Question & AnswerQ&A (PROCLAMATION NO. 1421)
The main purpose of Proclamation No. 1421 is to create and designate SM City Pampanga, established on parcels of land located in the City of San Fernando and the Municipality of Mexico, Pampanga, as an Information Technology Center pursuant to Republic Act No. 7916, as amended by Republic Act No. 8748.
The designation is made pursuant to Republic Act No. 7916, also known as the Special Economic Zone Act of 1995, as amended by Republic Act No. 8748.
The total aggregate area designated is two hundred eighty-six thousand six hundred eight (286,608) square meters, more or less.
The designation is subject to the provisions of Republic Act No. 7916 as amended, its Implementing Rules and Regulations, and PEZA Resolutions No. 00-411 dated December 29, 2000, and No. 07-058 dated February 13, 2007.
The Philippine Economic Zone Authority (PEZA) Board of Directors recommended the designation.
The designated area covers parcels of land located at the City of San Fernando and the Municipality of Mexico, in the province of Pampanga, with specific technical descriptions and boundaries detailed in the proclamation.
Yes, the proclamation specifies the technical descriptions and titles such as Transfer Certificate of Title (TCT) numbers, lot numbers, survey plans, and boundary details for each parcel of land included in the designation.
The designation is subject to existing laws, specifically Republic Act No. 7916 as amended, its Implementing Rules and Regulations, and PEZA resolutions, implying it is subject to compliance with applicable regulations and conditions.
The proclamation legally creates and designates the specified parcels of land as an Information Technology Center, granting certain privileges and regulatory oversight under the Special Economic Zone Act for purposes such as investment promotion and economic development in the IT sector.