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PRESIDENTIAL DECREE NO. 545
PRESIDENTIAL DECREE NO. 545 -
AMENDING CERTAIN SectionS OF PRESIDENTIAL DECREE NO. 66, "CREATING THE
EXPORT PROCESSING ZONE AUTHORITY AND REVISING REPUBLIC ACT NO. 5490",
AND FOR OTHER PURPOSES
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WHEREAS,
under Presidential Decree No. 66, dated November 20, 1972, the
Export Processing Zone Authority was created to implement the national
policy of promoting the industrial development of the country through
the establishment of export processing zones;chanroblesvirtualawlibrary
WHEREAS, it is imperative that the development of the government-owned
industrial estate at Limay, Bataan be integrated with the Bataan
Export Processing Zone, Mariveles, Bataan, in order to achieve maximum
efficiency and economy;chanroblesvirtualawlibrary
WHEREAS, the expanded responsibilities and activities of the Export
Processing Zone Authority arising from the above-mentioned
integration will require the restructuring of the provisions of
Presidential Decree No. 66, in order that the Authority can
effectively meet the new challenge; chanroblesvirtualawlibrary
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines,
by virtue of the powers vested in me by the Constitution, do hereby
decree and order:cralaw:red
Section 1. Section 5 of Presidential Decree No. 66 is
hereby amended to read as follows:cralaw:red
"Sec. 5. Capitalization. — The capital of the
Authority shall consist of (1) its existing assets and such other
properties as may be contributed to the Authority by the Government to
form part of capital, (2) all capitalized surplus, and (3) cash
contribution by the Government in the amount of four hundred
million pesos, which is hereby appropriated out of any fund in
the National Treasury not otherwise appropriated, be they
collection from any or all taxes accruing to the general fund or
proceeds from loans, the issue of bonds, treasury bills or notes, or
derived from any other sources of income by or of the National
Government, which amount shall be released by the Budget
Commission in accordance with the schedule of development and
expenditure to be prepared and submitted by the Authority." chanroblesvirtualawlibrary
Section 2. Section 24 of the same Act is hereby
amended to read as follows:cralaw:red
"Sec. 24. Title to Real Property. — The public
lands fixed and delimited as the site of the foreign trade zone under
Proclamation No. 629, series of 1969, Proclamation Nos. 899 and 939,
both series of 1971, of the President of the Philippines, shall be
surveyed by the Bureau of Lands and conveyed thereafter in absolute
ownership to the Authority by the President of the Philippines for the
nominal sum of one peso for each parcel of land being conveyed under
this section. Upon receipt of said deed of conveyance, the proper
Register of Deeds shall register the same and issue the
corresponding original certificate of title to the Authority. Likewise,
the public land fixed and delimited as the site of a low cost housing
project for workers in the Zone under Proclamation No. 740, series of
1970, as amended by Proclamation No. 900, series of 1971, of the
President of the Philippines shall be surveyed by the Bureau of Lands
and conveyed in absolute ownership by the President of the Philippines
to the Authority, the Government Service Insurance System and/or social
Security System and in the manner hereinafter provided. Upon receipt of
the deed of conveyance, the proper Register of Deeds shall forthwith
register the same and issue the corresponding original
certificates of title thereof.
"The public land mentioned in Proclamation No. 740, series of
1970, as amended by Proclamation No. 900, series of 1971, of the
President of the Philippines, shall be disposed of as follows: sixty
hectares to the Authority upon payment to the Government the nominal
sum of one peso, and the balance to the Government Service
Insurance System and/or Social Security System, in consideration for
the development of a portion thereof by the GSIS and/or SSS as may be
necessary to accommodate the construction of standard housing unit,
and/or condominium houses, which the GSIS and/or SSS shall sell and
convey, together with the title or interest over the land as it may
appear upon conveyance thereof to the bona fide residents of Barrio
Nassco and Barrio Camaya, both in the Municipality of Mariveles,
Bataan, as certified by the Authority: Provided, that the price at
which said housing units may be sold to the aforementioned bona fide
residents of Barrio Nassco and Barrio Camaya shall not include
the site development cost thereof: Provided, further, That the GSIS
and/or SSS shall undertake the complete development of the residual
area, including the area allotted to the Authority, into modern
communities, always taking into account the policy of low cost housing
as herein enunciated: Provided, furthermore, That the land and/or
housing units constructed therein shall have worked therein
continuously for a period of at least five years, as certified by the
Authority: Provided, moreover, That where there are no persons
qualified to own said land and/or housing units, the GSIS and/or SSS
may hold on to said properties for as long as they are not sold or
disposed of, notwithstanding the provisions of law to the contrary:
Provided, finally, That the Authority shall, in coordination with the
GSIS and/or SSS, administer, manage and operate the housing
project, and shall issue such rules and regulations as may be necessary
for the proper management and operation thereof, including the
utilization and disposition of the land and/or housing units.
"Any law, proclamation, ordinance, rule or regulation to the contrary
notwithstanding, the Authority may transfer absolute ownership of any
portion or portions of the Zone fixed and delimited under Proclamation
No. 629, series of 1969, Proclamation Nos. 899 and 939, both series of
1971, of the President of the Philippines, of such other zones as may
hereinafter be established pursuant to the provisions of Sec. 11(b)
hereof, to registered Zone enterprises qualified to own lands under the
Constitution, subject to the approval of the President of the
Philippines."
Section 3. The management and operation of the
industrial estate at Limay, Bataan is hereby transferred from the
Industrial Estate Corporation to the Export Processing Zone Authority:
Provided, That the Philippine Exclusive Corporations now
operating therein shall be allowed to continue with its usual business
operations, transactions and activities, as authorized by law, subject
to such rules and regulations which the Authority may prescribe.
Section 4. All laws, executive orders, proclamations,
rules and regulations or part thereof inconsistent with this Decree are
hereby repealed and/or modified accordingly.
Section 5. This Decree shall take effect upon its
approval.
DONE in the City of Manila,
this 28th day of August, in the year of Our Lord, nineteen hundred and
seventy-four.
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