BY THE PRESIDENT OF THE PHILIPPINES
EXECUTIVE ORDER NO. 329
TRANSFERING THE PUBLIC ESTATES AUTHORITY (PEA) FROM THE DEPARTMENT OF PUBLIC WORKS AND HIGHWAYS TO THE DEPARTMENT OF FINANCE
WHEREAS, the Public Estates Authority is the government agency primarily responsible for integrating, directing and coordinating all reclamation projects for and in behalf of teh National Government;
WHEREAS, Book IV, Chapter 1, Section 5 of teh Administrative Code of teh 1987 empowers the President to " indicate to which department a government corporation may be attached;"
NOW, THEREFORE, I GLORIA MACAPAGAL ARROYO, President of the Republic of the Philippines, by virtue of the powers vested in me by law, do hereby order:
SECTION 1. There Public Estates Authority is hereby transfered from the Department of Public Works and Highways and attached to the Department of Finance.
SECTION 2. All orders, issuances, rules and regulations or parts thereof inconsistent with this Executive Order are hereby repealed or modified accordingly.
SECTION 3.. This Executive Order shall take effect immediately.
DONE in the City of Manila, this 19th day of July in the year of Our Lord, Two Thousand and Four.
(SGD.) GLORIA M. ARROYO
By the President:
(SGD.)ALBERTO G. ROMULO