Republic of the Philippines 
HOUSE OF REPRESENTATIVES 
Quezon City 
NINETEENTH CONGRESS 
First Regular Session 
HOUSE BILL NO. _______ 
Introduced by REPRESENTATIVE CHRISTOPHERSON “COCO” M. YAP 
. 
EXPLANATORY NOTE 
This bill seeks to create the Philippine Airports Corporation, a government agency 
that will exercise exclusive power and authority to create and manage airports, 
expand existing ones, and provide airport facilities that are safe and convenient for 
air travelers, among others, powers that are currently being held by the Civil 
Aviation Authority of the Philippines (CAAP) in addition to its critical civil air 
regulatory functions.  
The proposal is consistent with recommendations to rationalize governance by 
separating the developmental powers of agencies from their regulatory functions, 
thereby preventing potential conflict between the need to develop government assets 
and the need to ensure that government services are in accord with national laws, 
rules and regulations and international standards and the expectations of its citizens. 
Considering the importance of aviation in moving goods and people throughout the 
Philippine archipelago, it is necessary to put in place a policy framework that will 
ensure clear direction and harmony in the air transport industry. 
July 22, 2022
9:14 am
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Today, as the country is slowly inching forward to recovery, the tourism sector is 
already asking for plans and programs to revive the momentum of the tourism 
industry prior to the country’s “closure” during the pandemic.  Potential investors 
and players in the transport, construction, minerals and agricultural processing, 
industry, and manufacturing sectors are also targeting areas outside Metro Manila 
and other highly urbanized cities that are ideal for the establishment of plants, 
warehouses, and trading centers, with convenient access to efficient and reliable air 
and sea transportation facilities. 
 
The idea behind this proposal was planted in the 17th Congress by Rep. Johnny Ty 
Pimentel and then Speaker Pantaleon Alvarez and other House leaders.  During the 
18th Congress, Reps. Eric L. Olivarez and Carmelo Lazatin filed their own versions, 
while Rep. Pimentel and the group of former Speaker Alvarez also re-filed their 
previous proposals. 
 
In view of the need to rationalize development in the aviation sector in anticipation 
of increased air traffic in the coming years, approval of this bill is earnestly being 
sought.  
 
 
 
 
CHRISTOPHERSON “COCO” M. YAP 
Representative, 2nd District of Southern Leyte 
 
 


Republic of the Philippines 
HOUSE OF REPRESENTATIVES 
Quezon City 
NINETEENTH CONGRESS 
First Regular Session 
House Bill No. _____ 
Introduced by REPRESENTATIVE CHRISTOPHERSON “COCO” M. YAP 
. 
AN ACT 
CREATING THE PHILIPPINE AIRPORTS CORPORATION, 
DEFINING ITS POWERS AND FUNCTIONS,   
AND PROVIDING FUNDS THEREFOR 
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 “Philippine Airports 
1 
Corporation (PAC) Act”. 
2 
SEC. 2. Definition of Terms. – For purposes of this Act, the following terms 
3 
shall mean: 
4 
(a)
Airport shall refer to a defined area on land or water including buildings,
5 
runways, installations, facilities, and equipment intended to be used
6 
wholly or in part for the arrival, departure, or surface movement of an
7 
aircraft, with provision for passengers to wait in comfortably and safely.
8 
When used in this Act, it shall include all domestic and international
9 
airports in the country;
10 
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(b) 
Corporation shall refer to the Philippine Airports Corporation created in 
11 
Section 3 hereof; 
12 
(c) 
Board shall refer to the Board of Directors of the Philippine Airports 
13 
Corporation; 
14 
SEC. 3. Creation of the Philippine Airports Corporation. – There is hereby 
15 
established a body corporate to be known as the Philippine Airports Corporation, 
16 
which shall be attached to the Department of Transportation (DOTr) for policy 
17 
coordination. 
18 
SEC. 4. Purposes and Objectives. – The Corporation shall have the following 
19 
purposes and objectives: 
20 
(a) To promote domestic and international air traffic in the Philippines as a 
21 
means of accelerating the development of aviation as a mode of 
22 
transportation as well as making the country a center for international 
23 
trade and preferred destination for manufacturing and tourism; 
24 
(b) To formulate and adopt internationally acceptable standards of airport 
25 
accommodation and service in all domestic and international airport 
26 
terminals in the country; and 
27 
(c) To upgrade and provide safe, efficient, and reliable airport facilities for 
28 
domestic and international air travel. 
29 
SEC. 5. Functions and Powers of the Corporation. – The Corporation shall 
30 
have the following functions and powers: 
31 
(a) To formulate a comprehensive and integrated policy and program for all 
32 
domestic and international airport terminals in the country, and to 
33 
implement, review, and update such policy and program periodically;  
34 
(b) To control, supervise, construct, maintain, operate, and provide such 
35 
facilities and services as shall be necessary for the safe and efficient 
36 
functioning of all domestic and international airport terminals in the 
37 
country; 
38 
(c) To promulgate rules and regulations governing the planning, development, 
39 
maintenance, operation, and improvement of domestic and international 
40 
airport terminals in the country and to control or supervise the 
41 


