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Creation. There is hereby created a government-owned or -controlled corporation to be known as the Quezon City Development Authority (QCDA), which shall have its principal office in Quezon City.
The QCDA shall be governed by the provisions of Republic Act No. 10149, otherwise known as the "GOCC Governance Act of 2011", and be subject to the regulatory jurisdiction of the Governance Commission for GOCCs (GCG).
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