Question & AnswerQ&A (PROCLAMATION NO. 1004)
The Special Economic Zone is created under Republic Act No. 7916, or the Special Economic Zone Act of 1995, as amended by Republic Act No. 8748.
The President of the Philippines has the power to create and designate Special Economic Zones pursuant to the provisions of Republic Act No. 7916, as amended.
The building designated as the Special Economic Zone is known as the T.U. Building.
The T.U. Building has a gross floor area of approximately 9,038.13 square meters, and the parcels of land upon which it stands have an area of approximately 2,054 square meters.
The Proclamation covers Lot 85 and Lot 81 of the subdivision plan Psd-12396, located at Lacson Street corner B.S. Aquino Drive, Barangay Mandalagan, City of Bacolod, Island of Negros.
The creation and operation are subject to Republic Act No. 7916, its implementing rules and regulations, and various PEZA Board Resolutions including Nos. 00-411 (s. 2000), 11-066 (s. 2011), 15-240 (s. 2015), 17-472 (s. 2017), 18-176 (s. 2018), and 19-382 (s. 2019).
The Philippine Economic Zone Authority (PEZA) Board of Directors recommended the creation of the Special Economic Zone.
The boundaries are described with specific line bearings and measurements with reference to adjacent lots and roads, and the survey was conducted by Engineer Ferdinand G. Quilop on March 24, 2017, approved on December 11, 2018.
Proclamation No. 1004 was signed by President Rodrigo Roa Duterte and attested by Executive Secretary Salvador C. Medialdea, with the seal of the Republic of the Philippines affixed, making the document official.