assistant Provincial Assessors and City and 
Assistant City Assessors, from the list of persons suitable and 
qualified for appointment within the reeion; 
Municipal and Assistant Municipal Assessors, from the list of 
suitable and qualified for appointment within the Province; and 
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(c) City and ,4ssistant City Assessors and Municipal and Assistant 
Municipal Assessors, from the list of persons suitable and 
qu&ied 
for appointment w i t h  t.he MetroDolih Manila Area. 
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A Local Assessor must be a citizen of the Philippines, of good moral 
character, a resident of the region or province (for provincial or city 
assessor and municipal assessors, respectively), a licensed appraiser, a 
holder of an engineering, accounting or appraisal related degree, and must 
have experience in real property assessment work or in any related field 
for at least five (5) years, in the case of the provincial or city assessor and 
three (3) years, in the case of the municipal assessor. 
ARTICLE Three. TRANSITORY PROVISIONS 
Section. 26. Implementing Guidelines. - Within one hundred 
eighty days (180) days after the effectivity of this Act, the Authority’s 
Central Office shall be organized. The President shall appoint the 
Executive Director and the Deputy Directors of the Authority, upon 
recommendation of the Secretary of Finance. 
The personnel of the Real Property Assessment and Local 
Assessment Operations Divisions of the Bureau of Local Government 
Finance (BLGF), including such other personnel whose functions may be 
necessary in the organization of the Authority, shall be absorbed as the 
Authority’s core staff until the organizational structure and staffing 
pattern of the Authority shall have been approved. 
For this purpose, there is hereby created an Ad Hoc Committee 
composed of the Executive Director as ex-officio chairperson and 
representatives from the DOF, BLGF, BIR, National Tax Research Center 
(NTRC) and Land Administration and Management Project (LAMP) as 
members. The Ad Hoc Committee shall be responsible for the formulation 
of the Authority’s Organization and Implementation Plan: 
Prouided, 
howeuer, That the preparation and approval of the Authority’s 
Organization and Implementation Plan shall, as far as practicable, respect 
and ensure the security of tenure, rank and saIary of affected government 
employees; 
The personnel of the concerned divisions of BLGF composing the 
core staff who may not be absorbed by the Authority shall be reassigned 
by the said office in any of its sections or divisions without diminution of 
the employee’s rank, position and salary. 
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AS early as possible, the Executive Director shall organize the 
Board pursuant to Section 9 of this Act. 
After the organization of the Authority’s Central Office, the 
Authority’s regional offices shall be organized taking into consideration 
the organizational criteria such as, but not limited to, availability of 
qualified personnel, facilities, budgetary support and others. 
Section. 21. Transfer of Records and Assets. - All pertinent 
records, documents, office equipment and other properties exclusively used 
by andlor assigned in, under the custody of, the affected divisions of BLGF 
shall be transferred to the Authority. 
Section. 28. Budgetary Requirements. - The amount necessary 
to finance the initial implementation of this Act shall be charged to the 
corresponding appropriations of the BLGFs Real Property Assessment 
Division and Local Assessments Operations Division, and other divisions 
of the said agency where the other core staff came from. Thereafter, such 
funds as may be necessary for the continued implementation of this Act 
shall be included in the annual General Appropriations Act. 
ARTICLE Four 
PENAL PROVISIONS 
Section. 29. Failure /Neglect to Provide Information or Data. 
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Any government official or employee who fails without justifiable 
reasonls to furnish any information required by the Authority, pursuant to 
Sections 23, 24, 25 and 26 of this Act shall be punished by a fine 
equivalent to not more than three (3) months basic salary or suspension 
from service for a period not exceeding one (1) year, or both, at the 
discretion of the Civil Service Commission (CSC). 
Section. 30. 
Failure to Comply With the Valuation 
Standards. - An assessor or appraiser who fails to comply with the 
Valuation Standards adopted pursuant to this Act, or deliberately conceals 
any deviations or departures from such Standards, shall be punished by a 
fine equivalent to not more than six (6) months basic salary, and 
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suspension from the government service or from the practice of profession 
for a period not exceeding one (1) year, or permanent revocation of hidher 
license at the discretion of the competent authority. 
Section. 31. Failure to Prepare Schedule of Market Values. - 
An assessor who intentionally refuses or fails to prepare the Schedule of 
Market Values within the period required by the Authority shall be 
punished, upon conviction, by a fine equivalent to not more than six (6) 
months basic salary or by suspension from government service for not 
more than one (1) year, or both, at the discretion of the competent 
authority. 
Section. 32. Violations of Other Provisions. - Any person who 
violates any provision of this Act other than those punishable under 
Sections 32, 33, and 34 hereof shall, when warranted, be dealt with under 
the applicable existing laws. 
ARTICLE Five 
MISCELLANEOUS PROVISIONS 
Section. 33. Joint Congressional Oversight Committee. There 
is hereby created a Joint Congressional Oversight Committee to monitor 
the implementation' of this Act and to review the implementing rules and 
regulations promulgated by the Authority, which shall be composed of 
seven (7) Representatives to be appointed by the Senate President and the 
Speaker of the House of Representatives, respectively, within five (5) years 
from effectivity of this Act. It shall likewise review the organizational and 
functional relationship of the Authority to other government agencies and 
stakeholders and shall make recommendations, based on its findings to 
the President and to both Houses of Congress. 
Section. 34. Implementing Rules and Regulations. The 
Authority shall prepare, promulgate and adopt the implementing rules 
and regulations to carry out the provisions of this Act not later than 90 
days after effectivity of this Act. 
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Section. 35. Suppletory Application Clause. - The provisions of 
Republic Act No. 7160, otherwise known as the Local Government Code of 
1991, and other laws not inconsistent with this Act shall have suppletory 
effect. 
Section. 36. Repealing Clause. - All laws, presidential decrees, 
executive orders, presidential proclamations, rules and regulations or 
parts thereof, including pertinent provisions of RA 8424, or the National 
Internal Revenue Code of 1997; Presidential Decree No. 921 dated April 
12, 1976; and RA 7160, otherwise known as the “Local Government Code 
of the Philippines,” contrary to or inconsistent with this Act are hereby 
repealed, superseded or modified accordingly. 
Section. 37. Separability Clause. - Any portion or provision of 
this Act that may be declared unconstitutional or invalid shall not have 
the effect of nullifying other portions or provisions hereof as long as such 
remaining portions or provisions can still subsist and be given effect in 
their entirety. 
Section. 38. Effectiuity. - This Act shall take effect fifteen (15) 
days after its complete publication in the Official Gazette or in two (2) 
newspapers of general circulation. 
Appro vecl, 
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