 
 
construction of any structure or the rendition of any service within all 
42 
domestic and international airport terminals; 
43 
(d) To sue and be sued in its corporate name; 
44 
(e) To adopt and use a corporate seal; 
45 
(f) To succeed in its corporate name; 
46 
(g) To adopt its by-laws and to amend or repeal the same from time to time; 
47 
(h) To execute or enter into contracts of any kind or nature; 
48 
(i) To acquire, purchase, own, administer, lease, mortgage, sell or otherwise 
49 
dispose of any land, building, airport facility or property of whatever kind 
50 
and nature, whether movable or immovable or any interest therein; 
51 
(j) To exercise the power of eminent domain in the pursuit of its purposes and 
52 
objectives; 
53 
(k) To levy, and collect dues, charges, fees or assessments for the use of the 
54 
airport premises, works, appliances, facilities or concessions or for any 
55 
service provided by it, subject to the approval of the Secretary of Finance; 
56 
(l) To invest its idle funds, as it may deem proper, in government securities; 
57 
(m) To provide services, whether on its own or otherwise, within the airports 
58 
and the approaches thereof, such as: 
59 
(1) Movement of aircraft and allocation of aircraft parking areas on the 
60 
ground, 
61 
(2) Loading or unloading of aircraft; 
62 
(3) Passenger handling and other services directed towards the care, 
63 
convenience and security of passengers, visitors, and other airport 
64 
users; and 
65 
(4) Sorting, weighing, measuring, warehousing, or handling of baggage 
66 
and goods. 
67 
(n) To prescribe and revise minimum safety standards for the operation of 
68 
airport facilities in the Philippines; 
69 
(o) To perform such other acts and transact such other business, directly or 
70 
indirectly as may be necessary, incidental or conducive, to the attainment 
71 
of its purposes and objectives, including the adoption of necessary 
72 
measures to remedy congestion in the airports; and 
73 


 
 
(p) To exercise all the powers under the Corporation Code, insofar as these 
74 
are not inconsistent with the provisions of this Act. 
75 
SEC. 6. Police Authority. – The Corporation shall have the power to exercise 
76 
such police authority, as may be necessary within its premises, to carry out its 
77 
functions and attain its purposes and objectives. The grant of such powers shall be 
78 
without prejudice to the exercise of functions within the same premises by other 
79 
concerned government agencies as provided for by law: Provided, That the 
80 
Corporation may seek the assistance of law enforcement agencies, including requests 
81 
for deputation as may be required. Such police authority shall be exercised in 
82 
connection with the following: 
83 
(a) 
Maintenance of security to passengers, cargoes, aircraft, airport 
84 
equipment, structures, facilities, personnel, funds, and documents; 
85 
(b) 
Regulating the entry to, exit from, and movement within the airports; 
86 
(c) 
Maintenance of peace and order within the premises of the airports in 
87 
coordination with local police authorities and other authorized peace-
88 
keeping entities within the airports; 
89 
(d) 
Regulation and supervision of private security agencies operating within 
90 
the airports; and 
91 
(e) 
Enforcement of rules and regulations promulgated by the Corporation 
92 
pursuant to law. 
93 
SEC. 7.  Board of Directors. – The corporate powers of the Corporation shall 
94 
be exercised by and vested in the Board composed of nine (9) members, as follows: 
95 
(a) Secretary of the DOTr, as Chairperson; 
96 
(b) General Manager of the Corporation, as Vice-Chairperson; 
97 
(c) An Undersecretary of the Department of Finance (DOF); 
98 
(d) An Undersecretary of the Department of Tourism; 
99 
(e) Director General of the Civil Aviation Authority of the Philippines 
100 
(CAAP); and 
101 
(f) Four (4) representatives from the private sector. 
102 
The selection, nomination, appointment, removal, and the term of office of the 
103 
private sector representatives shall be in accordance with the provisions of Chapter 
104 


