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EXECUTIVE ORDERS
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EXECUTIVE ORDER NO. 309 -
PRESCRIBING GUIDELINES, RULES AND REGULATIONS FOR THE DISTRIBUTION OF
PROCEEDS OF LEASES, JOINT VENTURES AND TRANSACTIONS OTHER THAN SALE
INVOLVING PORTIONS OF METRO MANILA MILITARY CAMPS UNDER REPUBLIC ACT
NO. 7227, AS AMENDED BY REPUBLIC ACT NO. 7917
WHEREAS,
Sec. 8 of Republic Act No. 7227, as amended by Republic Act No.
7917, authorizes the President to sell certain Metro Manila camps,
including Fort Bonifacio and Villamor Air Base, in whole or in part, in
accordance with the provisions of existing laws and regulations
governing sales of government properties;
WHEREAS, Republic Act No. 7227, as amended by Republic Act No. 7917,
contemplates a situation where the lands that were transferred to the
Bases Conversion Development Authority (BCDA) for the purpose of
disposing the same could be sold at rates beneficial to the government;
WHEREAS, the present depressed state of the country’s real estate
market, influenced by both global and domestic economic factors,
renders the outright sale of the military camps disadvantageous to the
government;
WHEREAS, BCDA, through the exercise of sound business judgment pursuant
to its mandate, has deemed it more beneficial to the interests of the
government to enter into commercial transactions other than sale
involving certain portions of Metro Manila military camps instead of
selling them;
WHEREAS, BCDA is under the direct control and supervision of the Office
of the President for purposes of policy direction and coordination;
NOW, THEREFORE, I, JOSEPH EJERCITO ESTRADA, President of the
Philippines, by virtue of the powers vested in me by law, do hereby
order:
Section 1.
Sec. 2.
Sec. 3.
Sec. 4.
Sec. 5.
Sec. 6.
DONE in the City of Manila,
this 3rd day of November, in the year of Our Lord, Two Thousand.
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