Quoted hereunder is the above subject resolution no. 750, which was approved by the Board on 15 October 2003:

WHEREAS, the Implementing Rules and Regulations defines Farmlot Subdivision as a planned community intended primarily for agricultural activity;

WHEREAS, the Board is of the position that DAR Conversion Clearance need not be required in the issuance of Certificate of Registration and License to Sell for Farmlot Subdivisions since there is no change in principal use;

WHEREAS, the issuance of Certificate of Registration and License to Sell by this Board does not exempt grantees thereof from compliance with and is without prejudice to the provisions of other laws;

WHEREFORE, be it resolved, as it is hereby resolved, that this Board shall no longer require a DAR Conversion Clearance as a precondition for issuance of Certificate of Registration and License to Sell for Farmlot Subdivisions.

Approved, this 15th day of October 2003, Quezon City.

The above was published in the Philippine Daily Inquirer on 18 November 2003 and in accordance with the provisions of law, shall take effect fifteen (15) days from its date of publication.

Please be guided accordingly.

Date Filed: 22 Dec. 2003

(SGD.) ROMULO Q.M. FABUL
  Commissioner