Announcing the Approval and Effectivity of the Fourth Investments Priorities Plan Under the Investment Incentives Act and the Second Export Priorities Plan Under the Export Incentives Act
Proclamation No. 842-A, issued on April 25, 1971, announces the approval and effectivity of the Fourth Investment Priorities Plan and the Second Export Priorities Plan in the Philippines. These plans, prepared by the Board of Investments and endorsed by the National Economic Council, aim to enhance investment and export activities in line with the Investment Incentives Act (Republic Act No. 5186) and the Export Incentives Act (Republic Act No. 6135). The plans are set to take effect on May 3, 1971, with the Board of Investments beginning to accept applications on that date. Additionally, capacities from projects approved under the previous plan will be deducted from the new plan's measured capacities.
Quick Answers
- What is Announcing the Approval and Effectivity of the Fourth Investments Priorities Plan Under the Investment Incentives Act and the Second Export Priorities Plan Under the Export Incentives Act about?
- Proclamation No. 842-A, issued on April 25, 1971, announces the approval and effectivity of the Fourth Investment Priorities Plan and the Second Export Priorities Plan in the Philippines. These plans, prepared by the Board of Investments and endorsed by the National Economic Council, aim to enhance investment and export activities in line with the Investment Incentives Act (Republic Act No. 5186) and the Export Incentives Act (Republic Act No. 6135). The plans are set to take effect on May 3, 1971, with the Board of Investments beginning to accept applications on that date. Additionally, capacities from projects approved under the previous plan will be deducted from the new plan's measured capacities.
- What type of law is Proclamation No. 842-A?
- Announcing the Approval and Effectivity of the Fourth Investments Priorities Plan Under the Investment Incentives Act and the Second Export Priorities Plan Under the Export Incentives Act (Proclamation No. 842-A) is a Philippine Presidential Issuances enacted by the Congress of the Philippines.
- When was Announcing the Approval and Effectivity of the Fourth Investments Priorities Plan Under the Investment Incentives Act and the Second Export Priorities Plan Under the Export Incentives Act enacted?
- Announcing the Approval and Effectivity of the Fourth Investments Priorities Plan Under the Investment Incentives Act and the Second Export Priorities Plan Under the Export Incentives Act (Proclamation No. 842-A) was enacted on Apr 25, 1971.
- What is the citation for Announcing the Approval and Effectivity of the Fourth Investments Priorities Plan Under the Investment Incentives Act and the Second Export Priorities Plan Under the Export Incentives Act?
- Announcing the Approval and Effectivity of the Fourth Investments Priorities Plan Under the Investment Incentives Act and the Second Export Priorities Plan Under the Export Incentives Act, Proclamation No. 842-A, Apr 25, 1971 (Philippines)
Law Information
- Reference Number
- Proclamation No. 842-A
- Date Enacted
- Category
- Presidential Issuances
- Subcategory
- Presidential Proclamations
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
April 25, 1971
PROCLAMATION NO. 842-A
ANNOUNCING THE APPROVAL AND EFFECTIVITY OF THE FOURTH INVESTMENTS PRIORITIES PLAN UNDER THE INVESTMENT INCENTIVES ACT AND THE SECOND EXPORT PRIORITIES PLAN UNDER THE EXPORT INCENTIVES ACT
WHEREAS, pursuant to the provisions of Republic Act No. 5186, otherwise known as the Investment Incentives Act, and Republic Act No. 6135 otherwise known as the Export Incentives Act, the Board of Investments has prepared the Fourth Investment Priorities Plan and the Second Export Priorities Plan and the same have been submitted to me for approval through, and with the favorable recommendation of the National Economic Council; and LLphil
WHEREAS, after a careful study of the Plans and their supporting data, I have found the Plans to be feasible and in conformity with law and accordingly approved them;
NOW THEREFORE, pursuant to Section 18 of Republic Act No. 5186 and Section 4 of Republic Act No. 6135, I FERDINAND E. MARCOS, President of the Republic of the Philippines, do hereby declare and proclaim in effect the Fourth Investment Priorities Plan and the Second Export Priorities Plan, here to attached, beginning May 3, 1971.
It shall be understood that the measured capacities for projects approved under the Third Investment Priorities Plan during the interim period between the submission of the proposed Fourth Investment Priorities Plan and the date of its effectivity hereof shall be subtracted from the measured capacities as indicated in the approved Fourth Investment Priorities Plan.
It is hereby further announced that the Board of Investments shall start accepting applications under the Fourth Investment Priorities Plan and the Second Export Priorities Plan on May 3, 1971. LLphil
IN WITNESS WHEREOF, I have hereunto set my hand and caused the seal of the Republic of the Philippines to be affixed.
Done in the City of Manila, this 25th day of April, in the year of Our Lord, nineteen hundred and seventy-one.
Cite This Law
Announcing the Approval and Effectivity of the Fourth Investments Priorities Plan Under the Investment Incentives Act and the Second Export Priorities Plan Under the Export Incentives Act, Proclamation No. 842-A, Apr 25, 1971 (Philippines)
Announcing the Approval and Effectivity of the Fourth Investments Priorities Plan Under the Investment Incentives Act and the Second Export Priorities Plan Under the Export Incentives Act, Proclamation No. 842-A (Phil. 1971)
Related Laws
- Approval of the Addenda to Sixth Investment Priorities Plan and Fourth Export Priorities PlanLetter of Instructions No. 154 • Dec 26, 1973 • Presidential Issuances
- Approval and Effectivity of the Sixth Investment Priorities Plan and Fourth Export Priorities PlanLetter of Instructions No. 66 • Mar 22, 1973 • Presidential Issuances
- Approval and Effectivity of the Addenda to the Fifth Investment Priorities Plan and the Third Export Priorities PlanLetter of Instructions No. 64 • Mar 13, 1973 • Presidential Issuances
- Amendments to R.A. No. 5186 (Investment Incentives Act) and R.A. No. 6135 (Export Incentives Act)Presidential Decree No. 485 • Jun 19, 1974 • Presidential Issuances
- Approval of the 2004 Investment Priorities PlanMemorandum Order No. 136 • Feb 18, 2004 • Presidential Issuances
- Approval of the NEDA-Recommended Projects Under the Priorities PlanLetter of Instructions No. 877 • Jun 18, 1979 • Presidential Issuances
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