Executive Order No. 42 (2017) — —Republic Act (RA) No. 7227, otherwise known as the "Bases Conversion and Development Act of 1992," created the SBMA to operate, administer, manage and develop the Subic Special Economic Zone into a self—sustaining, industrial, commercial, financial and investment center, to generate employment opportunities in and around the zone, and to attract and promote productive foreign investments;

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Executive Order No. 42 (2017)

—Republic Act (RA) No. 7227, otherwise known as the "Bases Conversion and Development Act of 1992," created the SBMA to operate, administer, manage and develop the Subic Special Economic Zone into a self—sustaining, industrial, commercial, financial and investment center, to generate employment opportunities in and around the zone, and to attract and promote productive foreign investments;

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Section 1 Section 2 Section 3 · SBMA Administrator and Chairman of the SBMA Board Section 4 Section 5 · Separability Section 6 · Effectivity

Section 1

Section 1. — Repeal. —EO No. 340 (s. 2004) is hereby expressly repealed.

Section 2

Section 2. — Powers of the SBMA Board. —The powers of the SBMA, as defined under RA No. 7227, shall be exercised by the SBMA Board of Directors. ℒαwρhi৷

Section 3

SBMA Administrator and Chairman of the SBMA Board

Section 3.

SBMA Administrator and Chairman of the SBMA Board. —The President shall appoint the Administrator of the SBMA who shall be the—ex officio—Chairman of the SBMA Board.

Section 4

Section 4. — Powers and Duties of the—SBMA Administrator. —The Administrator, who shall be the Chief Executive Officer of the SBMA. shall have the following powers, functions and duties:

a . To execute, administer and implement the policies and measures approved and adopted by the SBMA Board;

b. To directly administer and supervise the operations and day-to-day business activities of the SBMA;

c. To exercise the powers of control and supervision over decisions and actions of subordinate officers;

d . To appoint, transfer, remove, suspend or otherwise discipline any employee of the SBMA in accordance with law;

e. To represent the SBMA in all dealings with offices, agencies and instrumentalities of the Government and with all persons and entities, public or private, domestic or foreign, unless otherwise directed by the President or by the SBMA Board;

f. To sign all permits, certificates, authorizations, and other official document s issued by the SBMA in the exercise of its governmental, regulatory, proprietary, and commercial powers;

g. To execute, on behalf of the SBMA, all contracts, agreements and other instruments affecting the interests of the SBMA or where the SBMA is a contracting party, duly approved by the SBMA Board;

h. To direct and supervise the preparation of the agenda for the meetings of the SBMA Board;

i. To preside at the meetings of the SBMA Board; and

j. To perform such other functions and duties as the President may direct, or as may be assigned to him/her by the SBMA Board.

Section 5

Separability

Section 5.

Separability. —It any provision of this Order is held invalid or unconstitutional, the other provisions not otherwise affected shall remain in full force and effect.

Section 6

Effectivity

Section 6.

Effectivity. —This Order shall take effect immediately.

DONE, —in the City of Manila, this 25th day of September in the year of Our Lord, Two Thousand and Seventeen.

(SGD.)— RODRIGO ROA DUTERTE

By authority of the President:

(SGD.)— SALVADOR C. MEDIALDEA Executive Secretary