REVERTING THE ADMINISTRATION AND MANAGEMENT OVER THE MILE-LONG PROPERTY TO THE PRIVATIZATION AND MANAGEMENT OFFICE

WHEREAS, Executive Order (EO) N0. 323 (s. 2000) empowers the Privatization and Management Office (PMO) to take title to, possess, and conserve assets transferred to it, and to dispose the same under such terms and conditions that best serve the interests of the National Government, subject to the approval of the Privatization Council (PrC);

WHEREAS, the Mile-Long Property is a 22,924-square meter land in Makati Central Business District covered by the Transfer Certificate of Title No. (458365) S-77242 registered under the name of the National Government;

WHEREAS, pursuant to Administrative Order (AO) No. 21 (s. 2020), the PMO transferred to the Bases Conversion and Development Authority (BCDA) the administration, management, and redevelopment over the Mile-Long Property through a Memorandum of Agreement;

WHEREAS, as part of the government’s efforts to optimize the utilization of public assets, enhance fiscal space, and support priority development programs, the Department of Finance (DOF) recommends, among others, the disposition of the Mile-Long Property by reverting the administration and management over the property from the BCDA to the PMO; and

WHEREAS, Section 17, Article VII of the Constitution vests in the President the power of control over all the Executive departments, bureaus, and offices, and the mandate to ensure the faithful execution of laws;

NOW, THEREFORE, I, FERDINAND R. MARCOS, JR., President of the  Philippines, by the virtue of the powers vested in me by the Constitutions and existing laws, do hereby order:

Section 1. Reverting the Administration and Management over the Mile-Long Property. The administration and management over the Mile-Long Property previously transferred to the BCDA pursuant to AO No. 21 (s. 2020) are hereby reverted to the PMO.

For this purpose, the PMO and BCDA are hereby authorized and directed to undertake all necessary measures in facilitating the prompt turnover of possession and control of the Mile-Long Property, as well as all relevant documents and other records, subject to existing laws, rules, and regulations.

Section 2. Disposition. Upon reversion, the PMO is directed to undertake the expeditious disposition of the Mile-Long Property, including the preparation and implementation of a privatization plan, in accordance with EO No. 323 (s.2000) and other applicable laws, rules, and regulations. The disposition shall be conducted in a transparent and competitive manner and in a way that ensures optimal value for the National Government

Section 3. PrC Approval. Consistent with the provisions of EO No. 323 (s. 2000), the PMO shall seek the approval of the PrC in undertaking the disposition of the Mile-Long Property.

Section 4. Use of Proceeds. The Department of Budget and Management is hereby directed to study, propose, and/or take such measures as may be appropriate so that the proceeds from the disposition of the Mile-Long Property shall be used to fund the priority programs of the government, subject to the budgetary process and applicable laws, rules, and regulations.

Section 5. Separability. If any part or provision of this Order is declared unconstitutional or invalid, the other provisions not affected thereby shall continue to be in full force and effect.

Section 6. Repeal. AO No. 21 (s. 2000) is hereby repealed. All orders, rules, and regulations, and other issuances or parts thereof which are inconsistent with the provisions of this Order, are hereby repealed or modified accordingly.

Section 7. Effectivity. This Order shall take effect immediately upon its publication in the Official Gazette or a newspaper of general circulation.

DONE in the City of Manila, this 30th day of September, in the year of Our Lord, Two Thousand and Twenty-Six.

(SGD.) FERDINAND R. MARCOS, JR.

By the President:

(SGD.) RALPH G. RECTO
Acting Executive Secretary