Question & AnswerQ&A (SBMA CERTIFICATION NO. 14-086)
The resolution pertains to the approval of the Proposed New List of Imposable Traffic Violations within the Subic Bay Freeport Zone and the corresponding fines and penalties.
It was approved during the Two Hundred Sixtieth (260th) Meeting held on 20 March 2014.
The new list took effect 15 days after its publication in a newspaper of general circulation following its approval.
The SBMA acts pursuant to its Board Resolution, but is without prejudice to Commission on Audit (COA) regulations and pertinent Philippine laws.
Management is directed to immediately cause the registration of the new list of traffic violations and corresponding fines and penalties to the Office of the National Administrative Register at the University of the Philippines Law Center.
The records of the Office of the Corporate Secretary certify that there was a quorum during the 260th Meeting of the Board of Directors when the resolution was approved.
The Management Memorandum is available at the Office of the National Administrative Register, U.P. Law Complex, Diliman, Quezon City.
Atty. Jocelyn G. Alvarado, OIC Board Secretariat, signed the certification.
Registration serves to formally record and publicize the rules, making them administratively enforceable within the jurisdiction of the Subic Bay Freeport Zone.