Law Summary

1. Overview

Proclamation No. 972, issued on February 17, 2015, by President Benigno S. Aquino III, designates a specific parcel of land in Barangay Mamplasan, Biñan City, Laguna, as part of the existing Laguna Technopark-Special Economic Zone under Republic Act No. 7916, as amended by Republic Act No. 8748.

• Legal Basis: Republic Act No. 7916 (Special Economic Zone Act of 1995), amended by RA No. 8748.
• Issuing Authority: Benigno S. Aquino III, President of the Philippines.

2. Land Description

The designated land covers an area of 45,297 square meters and is described as Lot 2679-C-1 under the subdivision plan Psd-04-233355.

• Location: Barangay Mamplasan, Biñan City, Laguna, on the Island of Luzon.
• Technical Description:
  • Bounded by Lot 2679-B and Lot 2679-C-2 of the subdivision plan.
  • Specific coordinates and bearings provided for precise identification.

3. Legal Framework

The proclamation is made pursuant to the provisions set forth in RA No. 7916 and its implementing rules.

• Implementing Authority: Philippine Economic Zone Authority (PEZA).
• Relevant Resolutions: The proclamation references Resolution No. 14-483 (s. 2014) by the PEZA Board of Directors.

4. Implementation and Compliance

The designation is subject to compliance with the provisions of the Special Economic Zone Act and relevant regulations.

• Requirements:
  • Compliance with RA No. 7916 and its amendments.
  • Adherence to the Implementing Rules and Regulations.

5. Approval and Execution

The proclamation is executed under the authority of the President of the Philippines, with the seal of the Republic affixed.

• Date of Approval: February 17, 2015.
• Signature: Signed by Benigno S. Aquino III and Executive Secretary Paquito N. Ochoa, Jr.

Key Takeaways

• Proclamation No. 972 officially includes a 45,297 square meter land parcel in the Laguna Technopark-Special Economic Zone.
• The designation is supported by legislative authority under RA No. 7916 and its amendments.
• Compliance with relevant laws and regulations is mandatory for the execution of this proclamation.
• The legal and technical details of the land are clearly outlined to ensure precise identification and future compliance.

This summary captures the essential components of Proclamation No. 972, outlining its legal framework, implementation requirements, and key procedural elements involved in the designation of land as part of a special economic zone in the Philippines.