Law Summary

Overview and Background

• Legal Document Type: Executive Order No. 330-A
• Date of Issuance: March 6, 2006
• Purpose: Amends Executive Order No. 330 by transferring the Philippine Amusement and Gaming Corporation (PAGCOR) from the Department of Finance to the Office of the President.

Transfer of PAGCOR

• Legal Principle: The transfer of PAGCOR aims to enhance its role in financing priority infrastructure and socio-civic projects as determined by the President.

• Key Definitions:

  • PAGCOR: Philippine Amusement and Gaming Corporation, an agency responsible for regulating and operating games of chance in the Philippines.
  • Department of Finance: The government body that previously had oversight over PAGCOR prior to this amendment.

• Important Requirements and Procedures:

  • PAGCOR is required to submit to the Office of the President a list of infrastructure and socio-civic projects financed from its earnings before the end of February each year.
  • PAGCOR must also provide periodic or additional reports as requested by the Office of the President.

• Relevant Timeframes:

  • The annual submission deadline for the list of projects is set for the end of February each year.
  • This Executive Order takes effect immediately upon issuance.

Authority and Implementation

• Legal Authority: The President of the Republic of the Philippines, Gloria Macapagal-Arroyo, exercises the power vested in her by law to effect this transfer.
• Consequences of the Transfer:
  • The transfer back to the Office of the President allows for better oversight and control of PAGCOR’s earnings, which are earmarked for infrastructure and socio-civic projects.

Cross-References to Other Laws

• Presidential Decree No. 1869: This decree serves as PAGCOR’s charter, outlining its responsibilities, including the allocation and distribution of earnings with the approval of the Office of the President.

Key Takeaways

• Executive Order No. 330-A reverts the attachment of PAGCOR from the Department of Finance to the Office of the President.
• This amendment is intended to facilitate the financing of critical infrastructure and socio-civic projects.
• PAGCOR is mandated to report its financing activities annually to the Office of the President, ensuring accountability and transparency in the use of its earnings.
• The order is effective immediately, emphasizing swift implementation of the changes outlined.