Republic Act No. 11454 allows the sale of certain parcels of UP land in Barangay Krus na Ligas in Quezon City not exceeding 22,467 hectares “at a fair market price that is acceptable to the university.”
“The authorization is deemed automatically revoked when the University and the Quezon City local government fail to agree on the terms and conditions of the sale within a year from the effectivity of this Act, or when full payment was not received by the University for whatever reason one year after the execution of the agreement,” the law read.
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