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EXECUTIVE ORDER NO. 298 - AMENDING SECTIONS 7, 10, 11 AND 13 OF EXECUTIVE ORDER NO. 778, AS AMENDED BY EXECUTIVE ORDERS NOS. 903 AND 909, CREATING THE MANILA INTERNATIONAL AIRPORT AUTHORITY
Executive Order No. 778, dated March 4, 1982, was issued creating the
Manila International Airport Authority, a separate and autonomous body,
for the purpose of providing, among others, high standards of
accommodation and service comparable with the best airports in the
WHEREAS, the amendment introduced by Executive Order No. 903 drastically reduced the capital of the Authority to be contributed by the National Government from ten billion (P10,000,000,000.00) Pesos to two and one-half billion (P2,500,000,000.00) Pesos. Considering the substantial increases in the value of the Authority’s properties and assets said capitalization is no longer realistic;
WHEREAS, Executive Order No. 903 mandated that sixty-five percentum (65%) of the annual gross operating income of the Authority shall revert to the General Fund in the National Treasury and to be used for the maintenance and operation of other international and domestic airports in the country;
WHEREAS, Executive Order No. 903, as amended by Executive Order No. 909, increased the number of members of the Board of Directors to nine;
WHEREAS, there is a need to modify the present composition of the MIA-Authority Board of Directors to afford the MIA-Authority better coordination;
WHEREAS, there is a need for the services of the Solicitor General and/or the Government Corporate Counsel to assist the Authority’s existing Legal Department in handling cases in order to meet the present exigencies;
WHEREAS, in view of the multifarious requirements, functions and responsibilities of the Authority, there is a need to amend Sections 7, 10, 11 and 13 in order to ensure the viability and fibility of the Authority in running and operating its affairs.
NOW, THEREFORE, I, CORAZON C. AQUINO, President of the Philippines, by virtue of the powers vested in me by the Constitution of the Philippines, do hereby order and decree the following:
The Board shall meet regularly once a month and as often as the exigencies of the service demand. The presence of at least five (5) members shall constitute a quorum, and the vote of a majority of the members present, there being a quorum shall be necessary for the adoption of any rule, regulation, resolution decision, or any other act of the Board.
The members of the Board shall receive per diems, as the Board may approve, for each Board meeting actually attended by them: Provided, That such per diem shall not exceed One Thousand Pesos (P1,000.00) during any one (1) month for each member.”
Within thirty (30) days after the close of each quarter, twenty percentum (20%) of the gross operating income, excluding payments for utilities of tenants and concessionaires and terminal fee collections, shall be remitted to the General Fund in the National Treasury to be used for the maintenance and operation of other international and domestic airports in the country. Adjustments in the amount paid by the Authority to the National Treasury under this Section shall be made at the end of each year based on the audited financial statements of the Authority.”
DONE in the City of Manila, this 26th day of July, in the year of Our Lord, nineteen hundred and eighty-seven.
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