Property Ownership Limitation Act (Proposed): Difference between revisions
Jump to navigation
Jump to search
Adding Description, Purpose and Rationale |
|||
| Line 1: | Line 1: | ||
== Description == | == Description == | ||
A law establishing a maximum threshold for real estate assets that any | A law establishing a maximum threshold for real estate assets that any public official may own during his lifetime. Specifically, it limits real estate ownership to three (3) properties with a total combined lot size not exceeding 1,500 square meters. | ||
* Principal Residence | |||
* Secondary Property | |||
* Additional Property near the government office | |||
Similar concept to Balikbayan Law and Comprehensive Agrarian Reform Law (CARL). | |||
== Purpose == | == Purpose == | ||
Revision as of 17:07, 14 May 2025
Description
A law establishing a maximum threshold for real estate assets that any public official may own during his lifetime. Specifically, it limits real estate ownership to three (3) properties with a total combined lot size not exceeding 1,500 square meters.
- Principal Residence
- Secondary Property
- Additional Property near the government office
Similar concept to Balikbayan Law and Comprehensive Agrarian Reform Law (CARL).
Purpose
To ensure modesty and accountability in government by limiting property ownership and preventing the use of political office for personal enrichment.
Rationale
Excessive land ownership by public officials often signals corruption, inequality, and abuse of power disguised as public service.