Question & AnswerQ&A (PROCLAMATION NO. 1429)
Proclamation No. 1429 creates and designates a parcel of land located at Barangays Don Jose and Sto. Domingo, Sta. Rosa, Laguna as an Information Technology Park pursuant to Republic Act No. 7916 as amended by Republic Act No. 8748.
The park was created pursuant to Republic Act No. 7916, also known as the Special Economic Zone Act of 1995, as amended by Republic Act No. 8748.
The President of the Republic of the Philippines has the authority to create and designate special economic zones pursuant to Republic Act No. 7916 and its amendments, upon the recommendation of the Philippine Economic Zone Authority (PEZA).
The Information Technology Park consists of 462,842 square meters, more or less.
The recommendation came from the Board of Directors of the Philippine Economic Zone Authority (PEZA).
The boundaries are described by specific lots, roads, bearings, and distances including Road Lot 10, Lot 5, Lot 2066-A-2, Lot 2079-B, Road Lot 9, and Road Lot 8 among others, as detailed in the technical description of the proclamation.
The technical description provides the precise boundaries and size of the designated Information Technology Park to legally define the area covered by the special economic zone.
The park is subject to the provisions of Republic Act No. 7916 as amended, its Implementing Rules and Regulations, and relevant resolutions of the PEZA Board of Directors including Resolution No. 00-411 and Resolution No. 07-376.
Designating land as an Information Technology Park promotes economic development by encouraging IT-related investments, providing incentives under the Special Economic Zone Act, and supporting growth in the information technology sector.
President Gloria M. Arroyo signed and authorized the proclamation, which is important as it signifies the official creation and legal effectivity of the special economic zone under the authority vested by law.