Bataan 1st district Rep. Geraldine Roman wants to strengthen the administration and operational governance of the Subic Bay Metropolitan Authority (SBMA) by amending provisions of Republic Act (RA) No.7227.
For this purpose, Roman penned and filed House Bill (HB) No.530, or the proposed Act revitalizing the Bases Conversion Development.
The subject law, RA No.7227, is also known as the Bases Conversion Development Act of 1992.
Roman, chairperson of the House Committee on Women and Gender equality, reckoned that it is high time to incorporate provisions to professionalize the SBMA Board of Directors , as well as to ensure and strengthen the public safety and security of the free-port zone.
Her proposed measure introduces amendments to improve revenue collection, which is envisioned to increase the shares of the affected local government units (LGU). The share of the national government will likewise go up.
Reallocation formulas as to the sharing received by the province of Bataan and Pampanga from the 2 percent tax on gross income from all business enterprises within the free-port zone were introduced in her bill.
Sections designating additional seats to the board of directors of the SBMA of local government units (LGU) and from indigenous peoples residing within Subic Bay Freeport Zone were also incorporated in the measure.
Roman said amendments were taken into consideration during the 17th Congress on the basis of reaffirming the powers granted to the SBMA by RA No. 7227, as amended.