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EXECUTIVE ORDERS
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EXECUTIVE ORDER NO. 186 -
RE-ESTABLISHING THE CLARK INTERNATIONAL AIRPORT CORPORATION AS A
SUBSIDIARY OF THE BASES CONVERSION DEVELOPMENT AUTHORITY
WHEREAS,
under Republic Act No. 7227, otherwise known as the “Bases Conversion
Development Act of 1992”, it is the policy of the government to
accelerate the sound and balanced conversion into alternative
productive uses of the Clark and Subic military reservations and their
extensions to promote the economic and social development of the
country;
WHEREAS, pursuant to Executive Order No. 80, series of 1993, the Clark
Development Corporation (CDC) was created as the implementing arm of
the Bases Conversion Development Authority (BCDA) for the Clark Special
Economic Zone which envisioned Clark to be converted into an
international civil aviation comp, a modern international estate and
tourism, trade and business center for Luzon and Asia;
WHEREAS, Executive Order No. 192, series of 1994, established the Clark
International Airport Corporation (CIAC) to operate and manage the
Clark Civil Aviation Comp;
WHEREAS, Executive Order No. 7, series of 2001 authorized the merger of
the CIAC and CDC in order that there will be effective and efficient
coordination in pursuing their policies and operations;
WHEREAS, the merger of CIAC and CDC, with the latter as the surviving
corporation, has diminished the focus and priority of the development
of the Clark International Airport; and
WHEREAS, coordination in policies and operations can still be achieved
even if CIAC and CDC are separate and distinct agencies.
NOW, THEREFORE, I, GLORIA MACAPAGAL-ARROYO, President of the Republic
of the Philippines, by virtue of the powers vested in me by law, do
hereby order the following:
Section 1.
Sec. 2.
The Chairman of the BCDA shall submit, for approval by the Office of
the President, among others, the proposed articles of incorporation,
the by-laws of CIAC, the composition of its Board of Directors and its
capitalization.
Sec. 3.
Sec. 4.
Sec. 5.
DONE in the City of Manila,
this 10th day of March, in the year of Our Lord, Two Thousand and Three.
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