Creation of Larap Special Economic Zone

The proclamation is issued under the Special Economic Zone Act of 1995, Republic Act No. 7916, as amended.
The designation is made pursuant to the zone law as amended by Republic Act No. 8748.
The proclamation also aligns with Implementing Rules and Regulations under Republic Act No. 7916.
PEZA Board Resolution No. 99-168 (30 June 1999) supports the creation and designation of the zone.

The proclamation creates and designates a parcel of land as a Special Economic Zone.
The proclamation ties the creation to the statutory regime governing Special Economic Zones under Republic Act No. 7916.

The proclamation creates and designates a Special Economic Zone located at Barangay Larap, Municipality of Jose Panganiban, Province of Camarines Norte, Island of Luzon.
The zone comprises a land area of THREE HUNDRED THOUSAND (300,000) SQUARE METERS, more or less.
The proclamation identifies the land by Lot 7042, Cad. 1071-D (Jose Panganiban Cadastre) on Plan Mr.05-000005.
The proclamation specifies the boundaries by reference to adjoining lots and features, including Lot 3671 (PPS-39) and Lot 4672 of Manila Bankers Incorporated, Cad-1017-D, and Existing Runway (50.00 m. wide).

The proclamation provides a boundary description using cardinal directions and named or numbered adjoining lines (e.g., NE. along lines 19-1-2-3-4-5-6-7-8-9; SE. along lines 9-10-11-12).
The proclamation includes a coordinate-and-bearing narrative starting at a point marked “1” on the plan.
The starting reference is described as N. 78 deg. 50aW., 4,737.90 m. from BLLM No. 1 Cad. 1071-D, Jose Panganiban Cadastre.
The proclamation lists successive line segments with bearings and distances (e.g., S. 2 deg. 57a E., 56.97 m. to point 2, and S. 12 deg. 04a W., 63.45 m. to point 3), continuing through points 2 to 19 and returning to the point of beginning.
The proclamation states that corners are indicated on the plan and are marked on the ground by P.S. cyl. conc. Mons. 15x40 cm.
The proclamation records surveying and approval details as date of survey on June 19–21, 2002 by Geodetic Engineer Jose A. Goc, Jr. and approval on October 4, 2002.

The proclamation is issued by the President and is executed with the seal of the Republic of the Philippines.
The proclamation states that it is done in the City of Manila on December 2, 2003.
The proclamation is signed by Gloria Macapagal-Arroyo as President.
The proclamation is attested by the Executive Secretary, Alberto G. Romulo.