EXECUTIVE ORDER NO. 373
EXECUTIVE ORDER NO. 373 - PROVIDING
FOR THE TURN-OVER OF THE ASSETS OF THE UNIVERSITY OF LIFE COMP TO THE
DEPARTMENT OF EDUCATION, CULTURE AND SPORTS AND FOR OTHER RELATED
PURPOSES
WHEREAS,
the President and the Cabinet resolved last May 1987 and reiterated in
September 1987, June 1989, and September 1984, to place the University
of Life (UL) Comp and its education and sports facilities under the
Department of Education, Culture and Sports (DECS) to be transformed
primarily into a center for non-formal education; and
WHEREAS, the Strategic Investment Development Corporation (SIDCOR) as
owner of the property has allowed DECS to direct and supervise the
operation and management of the UL Comp in line with the said
resolution; and
WHEREAS, SIDCOR has agreed to transfer and convey all its rights,
titles and interests in the UL Comp to the National Government to
settle partially its outstanding obligations relative to the flotation
of the Premyo Savings Bond, and Biglang Bahay Bond Series;
NOW, THEREFORE, I, CORAZON C. AQUINO, President of the Republic of the
Philippines, by virtue of the powers vested in me by law, do hereby
order:
Section 1. The SIDCOR shall immediately turn over to
the DECS the management, operation and ownership of all its assets at
the UL Comp consisting of the following:
(1)
Lot No. 3 of the consolidation subdivision plan (LRC) Pcs-7778,
situated in Barrio Ugong, Pasig, Province of Rizal. Bounded on the NE
by Road Lot 4; on the SE and S by Road Lot 2; on the SW by Road 1; on
the N by Road Lot 3; containing an area of 105,396 sq.m. and covered by
TCT No. PT-72553 issued by the Register of Deeds for Metro Manila
District II;
(2) Lot No. 2
of the consolidation subdivision plan (LRC) Pcs. 7728, situated in
Barrio Ugong, Pasig, Province of Rizal. Bounded on the N by lot 1-E
(LRC) Psd- 20919, on the E by lot 1; on the S by Road lot 3, on the W
by lot 13, Pcs. 3588, Escarpment Road; containing an area of 6,329 sq.
m. covered by TCT PT-72554 issued by the Registry of Deeds for Metro
Manila District II;
(3) Four (4)
buildings housing offices, seminar and training rooms referred to as
Rizal I and II, Bonifacio and Mabini, consisting of one 2 storey
building with mezzanine and basement of three 5- storey buildings with
an aggregate floor area of 19,774 sq.m.;
(4) Ten (10)
dormitory buildings referred to as Dormitories A and J, respectively,
consisting of three 2-storey buildings, five 4-storey buildings, and
two 3-storey buildings, all provided with root decks with an aggregate
floor area of 22.540 sq.m.
(5) Sports
facilities consisting of grandstands, tennis and basketball courts,
stadium oval and track and field, swimming pools, pool grandstand and
viewing rooms and related equipment and accessories;
(6) Dining
halls, bakeshop, kiosk and meditation hall;
(7)
Substations, airconditioning building, control rooms, switch houses and
light towers;
(8) Other
structures such as dressing rooms, amphitheaters, greenhouse, covered
walk and garage, art room, warehouses, guardhouses, model housing units;
(9)
Centralized airconditioning system, standby generators and PABX
telephone system;
(10) All other
properties of whatever kind, description or nature owned, titled and
registered to the UL Comp and free from any lien and/or encumbrance,
and therefore are proper subjects of negotiations between SIDCOR and
the National Treasury as the representative of the National Government;
(11) All
appropriations, financial assistance and donations, monetary or
otherwise, already delivered and received by, or those previously
earmarked for delivery as part of and due to the University of Life
Foundation from the SIDCOR the disposition of which shall be governed
by the terms and conditions provided therefore;
(12) All other
assets and subsidiary corporations and their assets to the extent that
they are determined to be subsidiaries by law.
Sec. 2. The DECS may engage the services of an
appropriate corporate entity to manage the assets, income streams and
expenditures, for the maintenance and rehabilitation of the Comp and
its specific components and to continue the operations thereof as had
heretofore been engaged in.
Sec. 3. The DECS shall transform the comp site
into a center education, culture and sports, with special attention to
non-formal education and the transfer of the DECS proper to the Comp.
Sec. 4. In the meantime, the Department of Finance
(DOF), Strategic Investment Development Corporation (SIDCOR), National
Treasury (NT) and the Department of Budget and Management (DBM) shall
undertake the necessary steps in order that the assets may be received
by the National Treasury on behalf of the National Government, in
partial settlement of the Biglang Bahay Bond Liability of SIDCOR, at a
value to be determined by the Commission on Audit; the ownership of
these assets in turn to be turned over to DECS and as taken up in the
appropriate national book of accounts and to undertake all the
necessary documentation, valuation, and transfer details as may be
required to execute this transfer.
Sec. 5. This Executive Order shall take effect
immediately.
DONE in the City of Manila,
this 17th day of October, in the year of Our Lord, nineteen, hundred
and eighty-nine.
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Since 19.07.98.