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EIGHTEENTH CONGRESS )
REPUBLIC OF THE PHILIPPINES )
First Regular Session )

HOUSE OF REPRESENTATIVES

"Introduced by Representative Rutu:
House Bill No. 2791
EXPLANATORY NOTE

This bill was originally introduced as House Bill No. during the 15" Congress where it
was approved by the Committee on Veterans Affairs and Welfare. It was subsequently
approved by the House of Representatives and was transmitted to the Senate where it was
not acted upon. It was re-filed during the 16" Congress and the 17" Congress.

It is the policy of the State to encourage, promote and sustain the economic and
social growth of the country. One way of achieving this goal is the provision of well-planned
areas with the appropriate infrastructure facilities. It is also the policy of the State to hamess
the full potentials and capabilities of veterans and AFP retirees so that they could participate
fully in the enhancement of the economic development of the country. Hence, Philippine
Veterans Investment Development Company (PHIVIDEC) was created by Presidential
Decree No. 243 for the purpose of pooling the economic resource potentials of these
veterans and retirees. Furthermore, it is also the policy of the State to give representation to
the local government units where economic enterprises are located. LGUs should be part of
the policy-making body of the enterprise so that the interests of the local communities will be
protected

Under Presidential Decree No. 243, as amended by Presidential Decree No. 353,
and further amended by Presidential Decree No. 918, PHIVIDEC shall be governed and its
activities shall be directed, controlled and managed by a Board of Directors which shall be
composed of seven members to be appointed by the President of the Philippines from a list,
of nominees who should preferably be qualified veterans and retirees in good standing to be
submitted by the Secretary of National Defense.

The first areas developed by PHIVIDEC are those located in the municipalities of
Tagoloan and Villanueva in the Province of Misamis Oriental. Being the pilot areas, the
composition of the Board of Directors of the PHIVIDEC should include representatives from
their respective Local Goverment Units to fully achieve the objectives of PHIVIDEC. Hence,
this bill

In view of the foregoing, the passage of this bill is earnestly sought

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EIGHTEENTH CONGRESS )
REPUBLIC OF THE PHILIPPINES )
First Regular Session )

HOUSE OF REPRESENTATIVES

Introduced by Representative Rufus B. Rodriguez
House Bili No. 2791

AN ACT
ADDING TWO (2) REPRESENTATIVES FROM THE LOCAL GOVERNMENT UNITS OF
THE MUNICIPALITIES OF VILLANUEVA AND TAGOLOAN IN MISAMIS ORIENTAL AS
MEMBERS OF BOARD OF DIRECTORS OF THE PHILIPPINE VETERANS INVESTMENT
DEVELOPMENT COMPANY (PHIVIDEC) INDUSTRIAL AUTHORITY, AMENDING FOR
THE PURPOSE AMENDING PRESIDENTIAL DECREE NO. 538, CREATING THE
PHIVIDEC INDUSTRIAL AUTHORITY AS AMENDED BY EXECUTIVE ORDER NO. 1031

Section 1. Declaration of Policy — It is the policy of the State to encourage, promote and
sustain the economic and social growth of the country through the provision of well-planned
areas with the appropriate infrastructure facilities. It is also the policy of the State to harness
the full potentials and capabilities of veterans and Armed Forces of the Philippines retirees
so that they could participate fully in the enhancement of the economic development of the
country. Furthermore, it is also the policy of the State to give representation to the local
government units where economic enterprises are located

SEC. 2. Amendment — Section 6 of Presidential Decree No. 538, as amended by
Executive Order No. 1031 is hereby further amended to read as follows.

"SEC. 6. Exercise of Corporate Powers. - The affairs and business
of the Authority shall be directed, and its properties managed, controlled and
preserved, by [a] THE Board of Directors, hereinafter referred to as the
Board, which shall be composed of the following: the [Minister]
SECRETARY of Finance or his duly designated representative as ex-officio
member, the [Minister] SECRETARY of Trade and Industry or his duly
designated representative as ex officio member and [seven (7)] NINE (9)
‘other members to be appointed by the President of the Philippines upon the
recommendation of the [Minister] SECRETARY of National Defense, for a
term of three (3) years, SEVEN OF WHOM SHALL COME from amona
qualified veterans and retirees of good standing [] OR their dependents
AND TWO MEMBERS, ONE REPRESENTING THE MUNICIPALITY OF
TAGOLOAN AND ANOTHER REPRESENTING THE MUNICIPALITY OF
VILLANUEVA, BOTH IN MISAMIS ORIENTAL AS NOMINATED BY
THEIR RESPECTIVE SANGGUNIANG BAYAN [, or persons who are in
active military service]: Provided, That no person shall be appointed
member of the Board, unless he is of unquestioned integrity and has
experience and expertise in finance, management, economics, law or
government administration. Should there be any vacancy by reason of
death, permanent incapacity, removal or resignation of nay appointive
member, the person appointed to fill the vacancy shall serve only for the
unexpired portion of the term of his predecessor.

“The President of the Philippines shall designate the Chairman of the
Board from among the appointive members. In case of absence or
temporary incapacity of the Chairman, the Vice-Chairman shall act as
Chairman. In case of absence or temporary incapacity of the Chairman and



the Vice-Chairman, the Board by a majority vote, shall designate an acting
Chairman from among its members.

“The chief executive officer of the Authority and ex-officio Vice-
Chairman of the Board shall be the Administrator appointed by the President
of the Philippines from among the members of the Board. The Board shall
determine the other executives and officers of the Authority

“The Board shall meet regularly at least once a month, and as often
‘as the exigencies demand. The presence of at least [five (5)] SIX (6)
members shall constitute @ quorum, and the majority vote of the members
present, there being a quorum, shall be necessary for the adoption of any
resolution, decision, rule, regulation, or any act of the Board.

“For every meeting actually attended, each member of the Board
shall receive a per diem of [P300.00] FIVE THOUSAND PESOS (P5,000)
unless the board shall fix a higher amount therefore.”

SEC. 3. Separability Clause. — If, for any reason, any section or provision of this Act is
declared unconstitutional or invalid, the other sections or provisions hereof which are not

affected thereby shall continue to be in full force and effect.

SEC. 4.

thereof inconsistent with this Act are hereby repealed or modified accordingly

SEC. 5. Effectivity. — This Act shall take effect fifteen (15) days after its complete

publication in at least two (2) newspapers of general circulation.

Approved,

Repealing Clause. — All laws, orders, issuances, rules and regulations or parts