The bill's principal author, Rufus B. Rodriguez, filed this bill under HB03607 and this bill. The summary of this bill is available below.

House Bill 04059

Document: http://congress.gov.ph/legisdocs/basic_16/HB04059.pdf
 

Significance: Local
Date Filed: 2014-03-04

Full Title: AN ACT TO EARMARK AND APPROPRIATE THE PROCEEDS OF THE PRIVATIZATION AND SALE OF THE OLD LUMBIA AIRPORT IN CAGAYAN DE ORO CITY TO FINANCE THE MINDANAO RAILWAY SYSTEM PROJECT

Principal Author/s: RODRIGUEZ, RUFUS B.

Date Read: 2014-03-10
Primary Referral: TRANSPORTATION

Bill Status: Pending with the Committee on TRANSPORTATION since 2014-03-10

However is very unlikely that this bill will ever progress beyond a proposal as the 15th Strike Wing of the Philippine Air Force now calls Lumbia Airport home after it was transferred from Sangley Point airfield.

Air Force's 15th Strike Wing relocated to Cagayan de Oro
Greanne Mendoza, ABS-CBN News
Posted at Feb 01 2017 08:46 PM

http://news.abs-cbn.com/news/02/01/17/air-forces-15th-strike-wing-relocated-to-cagayan-de-oro

CAGAYAN DE ORO CITY - Defense Secretary Delfin Lorenzana and officials of the Philippine Air Force and Philippine Army led the ground-breaking ceremony of the relocation of the 15th Strike Wing at the Lumbia Airport in Barangay Lumbia, Cagayan de Oro City.

Lorenzana said the strike wing was relocated in connection with moves to decongest the Ninoy Aquino International Airport in Manila.

Sangley Point in Cavite, the former base of the 15th Strike Wing, will be transformed into a landing site for commercial flights.

Transferring the air base to Cagayan de Oro will be more convenient for the troops since the 15th Strike Wing is usually deployed in Mindanao, Lorenzana said.

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