Republic of the Philippines
Congress of the Philippines
Metro ManilaThirteenth Congress
Third Special SessionBegun and held in Metro Manila, on Monday, the nineteenth day of February, two thousand seven.
Republic Act No. 9490 June 29, 2007
AN ACT ESTABLISHING THE AURORA SPECIAL ECONOMIC ZONE IN THE PROVINCE OF AURORA, CREATING FOR THE PURPOSE THE AURORA SPECIAL ECONOMIC ZONE AUTHORITY, APPROPRIATING FUNDS THEREFOR AND FOR OTHER PURPOSES
Be it enacted by the Senate and House of Representatives of the Philippines in Congress assembled:
Section 1. Short Title. - This Act shall be known as the - Aurora Special Economic Zone Act of 2007â
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Republic Acts
AN ACT ESTABLISHING THE AURORA SPECIAL ECONOMIC ZONE IN THE PROVINCE OF AURORA
Republic Act No. 9490
Summary of the Aurora Special Economic Zone Act of 2007
Establishment of the Aurora Special Economic Zone
- The Aurora Special Economic Zone is established in the Province of Aurora. (Section 3)
- The Aurora Special Economic Zone shall cover the municipalities of Baler, Dipaculao, Maria Aurora, San Luis, Dingalan, and Casiguran. (Section 4)
Creation of the Aurora Special Economic Zone Authority
- The Aurora Special Economic Zone Authority (ASEZA) is created as a body corporate to manage and operate the Aurora Special Economic Zone. (Section 5)
- The ASEZA shall be governed by a Board of Directors composed of various government officials and private sector representatives. (Section 6)
- The ASEZA shall have the following powers and functions: (Section 7)
- Operate, administer, manage, and develop the Aurora Special Economic Zone
- Register, regulate, and supervise the enterprises in the Aurora Special Economic Zone
- Construct, acquire, own, lease, operate, and maintain infrastructure facilities within the Aurora Special Economic Zone
- Raise funds from local and foreign sources
- Issue permits, licenses, and other forms of authorization
- Formulate and implement policies and guidelines for the Aurora Special Economic Zone
Incentives and Benefits
- Enterprises registered with the ASEZA shall be entitled to fiscal and non-fiscal incentives, including income tax holiday, tax and duty exemptions, and simplified import and export procedures. (Section 23)
Appropriations
- The amount of One Hundred Million Pesos (₱100,000,000.00) is appropriated for the initial operating requirements of the ASEZA. (Section 28)
Establishment of the Aurora Special Economic Zone
- The Aurora Special Economic Zone is established in the Province of Aurora. (Section 3)
- The Aurora Special Economic Zone shall cover the municipalities of Baler, Dipaculao, Maria Aurora, San Luis, Dingalan, and Casiguran. (Section 4)
Creation of the Aurora Special Economic Zone Authority
- The Aurora Special Economic Zone Authority (ASEZA) is created as a body corporate to manage and operate the Aurora Special Economic Zone. (Section 5)
- The ASEZA shall be governed by a Board of Directors composed of various government officials and private sector representatives. (Section 6)
- The ASEZA shall have the following powers and functions: (Section 7)
- Operate, administer, manage, and develop the Aurora Special Economic Zone
- Register, regulate, and supervise the enterprises in the Aurora Special Economic Zone
- Construct, acquire, own, lease, operate, and maintain infrastructure facilities within the Aurora Special Economic Zone
- Raise funds from local and foreign sources
- Issue permits, licenses, and other forms of authorization
- Formulate and implement policies and guidelines for the Aurora Special Economic Zone
Incentives and Benefits
- Enterprises registered with the ASEZA shall be entitled to fiscal and non-fiscal incentives, including income tax holiday, tax and duty exemptions, and simplified import and export procedures. (Section 23)
Appropriations
- The amount of One Hundred Million Pesos (₱100,000,000.00) is appropriated for the initial operating requirements of the ASEZA. (Section 28)