Question & AnswerQ&A (PROCLAMATION NO. 1145)
The title is "Creating and Designating the JY Square IT Center III Situated at Salinas Drive, Barangay Lahug, Cebu City, Island of Cebu, as Information Technology Center pursuant to Republic Act No. 7916 as amended by Republic Act No. 8748."
The creation of Information Technology Centers like the JY Square IT Center III is pursuant to Republic Act No. 7916, also known as the Special Economic Zone Act of 1995, as amended by Republic Act No. 8748.
The Board of Directors of the Philippine Economic Zone Authority (PEZA) recommended the designation.
The JY Square IT Center III stands on a lot of approximately 5,300 square meters located at Salinas Drive, Barangay Lahug, Cebu City.
The land designated comprises two parcels: Lot 2-C-2-A (with an area of approximately 1,161 square meters) and Lot 2-C-2-C (with an area of approximately 4,139 square meters).
The technical descriptions are based on subdivision plans (Psd-07-01-000944 and Psd-271949) and respective Transfer Certificates of Title (TCT Nos. T-70836 and T-70838). The boundary points are clearly identified with bearings and distances outlined in the proclamation.
The designation is subject to the provisions of Republic Act No. 7916 as amended, its Implementing Rules and Regulations, and Resolutions Nos. 00-411 and 06-001 of the PEZA Board of Directors.
The president exercises powers vested by law to create and designate special economic zones like Information Technology Centers, upon recommendation from relevant authorities such as PEZA.
The proclamation was done in Manila on September 21, 2006, and is effective from that date as per the document.