Section 62Sec./Art. 62

Operation of TEZs. - The TEZ proponent shall establish a corporate entity, to be known as the TEZ operator, which shall administer the TEZ and supervise its activities. The designation of a TEZ does not vest ownership of the resources therein upon the TEZ operator. Where the TEZ operator possesses rights to land or other resources within the TEZ, the TEZ operator shall be entitled to exercise such rights as allowed by existing laws in a manner consistent with the duly - approved development plan as provided above.

Where rights to land and other resources within the TEZ are vested in a private third party, the TEZ operator shall encourage the private third party to participate in policy making, planning and program development and implementation by encouraging its registration as a tourism enterprise where appropriate, and through the judicious administration of incentives and provision of services.

Except as herein provided, the LGUs which comprise, overlap, embrace or include a TEZ in their territorial jurisdictions shall retain their basic autonomy and identity in accordance with the Local Government Code.

The government shall encourage, facilitate and provide incentives for private sector participation in the construction and operation of public utilities and infrastructure in the TEZs using any of the schemes allowed under Republic Act No. 6957, as amended, otherwise known as the Build - Operate - and - Transfer Law.

SUBCHAPTER IV - B. TOURISM INFRASTRUCTURE AND ENTERPRISE ZONE AUTHORITY