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Jul 6

Mabuhay 17th Philippine President Ferdinand Romualdez Marcos Jr.

the family of the late Raul Cinco, first gentleman of Hon. Filomena Cinco of Manila is extending gratitude to its relatives, friends, constituents for joining them in their bereavement

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Bulacan airport ecozone measure flaws removed in refiled bill

By J.Lo

"I am telling potential investors and other proponents to give us sense of their plans so that we can already weigh costs versus benefits…what I can assure the President and the public is that we will make sure that concerns in the veto message are addressed,"Albay Representative Joey Salceda will file bill to address President Ferdinand "Bongbong" Marcos, Jr.'s concerns over creation of Bulacan Airport City Special Economic Zone and Freeport Authority by giving the latter more authority in its implementation.

Salceda, who served as House and Ways committee chairman during 18th Congress, proposed an additional provision allowing the President, upon recommendation of the Department of Finance and the National Economic and Development Authority, to extend metes and bounds of ecozone.

He added there should be comprehensive master plan and feasibility study to be presented to the Regional Development Council III and to the Economic Development Cluster of Cabinet before House committee on economic affairs conducts public hearing on the new bill.

Salceda also said House of Representatives, in drafting the bill for Bulacan Airport project, will require cost-and-benefit analysis and that he will introduce safeguards to address the President's fiscal and economic concerns that prompted the chief executive to veto or reject the measure even if his sister, Senator Imee Marcos, is in favor of its passage.

"While I was not one of the original proponents of the vetoed bill, I hope to help move this bill forward by filing corrected version…the President's concerns are valid, so we have to take heed," he added.

In doing so, Salceda, an economist, said his proposed bill will explicitly state that ecozone will be fully subject to the rules, procedures, including approvals, and regulations under Title 13 of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) law.

Likewise, he said his proposal will expressly provide that power of ecozone authority to grant incentives will be delegated power from

Fiscal Incentives Review Board which should address the President's concern about lack of coherence with existing laws, rules, and regulations.

"This version removes extraordinary powers from the authority's control," he added.

Salceda then argued ecozone authority will also be subject to scrutiny of the Commission on Audit and other governance mechanisms under Republic Act No. 10149 or the GOCC Governance Act, particularly Sections 24, 25, and 26, on audit mechanisms; and to subsequent rules and regulations issued by the Governance Commission for GOCCs.

In closing, the veteran lawmaker also said ecozone authority's power to acquire either by purchase, negotiation, or condemnation proceedings, any private land within or adjacent to the Bulacan Ecozone will come with certain conditions such as subjecting agrarian reform land acquisition to clearance from the Secretary of Agrarian Reform, after a process similar to Free, Prior, and Informed Consent process and including provision stating thate exercise of powers to acquire land from agrarian reform beneficiaries should be subject to Presidential approval through a proclamation.

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