Section 12Sec./Art. 12

Functions and Powers of PEZA Board. - The Philippine Economic Zone Authority (PEZA) Board shall have the following functions and powers:

a. Set the general policies on the establishment and operations of the ECOZONES, industrial estates, export processing zones, free trade zones, and the like;

b. Review proposals for the establishment of ECOZONES based on the set criteria under Section 6 and endorse to the President the establishment of the ECOZONES, industrial estates, export processing zones, free trade zones and the like. Thereafter, it shall facilitate and assist in the organization of said entities;

c. Regulate and undertake the establishment, operation and maintenance of utilities, other services and infrastructure in the ECOZONE, such as heat, light and power, water supply, telecommunications, transport, toll roads and bridges, port services, etc., and to fix just, reasonable and competitive rates, fares, charges and fees therefor;

d. Approve the annual budget of the PEZA and the ECOZONE development plans;

e. Issue rules and regulations to implement the provisions of this Act insofar as its powers and functions are concerned;

f. Exercise its powers and functions as provided for in this Act; and

g. Render annual reports to the President and the Congress.