Amending Sections 7, 10, 11 and 13 of Executive Order No. 778, as Amended By Executive Orders Nos. 903 and 909, Creating the Manila International Airport Authority

EXECUTIVE ORDER NO. 298 July 26, 1987

AMENDING SECTIONS 7, 10, 11 AND 13 OF EXECUTIVE ORDER NO. 778, AS AMENDED BY EXECUTIVE ORDERS NOS. 903 AND 909, CREATING THE MANILA INTERNATIONAL AIRPORT AUTHORITY

WHEREAS, Executive Order No. 778, dated March 4, 1982, was issued creating the Manila International Airport Authority, a separate and autonomous body, for the purpose of providing, among others, high standards of accommodation and service comparable with the best airports in the world;

WHEREAS, the amendment introduced by Executive Order No. 903 drastically reduced the capital of the Authority to be contributed by the National Government from ten billion (P10,000,000,000.00) Pesos to two and one-half billion (P2,500,000,000.00) Pesos. Considering the substantial increases in the value of the Authority's properties and assets said capitalization is no longer realistic;

WHEREAS, Executive Order No. 903 mandated that sixty-five percentum (65%) of the annual gross operating income of the Authority shall revert to the General Fund in the National Treasury and to be used for the maintenance and operation of other...

Login to see full content

Summary of Executive Order No. 298

Board of Directors (Section 1, amending Section 7 of EO 909):
- The Board of Directors shall consist of 9 members:
• Representative from the Department of Transportation and Communications as Chairman
• General Manager of the Manila International Airport Authority as Vice-Chairman
• Representative from the Office of the President
• Representative from the Department of Finance or Bureau of Customs
• Representative from the Department of Tourism
• Representative from the Department of Justice or Commission on Immigration and Deportation
• Representative from the Office of Assistant Secretary of Air Transportation
• Two representatives from the private sector appointed by the President
- The Board shall meet regularly once a month and as often as necessary
- Quorum is 5 members, and majority vote is required for decisions
- Board members shall receive per diems not exceeding ₱1,000 per month

Capital (Section 2, amending Section 10 of EO 903):
- The capital of the Authority contributed by the National Government shall be increased from ₱2.5 billion to ₱10 billion, consisting of:
• The value of fixed assets, airport facilities, runways, equipment, and other properties contributed by the National Government, after deducting depreciation and liabilities (Section 10a)
• ₱605 million representing 70% of the unremitted share of the National Government from 1983 to 1986 shall be converted into equity (Section 10b)
• Thereafter, the Government contribution shall be provided in the General Appropriations Act

Contribution to General Fund (Section 3, amending Section 11 of EO 903):
- Within 30 days after each quarter, 20% of the gross operating income, excluding payments for utilities and terminal fees, shall be remitted to the General Fund for maintenance and operation of other airports
- Adjustments shall be made at the end of each year based on audited financial statements

Legal Counsel (Section 4, amending Section 13 of EO 903):
- The Government Corporate Counsel and/or the Solicitor General shall be the counsel of the Authority

Other Provisions:
- Repeals or amends inconsistent laws, executive orders, rules, and regulations (Section 5)
- Effective 15 days after publication in the Official Gazette (Section 6)