Bill creating Bulacan economic zone lapses into law

THE bill seeking the creation of the Bulacan Special Economic Zone and Freeport Authority has lapsed into law on June 13, 2024, the Malacañang said Friday, June 28.The bill will be known as Republic Act 11999 , or the “Bulacan Special Economic Zone and Freeport Act.

The Beza is mandated to consult the National Economic and Development Authority in the establishment of the general framework for land use, planning and development for the area covered by BuZ, consistent with the Philippine Development Plan of the government.It shall have an authorized capital stock of P2 billion in which the majority shares shall be subscribed and paid for by the National Government and the local government units embracing the ecozone.

Source: Law Daily Report (lawdailyreport.net)

Republic Act 11999 Bulacan Ecozone Bulacan Economic Zones

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