 
 
IV of Republic Act No. 10149, otherwise known as the “GOCC Governance Act of 
105 
2011”.   
106 
The Board shall meet at least once a month or as often as the exigencies of the 
107 
service demand. The presence of at least five (5) members shall constitute a quorum, 
108 
and the vote of a majority of the members present, there being a quorum, shall be 
109 
necessary for the adoption of any rule, regulation, resolution, decision, or any other 
110 
act of the Board. 
111 
The members of the Board shall receive per diems for every meeting actually 
112 
attended: Provided, That such per diem shall conform with existing guidelines of the 
113 
Commission on Audit (COA). The members of the Board shall be reimbursed by the 
114 
Corporation for actual expenses including traveling and subsistence expenses 
115 
incurred by them in the performance of their duties. 
116 
SEC. 8. Functions and Powers of the Board. – The Board shall have the 
117 
following functions, powers, and duties; 
118 
(a) To define and approve the programs, plans, policies, procedures, and 
119 
guidelines of the Corporation for the development and operation of the 
120 
airports within the context of the overall government objectives, and the 
121 
management, operation, and administration of the Corporation; 
122 
(b) To approve the Corporation’s organizational and administrative structure, 
123 
staffing pattern, operating and capital expenditures and financial budgets 
124 
prepared in accordance with its corporate plan and upon the 
125 
recommendation of the General Manager; 
126 
(c) To appoint the General Manager of the Corporation; and 
127 
(d) To perform all functions, exercise all other powers, and fulfill all duties 
128 
provided for under the Corporation Code, insofar as they are not 
129 
inconsistent with the provisions of this Act. 
130 
SEC. 9. General Manager. – The Corporation shall be headed by a General 
131 
Manager who shall act as its Chief Executive Officer and shall exercise the following 
132 
powers and duties: 
133 
(a)  To direct and supervise the management, operation, and administration 
134 
of the Corporation and its integral units including its buildings, runways, 
135 
facilities, and equipment, so as to provide international standards of service 
136 


 
 
to airport users and to ensure its financial stability in accordance with the 
137 
programs, plans, policies, procedures, and guidelines promulgated by the 
138 
Board; 
139 
(b) To provide general supervision and overall coordination of all government 
140 
agencies operating in the airports with respect to the allocation and use of 
141 
building space and airport premises; 
142 
(c) To undertake researches, studies, investigations, and other activities related 
143 
to the present operations and future development requirements of the 
144 
airports, motu proprio or upon instruction of the Board, and to submit 
145 
comprehensive reports and appropriate recommendations to the Board for 
146 
its information and action; 
147 
(d) To appoint, transfer, suspend, remove, or otherwise discipline any 
148 
subordinate officer or employee of the Corporation, subject to the 
149 
approval of the Board, and to engage, either on contractual basis or other 
150 
suitable arrangements, the services of highly qualified professionals, 
151 
experts, technical advisers, or consulting firms and to determine their 
152 
compensation or fees including other terms and conditions of employment 
153 
as may be authorized by the Board; 
154 
(e) To enter into a memorandum of agreement or understanding contracts or 
155 
such other arrangements as may be feasible with such government agencies 
156 
or private entities operating or providing services to the Corporation to 
157 
ensure proper coordination and integration of all activities in the 
158 
Corporation, subject to the approval of the Board or such laws, rules and 
159 
regulations as are applicable in the exercise of such authority; 
160 
(f) To establish and maintain, in coordination with the appropriate 
161 
government offices and agencies, a system for the regular and prompt 
162 
dissemination of financial, statistical, and other relevant data within the 
163 
Corporation and to the Board; 
164 
(g) Within the limits of the authority delegated by the Board, to execute 
165 
contracts, incur obligations, acquire and dispose of assets, and deliver 
166 
documents on behalf of the Corporation; 
167 


 
 
