Section 10Sec./Art. 10

Powers and Duties of the Board. The Board shall have the following powers and duties:

(a) Formulate policies, develop programs and promulgate rules and regulations to carry out the powers and functions of the QCDA;

(b) Act upon the annual budget and such supplemental budgets of the QCDA submitted by the General Manager: Provided, That the Board may reduce but may not increase any item proposed by the General Manager;

(c) Approve the organizational structure of the QCDA as well as its staffing pattern, the salaries of the personnel and their powers and duties as submitted by the General Manager: Provided, That the QCDA shall be covered by Republic Act No. 6758, as amended by Joint Resolution Nos. 1, series of 1994, and 4, series of 2009, the Compensation and Position Classification System for GOCCs under Republic Act No. 10149, as approved by the President of the Philippines: Provided, further, That prior approval from the GCG shall be obtained therefor;

(d) Formulate and enforce general and specific policies for housing development, resettlement and urban renewal and other policies that the QCDA may require for the effective discharge of its duties which are not contrary to existing laws;

(e) Order, authorize, direct and coordinate with offices and task forces of the Quezon City government in areas important to the implementation of its projects;

(f) Enter into contracts or agreements as may be necessary for the attainment of the objectives of this Act with parties other than members of the Board, Quezon City officials and employees and their relatives up to the fourth civil degree of consanguinity or affinity, or any judicial entity where such persons mentioned have pending cases or interest;

(g) Acquire by purchase privately owned lands for purposes of urban renewal, housing development, resettlement and related services and facilities: Provided, That the acquisition is with consent of the City Council through a resolution;

(h) Design, formulate, negotiate, and implement financial or investment schemes;

(i) Enable private sector assistance and participation in the achievement of the goals of the QCDA and in carrying out its operations;

(j) Render annual reports and special reports, as may be requested, in relation to Section 20 of this Act; and

(k) Enter into and execute memoranda of agreements, joint ventures, long-term leases and management contracts with private sector entities, to include real estate developers or construction companies with dependable repute and proven track record in developing and managing real estate ventures.