Question & AnswerQ&A (EXECUTIVE ORDER NO. 380)
Executive Order No. 380, signed on October 26, 2004, transformed the Public Estates Authority into the Philippine Reclamation Authority.
The PRA performs all the powers and functions of the former Public Estates Authority related to reclamation activities.
All non-reclamation assets and liabilities of the PEA were transferred without cost to the Department of Finance (DOF), which will then transfer them to the appropriate national government agencies.
The management of the PEA-Tollway Corporation was separated from the PEA and placed under the supervision and control of the National Development Company (NDC).
They are appointed by the President of the Republic of the Philippines.
The PEA-Tollway Corporation shall declare monthly dividends which are remitted to the PRA in the amount needed for its functions, with the balance remitted to the National Government.
Because reclamation was identified as a primary source of Government revenue and should be managed by a single authority, the PEA was transformed into the PRA focusing only on reclamation activities.
The President's continuing authority to reorganize the National Government is pursuant to the Administrative Code of 1987.
Any unconstitutional provision shall not nullify other parts of the Executive Order, as long as the remaining portions can still subsist and be effective (Separability Clause).
The Executive Order took effect immediately upon signing on October 26, 2004.