Question & AnswerQ&A (EXECUTIVE ORDER NO. 380)
The Philippine Reclamation Authority (PRA) is the transformed entity of the Public Estates Authority (PEA) tasked to perform all powers and functions related to reclamation activities in the country.
The PRA originated from the transformation of the Public Estates Authority (PEA), which was created under Presidential Decree No. 1084.
The PRA is placed under the supervision and control of the Department of Finance (DOF).
All non-reclamation assets and liabilities of the PEA were transferred without cost to the Department of Finance, which will then transfer them to appropriate government agencies.
The PEA-Tollway Corporation is separated from the PRA, and its management is under the National Development Company (NDC). The PEA-TC declares monthly dividends remitted to the PRA for its functions, with remaining earnings remitted to the National Government.
The President of the Philippines appoints the Chairman, members of the Board, and President of the PEA-Tollway Corporation.
The transformation aimed to consolidate reclamation activities under one authority recognized as a primary source of government revenue and to promote efficient and focused management.
The President has continuing authority to reorganize the National Government pursuant to the Administrative Code of 1987 and powers vested by the Constitution and existing laws.
No, the PEA-TC declares monthly dividends remitted to the PRA in the amount needed for its functions; the balance of the earnings is remitted to the National Government.
A separability clause provides that if any portion or provision of the Executive Order is declared unconstitutional, other parts will remain effective as long as they can subsist and give effect.
The Executive Order took effect immediately upon its issuance on October 26, 2004.
All executive issuances, rules, and regulations or parts inconsistent with Executive Order No. 380 are revoked, amended, or modified accordingly.