Ra-6657 Outline g2
Ra-6657 Outline g2
SECTION 1: Title
• This Act shall be known as the Comprehensive Agrarian Reform Law of 1988.
SECTION 3: Definitions
CHAPTER II – COVERAGE
SECTION 4: Scope
• CARP covers all public and private agricultural lands suitable for farming.
SECTION 5: Schedule of Implementation
• The land distribution program shall be completed within ten (10) years.
CHAPTER IV – REGISTRATION
• Compensation options:
o Cash payments (percentage depends on land size).
o Land Bank bonds with market interest rates.
o Stock shares, tax credits, or physical assets.