<Li> Budget--Section 21 amending Section 63 for CARL state that the budget allocated for the 5 - year extension is 150 Billion pesos which will be sourced from three funds: Agrarian Reform Fund, General Appropriations Acts (GAA) and other sources of funding like privatization of government asset, foreign donors, etc . This budget is the largest per year in the history of CARP . </Li> <Li> Creation of a Congressional Oversight Committee--Section 26 of the CARPER law created a joint Congressional Oversight Committee to oversee and monitor the implementation of the act, which will be composed of the Chairpersons of the Committee on Agrarian Reform of both Houses of Congress, three Members of the House of Representatives, and three Members of the Senate of the Philippines, to be designated respectively by the Speaker of the House of Representatives and the President of the Senate of the Philippines . The chairpersons of the COCAR are the Chairpersons of the Committees on Agrarian Reform of the House of Representatives and of the Senate of the Philippines . The term of the COCAR will end six months after the expiration of the extended period of five years . The COCAR is provided with twenty - five million pesos (P25, 000,000.00) every year . </Li> <Li> CARPER as a Continuing Program--Section 30 of the CARPER law mandates that "any case and / or proceeding involving the implementation of the provisions of Republic Act No. 6657, as amended, which may remain pending on June 30, 2014 shall be allowed to proceed to its finality and be executed even beyond such date". Section 30 of CARPER law provides a way to legally continue the implementation of pending CARP cases after the 5 - year extension by filling the initiatory process of CARP . </Li> <Li> Policies in Converting Agricultural Lands--Section 73 of the CARPER law: "Any conversion by any landowner of his / her agricultural land into any non-agricultural use with intent to avoid the application of this Act to his / her landholdings and to dispossess his / her bonafide tenant farmers ." Failure to comply will result in an imprisonment of 6 to 12 years and / or a penalty of 200,000 pesos to 1 million pesos . The CARPER law prohibits any conversion of irrigated and irrigable lands and mandates the National Irrigation Administration to identify these . CARPER law also states that non-implementation of the conversion plan will result to automatic coverage of the subject by CARP . </Li>

Importance of agrarian reform program in the philippines