Resource information
For the purpose of the present Act “land re-adjustment” means the implementation of development of many plots of land by land replotting, improving or constructing infrastructure, and jointly bearing the burdens and equitably distributing the returns. To this end, there shall be above all cooperation between the private sector and the public sector, with the objective of utilizing land more appropriately with regard to transportations, economics, social, the environment and communities, and so as to be in line with urban planning. Section 5 establishes the Land Readjustment Committee which has, inter alia, the following power and duties: 1) formulate policies, establish goals and important measures relating to Land Readjustment; 2) approve master plans and target areas for Land Readjustment; 3) establish standards for Land Readjustment; 4) issue regulations concerning criteria and procedures to be used in applying for land readjustment; 5) establish criteria and procedures for recruiting qualified Committee members; 6) Issue regulations governing the disbursement of the Fund in support of, or loans to, government agencies, etc.;7) conduct other activities involving land readjustment. The text consists of 89 sections divided into 8 chapters as follows: Land Readjustment Committee (1); Provincial Land Readjustment Committee (2); Land Readjustment Association (3); General provisions on land readjustment (4); Proposal of land readjustment project (5); Land readjustment project implementation (6); Land Readjustment Fund (7); Penalties (8).
