EXECUTIVE ORDER NO. 294
EXECUTIVE ORDER NO. 294 - AMENDING
EXECUTIVE ORDER NO. 289 (s. 1995) TO PROVIDE ADDITIONAL CONTROL
MEASURES TO SAFEGUARD THE INTEREST OF THE GOVERNMENT IN THE LAND TO BE
USED FOR THE ESTABLISHMENT OF THE PHILIPPINE TRADE CENTER AND TO
ADDRESS THE EXPORT SECTOR’S CONCERNS AND INTERESTS IN ACCORDANCE WITH
REPUBLIC ACT. NO. 7844
WHEREAS, Executive Order No. 289
(s. 1995) directs the provision of land for the establishment of the
Philippine Trade Center, including the World Trade Center through a
long-term lease to the export organization accredited by the Export
Development Council in accordance with Section 15 of Republic Act No.
7844, otherwise known as the “Export Development Act of 1994” (EDA);
WHEREAS, it is necessary to institute additional measures to safeguard
the interest of the Government in the land to be leased to the
EDC-accredited export organization, as well as to address the export
sector’s concerns and interest;
NOW, THEREFORE, I, FIDEL V. RAMOS, President of the Philippines, by
virtue vested in me by the Constitution, do hereby order the following:
Section 1. The following sections of Executive Order
No. 289 (s. 1995), entitled “Providing Land for the Philippine Trade
Center in Accordance with Republic Act No. 7844,” are hereby amended to
read as follows:
“SEC.
1. Pursuant to Section 15 of R.A. No. 7844, or the
EDA Law, the above-described parcel of land owned by the National
Government consisting of Fifty-Thousand Six Hundred Forty Two (50,642)
square meters, more or less, a portion of which is covered by Transfer
Certificate of Title (TCT) No. 34996 registered in the name of the
Republic of the Philippines, is hereby made available for long-term
lease to the export organization duly accredited by the Export
Development Council (EDC) to represent the export sector’s concerns and
interest; provided, that the Department of Trade and Industry and its
attached agencies shall be indemnified for the fixed improvements on
said parcel of land belonging to the latter which may be demolished or
damaged by the Lessee or Sub-Lessee, as the case may be, with the
establishment of the Philippine Trade Center, including the World Trade
Center
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“SEC. 4. In
furtherance of its functions under Section 12 letter (d) of R.A. No.
7844, the duly accredited export organization may enter into a sublease
of said land with organizations or firms for the setting up of the
Philippine Trade Center and may include the World Trade Center,
provided that the terms and conditions of such sub-lease, as well as
any charges thereof, shall be subject to the prior approval of the
Secretary of the Department of Trade and Industry: and provided further
that the revenues earned by the duly accredited export organization
from lease rental and other operations of the Center shall be used
solely for the development and promotion of exports in accordance with
the provision of R.A. No. 7844.
“SEC. 5. The
accredited export organization shall be accountable to the EDC for the
use of all revenues, including sub-lease rentals from operations of the
Center, including the World Trade Center and shall render a regular
report thereof, in a manner and frequency to be determined by the EDC.
Towards this end the EDC shall formulate guidelines to ensure the
proper utilization of the funds within ninety (90) days from the
effectivity of this Order. Furthermore, the utilization of said
sublease revenues shall be subject to a yearly budget review and prior
approval by the EDC. Prior to disbursement, single large expenditures,
the amount of which to be determined by the EDC, will be subject to
prior approval by the EDC. The EDC shall likewise institute the
appropriate auditing procedures for the use of such sub-lease
revenues.”
Sec. 2. All executive issuance, which are
inconsistent with this Executive Order, are hereby deemed amended,
repealed or modified accordingly.
Sec. 3. The provisions of this executive order are
hereby declared to be separable and, in the event any one or more of
such provisions are held unconstitutional, validity of the other
provisions shall not be affected.
Sec. 4. This Executive Order shall be effective
immediately.
DONE in the City of Manila,
this 16th day of January in the year of Our Lord, Nineteen Hundred and
Ninety-Six.
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