(h) To implement and enforce decisions, orders, rules and regulations issued, 
168 
prescribed, or adopted by the Board; and 
169 
(i) To perform such other duties as the Board may delegate or assign and such 
170 
acts as may be necessary for the proper implementation this Act. 
171 
SEC. 10.  New Airports. – The Board shall be responsible for the planning, 
172 
development, construction, operation, maintenance and the expansion of airports.  
173 
In planning and development of new airports, the Board shall consider: 
174 
(a) The suitability of a proposed site in terms of terrain and proximity to 
175 
population centers; 
176 
(b) The projected size of the market to be served by a proposed airport; 
177 
(c) The ability of a proposed airport to generate sufficient revenue to cover 
178 
costs of operation and maintenance; 
179 
(d) The availability of funding from both local and foreign sources for the 
180 
construction of a new airport or expansion of an existing one; 
181 
(e) The proximity of other airports to a proposed new airport and the 
182 
capability of such other airport to handle traffic projected to be generated 
183 
by the proposed new airport; 
184 
(f) The government’s public service obligations such as the government’s duty 
185 
to ensure the availability of air transport infrastructure for remote areas 
186 
far from major population centers that are not otherwise easily accessible 
187 
by transportation by land or sea; 
188 
(g) International Civil Aviation Organization’s (ICAO) best practices and 
189 
recommendations concerning the development of airports; and 
190 
(h) Such other considerations as the Board, in the exercise of its reasonable 
191 
discretion, may consider relevant or important. 
192 
SEC. 11. Airport Operation Certification. – Any person desiring to operate a 
193 
private airport or air navigation facility may file with the Corporation an application 
194 
for an Airport Operating Certificate (AOC). If the Corporation finds after 
195 
investigation and public hearing that the applicant is properly and adequately 
196 
equipped and able to conduct a safe operation in accordance with the requirements 
197 
of this Act and the rules and regulations and standards prescribed herein, the 
198 
Corporation shall issue an AOC to the applicant. 
199 


 
 
Each AOC shall prescribe such terms, conditions, and limitations as are 
200 
reasonably necessary to assure safety in air transport. Unless the Corporation 
201 
determines that it would be contrary to public interest, such terms, conditions and 
202 
limitations shall include: 
203 
(a) The operation and maintenance of adequate safety equipment, including 
204 
firefighting and rescue equipment capable of rapid access to any portion of 
205 
the airport used for landing, take-off or surface maneuvering of aircraft; 
206 
and 
207 
(b) The condition and maintenance of primary and secondary runways. 
208 
For this purpose, the Corporation shall inspect, classify, and rate any air navigation 
209 
facilities and airports available for the aircraft as to the suitability of such use. 
210 
SEC. 12. Capital. – The Corporation shall have a capital equal to and 
211 
consisting of: 
212 
a. The value of fixed assets including airport facilities, runways and 
213 
equipment and such other properties, movable and immovable, which may 
214 
be contributed by the National Government or transferred by it from any 
215 
of its agencies the valuation of which shall be determined jointly by the 
216 
Department of Budget and Management (DBM) and the COA on the date 
217 
of such contribution or transfer after making due allowances for 
218 
depreciation and other deductions and liabilities of the Corporation at the 
219 
time of the takeover of the assets and other properties;  
220 
b. The unexpected balances of appropriations in the current General 
221 
Appropriations Act, and other laws in force upon approval hereof, 
222 
pertaining to, held or used by, or available to the entities abolished or whose 
223 
powers, duties and responsibilities have been transferred to the Corporation 
224 
under this Act, including concerned government agencies; 
225 
c. Any surplus income that may be derived from or shall accrue to the 
226 
Corporation upon its organization and its assumption of the assets and 
227 
liabilities of the entities that have been abolished or whose powers, duties 
228 
and responsibilities have been transferred to the Corporation under this 
229 
Act, including concerned government agencies; and 
230 


