Creation and Designation of the Information Technology Center
- A specific building located in Barangay 39, Bacolod City, is designated as an Information Technology Center.
- The center is to be known as the "Negros First Cybercentre."
- The designation subjects the building to the provisions of RA 7916 (as amended), its Implementing Rules and Regulations, and related PEZA Board Resolutions.
Location and Description of the Property
- The designated IT center stands on a parcel of land identified as Lot 112-A-2, Psd-064501-026934.
- The lot is situated in Barangay 39, Bacolod City, Island of Negros Occidental.
- The land area covers approximately 43,791 square meters.
- The technical description includes detailed boundary lines and measurements as per subdivision plan.
- The property boundaries are marked with cylindrical concrete monuments measuring 15 x 30 centimeters.
Regulatory and Implementation Framework
- The designation enforces compliance with:
- RA No. 7916 and its amendments,
- Implementing Rules and Regulations (IRR) of RA 7916,
- PEZA Board Resolutions No. 00-411 (s.2000), 11-066 (s.2011), and 11-523 (s.2011).
Formalization and Effectivity
- The proclamation was signed and sealed by the President of the Philippines, Benigno S. Aquino III.
- It was issued in Manila on June 11, 2014.
- The Executive Secretary, Paquito N. Ochoa Jr., countersigned the document.
Legal Implications
- The designation as an Information Technology Center facilitates the application of special economic zone incentives under RA 7916.
- PEZA oversight implies fiscal and administrative incentives for the IT center and its tenants.
- The building and designated area may benefit from preferential tax treatment and simplified customs procedures, subject to compliance with applicable laws and regulations.