HB02318: AN ACT CREATING THE LAKE LANAO DEVELOPMENT AUTHORITY, DEFINING ITS POWERS, FUNCTIONS AND DUTIES, AND FOR OTHER PURPOSES
This bill aims to establish the LAKE LANAO DEVELOPMENT AUTHORITY to oversee and implement the development of Lake Lanao in Lanao del Sur. The authority will be tasked with preserving the lake's ecosystem, promoting sustainable development, and ensuring the proper utilization of its resources.
The most beneficial provision of this bill is the creation of a centralized government agency solely focused on the comprehensive development of Lake Lanao. This will lead to better management and utilization of the lake's resources, resulting in more economic benefits for the people of Lanao and Mindanao.