Law Summary
Rationale for Reorganization
- Previous Executive Order No. 186 had placed CIAC under the Bases Conversion Development Authority (BCDA).
- CDC envisions developing the Clark Special Economic Zone (CSEZ) into a globally competitive urban "aerotropolis," with DMIA as the focal point.
- Closer coordination between CDC (development arm of CSEZ) and CIAC (DMIA operator) deemed necessary to foster synergy in development efforts.
CDC Chairman's Responsibilities
- Directed to prepare and execute a plan toward establishing CIAC as a CDC subsidiary.
- Required to submit proposed articles of incorporation, CIAC by-laws, and capitalization details for approval by the Office of the President.
BCDA Chairman's Reporting Obligation
- Mandated to report to the President on actions taken to effect the transfer of CIAC's status to a CDC subsidiary upon completion.
Repeal of Executive Order No. 186 and Related Provisions
- EO No. 186 dated March 10, 2003, which re-established CIAC under BCDA, is repealed.
- All inconsistent orders, rules, or regulations are amended, repealed, or modified accordingly.
Effectivity
- The Executive Order takes immediate effect upon issuance on April 4, 2003.
This comprehensive reorganization reflects a strategic administrative restructuring aimed at integrating airport operations with broader economic zone development plans to optimize management efficiency and economic impact.