Question & AnswerQ&A (PROCLAMATION NO. 927)
The legal basis is 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 Philippines has the authority to create and designate the tourism economic zone, pursuant to the powers vested under Republic Act No. 7916, upon recommendation of the Board of Directors of the Philippine Economic Zone Authority.
The total area consists of multiple parcels of land measuring approximately One Hundred Thirty Eight Thousand Nine Hundred Thirty Five (138,935) square meters, more or less.
The proclamation covers parcels of private domain land situated along Covelandia Road, Barangay Binakayan, Municipality of Kawit, Province of Cavite, Island of Luzon.
The recommendation came from the Board of Directors of the Philippine Economic Zone Authority.
The rules and regulations are governed by Republic Act No. 7916, as amended, and Resolutions No. 02-342 and 05-289 dated October 10, 2002, and August 29, 2005, respectively, of the Philippine Economic Zone Authority Board of Directors.
The lot numbers and technical descriptions precisely define the boundaries, sizes, and locations of the parcels of land that constitute the tourism economic zone, ensuring legal clarity and proper identification on land surveys and records.
PEZA is tasked to oversee the implementation and administration of the tourism economic zone as per provisions of the Special Economic Zone Act, including issuing rules and monitoring compliance.
The parcels of land are identified as private domain land within the proclamation.
The proclamation was signed on October 10, 2005, in the City of Manila.
Boundaries are described using precise bearings, distances, and adjoining properties or lots, with points marked on the ground by concrete monuments (PS cylindrical concrete monuments of specified sizes).
The proclamation was signed by Gloria Macapagal Arroyo as the President of the Philippines and Eduardo R. Ermita as the Executive Secretary.