Law Summary
Legal Basis and Authority
- The designation is made by the President of the Philippines under the powers granted by RA No. 7916 (Special Economic Zone Act of 1995).
- The recommendation came from the Board of Directors of the Philippine Economic Zone Authority (PEZA).
Description and Technical Details of the Land Parcel
- The parcel is identified as Lot 2679-C-2, Psd-04-233355, covered by Transfer Certificate of Title (TCT) No. 060-2014021682.
- Located in Barangay Mamplasan, City of BiAan, Laguna, Luzon Island.
- The area encompasses approximately 21,426 square meters.
- Boundaries are precisely defined by specific bordering lots and geographic bearings with distance measurements.
- Original and subdivision surveys were conducted and approved in dates ranging 1906-1907 and 2013-2014 respectively.
Implementation and Legal Effect
- The land parcel shall be subject to all provisions of RA No. 7916, its amendments, and PEZA rules governing special economic zones.
- The designation effectively extends the Laguna Technopark-Special Economic Zone, potentially allowing for economic activities and investments under the incentives and regulations of the law.
Formalization and Authentication
- The proclamation is signed by the President and countersigned by the Executive Secretary.
- The official seal of the Republic of the Philippines is affixed to formalize the proclamation.
- The document date is October 1, 2015, executed in the City of Manila.