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EXECUTIVE ORDER NO 516 March 24, 2006

RETURNING THE BASES CONVERSION DEVELOPMENT AUTHORITY TO THE OFFICE OF THE PRESIDENT


WHEREAS, Executive Order No. 504 (s. 2006) Section 5 mandated the Secretary of Trade and Industry to exercise policy oversight over the Bases Conversion and Development Authority (BCDA),


NOW, THEREFORE, I GLORIA MACAPAGAL-ARROYO, President of the Republic of the Philippines, by virtue of the powers vested in me by law and the Constitution, do hereby order:


The BCDA is hereby reverted to the Office of the President. Section 5 of Executive Order No. 504 is hereby repealed.

City of Manila, 24 March 2006


(Sgd.) GLORIA MACAPAGAL-ARROYO


By the President:


(Sgd.) EDUARDO R. ERMITA

Executive Secretary


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