 
 
d. Such amount as may be appropriated from time to time from the funds of 
231 
the National Treasury not otherwise appropriated, including any outlay 
232 
from the infrastructure program of the National Government and as may 
233 
be provided in the annual General Appropriations Act. 
234 
SEC. 13. Contribution to the General Fund. – The Corporation shall comply 
235 
with the provisions of Republic Act No. 7656, requiring government-owned or 
236 
controlled corporations to declare dividends under certain conditions to the National 
237 
Government.  
238 
SEC. 14. Auditor. – The Chairperson of the COA shall be the ex officio auditor 
239 
of the Corporation. For this purpose, the COA may appoint a representative, 
240 
together with the necessary personnel, to assist said representative in the 
241 
performance of duties. 
242 
The auditor shall, as soon as practicable but not later than three (3) months 
243 
after the accounts have been submitted for audit, send an annual report to the Board. 
244 
The auditor may also submit such periodic or special reports as the Board may deem 
245 
necessary. 
246 
SEC. 15. Legal Counsel. – The Government Corporate Counsel shall be the 
247 
legal counsel of the Corporation: Provided, That the Corporation may establish its 
248 
own legal department to handle the day-to-day legal matters affecting its affairs. 
249 
SEC. 16. Annual Report. – The Board shall submit to the President of the 
250 
Philippines, through the DOTr, together with the audit report on the relevant 
251 
accounts, an annual report generally dealing with the activities and operations of the 
252 
Corporation. The Board shall also make available such report to the public. 
253 
SEC. 17. Applicability of the Civil Service Law. – The Corporation and its 
254 
officials and employees shall be subject to the Civil Service Law and its rules and 
255 
regulations. 
256 
SEC. 18. Borrowing Power. – The Corporation may, subject to the review and 
257 
approval of the Monetary Board and the DOF, raise funds either from local or 
258 
international sources by way of loans, credit, or securities, and other borrowing 
259 
instruments with the power to create pledges, mortgages, and other voluntary liens 
260 
or encumbrances on any of its assets or properties. 
261 


 
 
All loans contracted by the Corporation under this Section, together with all 
262 
interests and other sums payable in respect hereof shall constitute a charge upon all 
263 
the revenues and assets of the Corporation and shall rank equally with one another, 
264 
but shall have priority over any other claim or charge on the revenue and assets of 
265 
the Corporation: Provided, That this provision shall not be construed as a 
266 
prohibition or restriction on the power of the Corporation to create pledges, 
267 
mortgages, and other voluntary liens or encumbrances on any of its assets or 
268 
properties.   
269 
Except as expressly authorized by the President of the Philippines, the total 
270 
outstanding indebtedness of the Corporation in the principal amount in local and 
271 
foreign currency shall not, at any given time, exceed the net worth of the 
272 
Corporation. 
273 
The President of the Philippines, after consultation with the Secretary of 
274 
Finance, may guarantee in the name and on behalf of the Republic of the Philippines, 
275 
the payment of the loans or other indebtedness of the Corporation up to the amount 
276 
herein authorized. 
277 
SEC. 19. Increase or Decrease of Rates. – The Corporation may increase or 
278 
decrease the rates of the dues, charges, fees or assessments collectible by the 
279 
Corporation to protect the interest of the government and provide a satisfactory 
280 
return on the Corporation’s assets: Provided, That the setting of rates should be in 
281 
alignment with international policies on airport charges adopting the key principles 
282 
of transparency, cost-relatedness, consultation, and non-discrimination.  The 
283 
Corporation may adjust the schedule of such rates so as to reflect the cost of facilities 
284 
or services provided or rendered. These dues, charges, fees or assessments may be 
285 
periodically reviewed by the Corporation, which shall make such adjustments to the 
286 
schedule of rates as shall adequately reflect any increase in price levels and, in the 
287 
case of concession rentals, volume of traffic through the airports, subject to the 
288 
provisions of Batas Pambansa Blg. 325, Authorizing Heads of All Ministries, Offices 
289 
and Agencies, and the Commissions of the National Government, the Supreme 
290 
Court, and Constitutional Bodies, to Revise their Fees and Charges”.  
291 
SEC. 20. Remedies for Non-Payment. – If the owner or agent of any aircraft 
292 
refuses or neglects to pay on demand any rate or charges made in pursuance to 
293 


 
 
