Republic Act No. 7907 to amend the Code of Agrarian Reforms in the Philippines. Country/Territory Philippines Document type Legislation Date 1995 Source FAO, FAOLEX Subject Agricultural & rural development Keyword Financial agricultural measures Geographical area Asia, Asia and the Pacific, East Asian Seas, North Pacific, South-Eastern Asia Entry into force notes This Act commenced on the 23 February 1995. Abstract This Act amends the Republic Act No. 3844 in several sections; the government through its Presidential Agrarian reform Council (PARC) shall provide funds to pay all bonds and other obligations incurred by the Bank of the Philippines as compensation to the landowners (sect. 2). Section 4 of the Act relates to the capital stock of the bank whereas there are also provisions relating to the membership of the board of directors (sect. 5). Full text English