AN ACT EXPANDING THE UTILIZATION OF THE INDUSTRIAL ESTATE IN LAMAO, LIMAY, BATAAN FOR BUSINESSES ENGAGED IN ENERGY AND ENERGY-RELATED INFRASTRUCTURE PROJECTS AND OTHER GAINFUL ECONOMIC ACTIVITIES IN ADDITION TO PETROCHEMICAL AND RELATED INDUSTRIES, AMENDING FOR THE PURPOSE PRESIDENTIAL DECREE NO. 949
Year:
2013
Category:
Other
Date Approved:
April 17, 2013
Summary
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This Act aims to expand the utilization of the industrial estate in Lamao, Limay, Bataan, allowing businesses engaged in energy and energy-related infrastructure projects, as well as other economic activities. It amends Presidential Decree No. 949 to facilitate the management and operation of the area by the Philippine National Oil Company (PNOC).Full Text
Fifteenth Congress
Third Regular Session
Begun and held in Metro Manila, on Monday, the twenty-third day of July, two thousand twelve.
REPUBLIC ACT No. 10516
AN ACT EXPANDING THE UTILIZATION OF THE INDUSTRIAL ESTATE IN LAMAO, LIMAY, BATAAN FOR BUSINESSES ENGAGED IN ENERGY AND ENERGY-RELATED INFRASTRUCTURE PROJECTS AND OTHER GAINFUL ECONOMIC ACTIVITIES IN ADDITION TO PETROCHEMICAL AND RELATED INDUSTRIES, AMENDING FOR THE PURPOSE PRESIDENTIAL DECREE NO. 949
Be it enacted by the Senate and House of Representatives of the Philippines in Congress assembled:
Section 1. Section 1 of Presidential Decree No. 949, entitled "Vesting The Administration And Ownership In Favor Of The Philippine National Oil Company Of That Parcel Of Land Of The Public Domain Located At Lamao, Limay, Bataan Which Was Reserved For Industrial Estate Purposes Pursuant To Dated March 6, 1968 As Amended By Dated November 29, 1969 And For Other Purposes", is hereby further amended to read as follows:
Section 2. Section 2 of Presidential Decree No. 949 is hereby further amended to read as follows:
Section 3. Implementing Rules and Regulations. – Within thirty (30) days from the effectivity of this Act, the Department of Energy (DOE) and the PNOC shall prescribe such rules and regulations necessary for the effective implementation of this Act.
Section 4. Separability Clause. – Should any clause, sentence, paragraph, section or provision of this Act be held unconstitutional or invalid, such declaration shall not affect, impair or invalidate the remainder of this Act.
Section 5. Repealing Clause. – All other laws, decrees, orders or regulations or parts thereof that are inconsistent with this Act are hereby repealed, modified or amended accordingly.
Section 6. Effectivity. – This Act shall take effect fifteen (15) days after its publication in at least two (2) newspapers of general circulation.
Approved,
This Act which originated in the House of Representatives was finally passed by the House of Representatives and the Senate on February 4, 2013 and February 6, 2013, respectively.
Approved: APR 17 2013
(Sgd.) BENIGNO S. AQUINO III
President of the Philippines
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