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EXECUTIVE ORDERS
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EXECUTIVE ORDER NO. 26 - PROVIDING
OPPORTUNITIES FOR THE DEVELOPMENT OF BENEFICIARIES UNDER THE
COMPREHENSIVE LAND REFORM PROGRAM TO BECOME PRODUCTIVE ENTREPRENEURS,
PROVIDING THE MECHANISM THEREFOR AND FOR OTHER PURPOSES
WHEREAS,
the State has launched numerous indispensable programs, projects,
incentives and facilities for the realization of the desired agrarian
reform;
WHEREAS, the State, thru these undertakings, has envisioned that
Comprehensive Agrarian Reform Program beneficiaries shall become
independent entrepreneurs of the lands conveyed to them and ultimately
serve as the basis of Philippine agriculture;
WHEREAS, it has been observed that despite all these efforts and lapse
of time, holders of Certificate of Land Ownership Awards have not freed
themselves totally from the bondage of poverty and dependence from
government subsidies;
WHEREAS, the State has now pinpointed that the monstrous impediment to
the attainment of the desired objectives is the non- acceptability by
financial institutions of the lands covered by Certificate of Land
Ownership Award as collateral to secure agricultural loans applied for
by their registered owners;
WHEREAS, allowing them to use their Certificate of Land Ownership
Awards as collateral with the lending institutions will make them
invulnerable from “loan sharks” and thereby transforming them into
productive partners of the government;
NOW, THEREFORE, I, JOSEPH EJERCITO ESTRADA, President of the
Philippines, by virtue of the powers vested in me by law, do hereby
order:
Section 1.
Sec. 2.
Sec. 3.
Sec. 4.
Sec. 5.
Sec. 6.
Sec. 7.
DONE in the City of Manila,
this 23rd day of September, in the year of Our Lord, Nineteen Hundred
and Ninety-Eight.
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