SIXTEENTH CONGRESS
REPUBLIC OF THE PHILIPPINES )
FIRST REGULAR SESSION )

HOUSE OF REPRESENTATIVES

Introduced by Representative Rufus B. Rodriguez ark
Representative Maximo B. Rodriguez, Jr.

House Bill No__1618

EXPLANATORY NOTE

This bill was originally introduced as House Bill No. 3284 by the undersigned
Rufus B. Rodriguez 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 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 Government Units to fully achieve the objectives of PHIVIDEC.
Hence, this bill.

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

RUFUS B. RODRIGUEZ

MAXIM@B. RODRIGUEZ, JR.


SIXTEENTH CONGRESS )
REPUBLIC OF THE PHILIPPINES )
FIRST REGULAR SESSION )

HOUSE OF REPRESENTATIVES

Introduced by Representative Rufus B. Rodriguez and
Representative Maximo B. Rodriguez, Jr.

~’ House Bill No. 1619

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