Amending Certain Provisions Of Republic Act Numbered Thirty Hundred And Thirty-Four Entitled "An Act Creating The Mindanao Development Authority, Prescribing Its Powers, Functions, And Duti
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Amending Certain Provisions Of Republic Act Numbered Thirty Hundred And Thirty-Four Entitled "An Act Creating The Mindanao Development Authority, Prescribing Its Powers, Functions, And Duti
Presidential Decree No. 594
December 3, 1974
Case Overview and Summary
Summary of Presidential Decree No. 594Declaration of Policy (Section 1):
- Foster accelerated and balanced growth of Mindanao and Sulu region within national development plans.
- Create a government corporation to draw up regional development plans, provide leadership in pioneering industrial and agricultural enterprises, coordinate efforts of public and private entities, and extend financial, management, and technical support.
Purposes of the Authority (Section 5):
- Survey physical and natural resources, social conditions, and regional problems, and draft a comprehensive development plan. (Section 5a)
- Coordinate and integrate projects of local governments, agencies, and private entities for balanced regional development. Disputes involving jurisdiction shall be settled by the President. (Section 5b)
- Engage in pioneering industrial, agricultural, or other enterprises necessary for socio-economic development, either alone or in cooperation with private entities. Social and service-oriented projects require President's approval on NEDA's recommendation. (Section 5e)
- Advise, cooperate in, or undertake relocation or resettlement of affected populations. (Section 5f)
- Report annually to NEDA and the President on progress, social and economic conditions, problems, targets, and recommendations. (Section 5g)
Powers and Functions (Section 6):
- Acquire, lease, hold, mortgage, sell, or dispose of personal and real property. (Section 6f)
- Exercise the right of eminent domain, with titles acquired in the name of the Republic of the Philippines and later transferred to the Authority. (Section 6h)
Capitalization and Operating Expenses (Sections 7 and 8):
- Authorized capital of 300 million pesos, fully subscribed by the Republic of the Philippines. (Section 7)
- For social and service-oriented projects, the Board may appropriate from the revolving fund, and the National Government shall reimburse the Authority. (Section 7c)
- Annual operating expenses of up to 2 million pesos, reimbursed from the General Appropriations Act and accruing to the revolving fund. Additional appropriations require President's approval on NEDA's recommendation. (Section 8)
Bond Issuance (Sections 9, 10, and 11):
- The Board may issue bonds with the President's approval on NEDA's recommendation after consulting the Monetary Board. (Section 9)
- NEDA, in consultation with the Monetary Board, shall prescribe the terms and conditions of bond issuance, placement, sale, servicing, redemption, and payment. (Section 10)
- Bonds may be payable in Philippine currency or readily convertible foreign currency and are receivable as security in government transactions. (Section 11)
Tax Exemptions and Sinking Fund (Sections 12 and 13):
- The Authority and its subsidiary corporations are exempt from all taxes, fees, imports, and duties, except after transfer of ownership to the private sector. Bonds are also tax-exempt. (Section 12)
- A sinking fund shall be established under the custody of the Central Bank to redeem bonds at maturity, with contributions and investments determined by NEDA and the Monetary Board. (Section 13)
Board of Directors (Sections 15, 16, 17, and 25):
- The Board consists of seven members appointed by the President, with a designated Chairman. The President may designate the General Manager as Acting Chairman. (Section 15)
- In case of vacancy or absence of the Chairman, the most senior qualified member shall act as Chairman. (Section 16)
- The initial Board members' terms range from 2 to 6 years, with subsequent members serving 6-year terms. (Section 17)
- Board members receive a per diem of 250 pesos per meeting, up to a maximum of 1,000 pesos, and reimbursement for expenses. (Section 25)
General Manager (Sections 26 and 28):
- The General Manager is nominated by the Board and appointed by the President, with responsibilities for preparing policies, executing and administering approved policies, directing and supervising operations, and exercising other powers vested by the Board. (Section 26)
- The General Manager receives an annual compensation of 48,000 pesos charged to the operating expenses. In case of vacancy or absence, the most senior department head shall act as General Manager and receive the same compensation. (Section 28)
Administrative Officials and Merit System (Sections 30, 31, 32, and 33):
- The Authority's activities are carried out under the supervision of the General Manager through various department heads, including Planning and Research, Program Implementation, Legal, Finance, and Administrative Services. (Section 30)
- All officials, agents, and employees shall be selected and appointed based on a comprehensive merit system established by the Authority in accordance with Civil Service rules. (Section 31)
- Department heads are appointed by the Board upon the General Manager's recommendation. (Section 32)
- Employees and officials below department heads are appointed by the General Manager based on the merit system, with quarterly reports to the Board. (Section 33)
Other Provisions (Sections 37, 40, 41, and 42):
- Employees are entitled to benefits granted by existing laws. (Section 37)
- The Authority operates as an independent corporation subject to NEDA's supervision. (Section 40)
- Purchases and contracts for services, except personal services, shall follow rules prescribed by the Board and approved by the President on NEDA's recommendation. (Section 41)
- The Auditor General shall appoint a representative as the Authority's auditor, with personnel and expenses paid by the Authority. The Auditor General shall submit an annual audit report to the President and the National Assembly. (Section 42)
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Executive Issuances
Presidential Decrees
Mindanao Development Authority
regional development
socio-economic growth
industrial and agricultural enterprises
financial support
technical support
management support
subsidiary corporations
resettlement
eminent domain
bond issuance
tax exemptions
sinking fund
Board of Directors
General Manager
merit system
auditing
National Economic and Development Authority
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Amending Certain Provisions Of Republic Act Numbered Thirty Hundred And Thirty-Four Entitled "An Act Creating The Mindanao Development Authority, Prescribing Its Powers, Functions, And Duti
Presidential Decree No. 594
•December 3, 1974
MALACAÑANGM a n i l a
PRESIDENTIAL DECREE No. 594 December 3, 1974
AMENDING CERTAIN PROVISIONS OF REPUBLIC ACT NUMBERED THIRTY HUNDRED AND THIRTY-FOUR ENTITLED "AN ACT CREATING THE MINDANAO DEVELOPMENT AUTHORITY, PRESCRIBING ITS POWERS, FUNCTIONS, AND DUTIES, PROVIDING FUNDS THEREFOR AND FOR OTHER PURPOSES"
WHEREAS, it is a declared policy to promote and accelerate the socio-economic growth and development of the Mindanao region;
WHEREAS, in pursuance of such policy there is an urgent need to strengthen and extend over-all support to the Mindanao Development Authority to enable it to meet the implementation requirements of its expanding programs and activities in its area of responsibility;
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by the Constitution as Commander-in-Chief of all the Armed Forces of the Philippines and pursuant to Proclamation No. 1081 dated September 21, 1972, and General Order No. 1 dated September 22, 1972, as amended and in order to effect the desired changes and reforms in the social, economic and political structure of...
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