AN ACT AMENDING SECTION 8 OF REPUBLIC ACT NO. 7227, OTHERWISE KNOWN AS THE BASES CONVERSION AND DEVELOPMENT ACT OF 1992, AS AMENDED, AUTHORIZING THE PRESIDENT TO SELL CERTAIN PORTIONS OF LAND WHICH ARE HEREBY EXEMPTED FROM SALE AND THE PROCEEDS THEREOF SHALL EXCLUSIVELY BE USED FOR THE AFP MODERNIZATION PROGRAM

AN ACT ALLOCATING TO THE AFP MODERNIZATION ACT TRUST FUND THE COLLECTION FROM CAPITAL GAINS TAX AND VALUE-ADDED TAX ON THE SALE OF REAL PROPERTY AND THE SHARE OF THE NATIONAL GOVERNMENT ON ALL TAXES, ROYALTIES AND CHARGES COLLECTED FROM THE MALAMPAYA NATURAL GAS PROJECT

AN ACT AMENDING REPUBLIC ACT NO. 7898 OTHERWISE KNOWN AS THE AFP MODERNIZATION ACT