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EXECUTIVE ORDER NO. 80 - AUTHORIZING THE ESTABLISHMENT OF THE CLARK DEVELOPMENT CORPORATION AS THE IMPLEMENTING ARM OF THE BASES CONVERSION AND DEVELOPMENT AUTHORITY FOR THE CLARK SPECIAL ECONOMIC ZONE, AND DIRECTING ALL HEADS OF DEPARTMENTS, BUREAUS, OFFICES, AGENCIES AND INSTRUMENTALITIES OF GOVERNMENT TO SUPPORT THE PROGRAM
|WHEREAS, the national leadership notes with
deep concern the magnitude of the economic and social problems in
Central Luzon, particularly in the City of Angeles, and the
Municipalities of Mabalacat, Porac, Bamban and Capas, as a result of
the Mt. Pinatubo eruptions and the withdrawal of the US Military Forces
from Clark Air Base, and the need to address this immediate concern by
way of providing employment and livelihood opportunities and
resettlement and relocation sites;
WHEREAS, it is the policy of the Government to accelerate the sound and balanced conversion of the Clark military reservations and its contiguous extensions into alternative productive civilian uses to promote the economic and social development of Central Luzon in particular and the country in general.
WHEREAS, the Bases Conversion and Development Authority (BCDA) is mandated by Republic Act No. 7227 (RA 7227), otherwise known as the “Bases Conversion and Development Act of 1992,” to adopt, prepare and implement a comprehensive and detailed plan for the conversion of the Clark military reservations and its contiguous extensions consistent with the plans and programs of the national and local governments;
WHEREAS, it is envisioned that Clark will be converted into an international civil aviation comp, a modern industrial estate and tourism, trade and business center for Luzon and Asia;
WHEREAS, the national leadership is cognizant of the vital role of the private sector and the local government units in the Clark conversion program.
NOW, THEREFORE, I, FIDEL V. RAMOS, President of the Republic of the Philippines, by virtue of the powers vested in me by the Constitution, do hereby order the following:
The CDC shall be a subsidiary corporation of the BCDA and shall be formed in accordance with the Philippine corporation law and existing rules and regulations promulgated by the Securities and Exchange Commission pursuant to Section 16 of RA 7227.
The CDC shall be subject to the policies, rules and regulations of the BCDA for the CSEZ.
The members of the Board representing the equity or capital stock in CDC of BCDA and other national government agencies shall be nominated by the President.
No person shall be nominated as a member of the Board representing national government capital stocks in CDC unless he is a Filipino citizen, of good moral character, and of recognized competence in relevant fields including but not limited to economics, management, international relations, law or engineering. Preference in the designation of the members of the Board shall be given to residents within the local government units that concur to join the CSEZ.
Among others, the CSEZ shall have all the applicable incentives in the Subic Special Economic and Free Port Zone under RA 7227 and those applicable incentives granted in the Export Processing Zones, the Omnibus Investments Code of 1987, the Foreign Investments Act of 1991 and new investments laws which may hereinafter be enacted.
The CSEZ Main Zone covering the Clark Air Base proper shall have all the aforecited investment incentives, while the CSEZ Sub-Zone covering the rest of the CSEZ shall have limited incentives. The full incentives in the Clark SEZ Main Zone and the limited incentives in the Clark SEZ Sub-Zone shall be determined by the BCDA.
DONE in the City of Manila, this 3rd day of April in the year of Our Lord, Nineteen Hundred and Ninety-Three.
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