QuestionsQuestions (EXECUTIVE ORDER NO. 380)
EO No. 380 transforms the Public Estates Authority (PEA) into the Philippine Reclamation Authority (PRA), transfers PEA’s non-reclamation assets and liabilities to the Department of Finance (DOF), and separates the PEA-Tollway Corporation (PEA-TC) from the PRA for management purposes.
The Philippine Reclamation Authority (PRA) performs all the powers and functions of the PEA relating to reclamation activities.
They are transferred to the National Development Company (NDC), including the management of the PEA-Tollway Corporation (PEA-TC).
The EO cites the continuing authority of the President to reorganize the National Government under the Administrative Code of 1987.
Prior to transformation, the PEA was tasked to provide coordinated, economical, and efficient administration of government lands and especially reclaimed lands, and to primarily integrate, direct, and coordinate all reclamation projects for and on behalf of the National Government.
It states that the PEA had been placed under the supervision and control of the Department of Finance (DOF).
The President of the Philippines appoints the Chairman, Board members, and the president of the PEA-TC.
Management of PEA-TC is under the supervision and control of the NDC.
PEA-TC shall declare monthly dividends and remit them to the PRA in an amount needed by the PRA to perform its functions.
The balance of earnings (after the remittance to the PRA for needed amounts) shall be remitted to the National Government.
Assets and liabilities of the PEA on its reclamation functions are retained with the PRA.
They are transferred without cost to the DOF, which then transfers them to the appropriate agencies of the National Government.
No. The transfer is stated to be “without cost.”
The unconstitutional portion will not nullify other portions as long as the remaining parts can still subsist and be given effect.
It revokes, amends, or modifies all executive issuances, rules, and regulations (or parts thereof) that are inconsistent with EO No. 380.
It takes effect immediately.
It states that in 2002 the President proposed to Congress the abolition of the PEA and directed it to phase out activities and transfer assets to appropriate National Government agencies.