Law Summary
Legal Basis and Authority
- The creation and designation are pursuant to:
- Republic Act No. 7916 (Special Economic Zone Act of 1995) as amended by Republic Act No. 8748.
- Implementing Rules and Regulations of RA 7916.
- PEZA Board Resolutions No. 00-411 (2000) and No. 07-546 (2007).
- The law was promulgated by the President of the Philippines exercising powers under the above laws.
Description and Location of the Property
- The designated Information Technology Center is located at Regalado Avenue corner Quirino Hi-Way, Barangay Pasong Putik, Novaliches, Quezon City.
- It occupies two parcels of land with a combined area of approximately 81,893 square meters.
Detailed Technical Description of Lot 2-A (Approximately 80,000 sqm)
- Located in Barangay Pasong Putik, Novaliches, Quezon City.
- Boundaries defined by adjoining lots and roadways.
- Detailed metes and bounds include specific azimuths and distances marked by points 1 to 23.
- Land points are marked by Philippine Surveying (PS) cylindrical concrete monuments.
- Original survey dated from 1907-1908, subdivision survey approved in 1989.
Detailed Technical Description of Lot 1 (Approximately 1,893 sqm)
- Situated in Novaliches District, Quezon City.
- Boundaries described by adjoining lots and roadways covering points 1 to 13.
- Survey markers and bearings given with precise geodetic data.
- Original survey from early 1900s, consolidation subdivision survey executed in 1978.
Formal Enactment and Authentication
- The proclamation was signed by the President of the Philippines.
- The official seal of the Republic was affixed.
- The issuance date is October 13, 2008, in Manila.
- The Executive Secretary also attested to the proclamation.
Scope and Legal Effect
- The designated area is recognized as a special economic zone focused on Information Technology activities.
- Subject to all provisions of the Special Economic Zone Act and its relevant rules and regulations.
- Facilitates economic development by granting privileges, incentives, and regulatory oversight specific to IT centers.
Administrative and Regulatory Framework
- The Philippine Economic Zone Authority (PEZA) exercises jurisdiction over the designated Information Technology Center.
- Compliance with PEZA’s resolutions and regulatory mandates is required.
- The Center is to be operated under the standards and guidelines set by PEZA and related national laws.