Section 19 hereof, the Corporation, after complying with the required legal 
294 
formalities provided by law, shall have the power to impose a lien on such aircraft, 
295 
equipment, or furniture belonging to the owner or agent of said aircraft, until the 
296 
amounts due shall have been paid. 
297 
SEC. 21. Fines and Penalties. – The Corporation shall have the power to exact 
298 
reasonable administrative fines in such specific amounts and for such specific 
299 
violations arising out of the use of the airports as shall be prescribed in the rules and 
300 
regulations which the Corporation is authorized to issue for the purpose. 
301 
SEC. 22. Competitive Tender. – The General Manager shall, as far as 
302 
practicable, grant permits or concessions to trade or to engage in business within the 
303 
areas controlled by the Corporation to the highest bidder after a competitive public 
304 
bidding: Provided, That the bidding requirements may be waived in the case of 
305 
banks, branches of the post office, National Telecommunications Commission 
306 
(NTC), other government agencies in airline operations or where the fees, rates or 
307 
assessments to be charged have been fixed by the Board. 
308 
The General Manager shall require such permittees or concessionaires to 
309 
provide goods or services acceptable under international standards and at such prices 
310 
similar to goods or services in Metropolitan Manila or airports in other countries: 
311 
Provided, That such final awards of permits or concessions to successful bidders 
312 
shall be subject to the approval of the Board. 
313 
SEC. 23. Tax Exemption. – The Corporation shall be exempt from realty tax 
314 
imposed by political subdivisions, agencies, or instrumentalities of the National 
315 
Government: Provided, That the tax exemption herein granted shall not extend to 
316 
any subsidiary which may be organized by the Corporation. 
317 
SEC. 24. Transfer of Power and Assets. – All powers, duties, and rights vested 
318 
by law and exercised by the CAAP relating to the control, supervision, construction, 
319 
maintenance, operation, provision of services and facilities and the efficient 
320 
functioning of all domestic and international airports in the country pursuant to 
321 
Republic Act No. 9497 are hereby transferred to the Corporation.  All assets, real 
322 
and personal properties, contracts, records and documents and funds and revenues 
323 
owned by or vested in the different offices of CAAP in relation to the powers, duties 
324 
and rights herein transferred shall also be transferred to the Corporation.  
325 


 
 
SEC. 25. Projects in Progress. – All ongoing projects relating to the 
326 
construction of airport facilities shall be continued by the agency or agencies 
327 
involved until completion. Thereafter, such projects shall be transferred to the 
328 
Corporation in accordance with agreements among agencies concerned. Any 
329 
disagreement relating to such transfer shall be submitted to the Office of the 
330 
President of the Philippines for final decision. 
331 
SEC. 26. Transfer of Liabilities and Debts. – Upon the transfer to and 
332 
acceptance by the Corporation of the existing physical facilities, intangible assets, 
333 
and completed projects referred to in the preceding sections, all debts, liabilities and 
334 
obligations of the entities concerned and other government agencies in respect to 
335 
such physical facilities, tangible assets, and completed projects within the airports 
336 
shall likewise be assumed by the Corporation. 
337 
SEC. 27. Appropriations. – To provide for any extraordinary expenses of the 
338 
Corporation upon its organization, the unutilized portion of actual operating income 
339 
over the estimated expenses of the entities whose powers, duties and responsibilities 
340 
have been transferred to the Corporation under this Act, at the time of the passage 
341 
of this Act, is hereby appropriated for purposes approved by the Board. This shall 
342 
be considered as part of the Corporation’s capital under Section 12 hereof. 
343 
SEC. 28. Implementing Rules and Regulations. – Within ninety (90) days after 
344 
the passage of this Act, the Board shall, in consultation with the DOTr, CAAP, DOT, 
345 
DOF, and DBM, promulgate the implementing rules and regulations, including 
346 
therein the provisions on the transfer of specific powers and assets from CAAP, 
347 
projects in progress relating to the construction of airport facilities, and liabilities 
348 
and debts, as mandated in Sections 24 to 27 hereof, for the effective implementation 
349 
of this Act.   
350 
SEC. 29. Separability Clause. – If any provision of this Act is declared invalid 
351 
or unconstitutional, the other provisions not affected thereby shall remain valid and 
352 
subsisting. 
353 
SEC. 30. Repealing Clause. - All Acts, executive orders, memorandum 
354 
circulars, guidelines and other issuances or parts thereof, which are inconsistent with 
355 
this Act, are hereby repealed or modified accordingly.   
356 


 
 
SEC. 31. Effectivity. – This Act shall take effect fifteen (15) days after its 
357 
complete publication in the Official Gazette or in at least two (2) newspapers of 
358 
general circulation. 
359 
Approved, 
360