SPECIAL ECONOMIC ZONE ACT OF 1995 - Philippines Bases ...

unconstitutional, such declaration of unconstitutionality
shall not affect the validity of the other provisions
thereof.
SECTION 53. Interpretation/Construction. - The powers,
authorities and functions that are vested in the Philippine
Economic Zone Authority (PEZA) and the ECOZONES concerned
are intended to establish decentralization of governmental
functions and authority as well as an efficient and
effective working relationship between the ECOZONE, the
central government and the local government units.
SECTION 54. Repealing Clause. - All laws, acts,
presidential decrees, executive orders, proclamations
and/or administrative regulations which are inconsistent
with the provisions of this Act, are hereby amended,
modified, superseded or repealed accordingly.
SECTION 55. Implementing Rules and Regulations. - The
Department of Trade and Industry, the National Economic and
Development Authority, the Department of Finance, the
Bureau of Customs, the Department of Agrarian Reform, the
Department of the Interior and Local Government, the
Philippine Economic Zone Authority, and the representatives
from the technical staff of the Committee on Economic
Affairs of both Houses of Congress shall formulate the
implementing rules and regulations of this Act within
ninety (90) days after its approval. Such rules and
regulations shall take effect fifteen (15) days after their
publication in a newspaper of general circulation in the
Philippines.
SECTION 56. Transitory Provisions. - Prior to the
effectivity of the implementing rules and regulations of
this Act, the provisions of Presidential Decree No. 66, as
amended, and its implementing rules and regulations shall
remain in force.
SECTION 57. Effectivity. - This Act shall take effect upon
its approval.
This Act which is a consolidation of House Bill No. 14295
and Senate bill No. 1061 was finally passed by the House of
Representatives and the Senate on February 21, 1995.