Purposes.
Section 5
SEC. 5. Purposes.—The Authority shall have the following purposes: To make a comprehensive survey of the physical and natural resources and potentialities of the region, including its social conditions, values and institutions, and special provincial problems and, on the basis thereof, to draft comprehensive and detailed plan designated to promote the province's rapid social and economic development along the general lines set forth by the National Economic Council: Provided, That the said plan shall first be referred to President who shall act upon it within a period of three months from he date of submission. To provide the machinery for extending the necessary planning, management and technical assistance to prospective and existing investors in the area. To make recommendations to the proper agencies on the peso or dollar financing, technical support, physical assistance, and, generally, the level of priority to be accorded industrial and agricultural projects soliciting or requiring direct help from or through the government or any of its instrumentalities. To coordinate and/or integrate such projects or operations of local governments, governmental agencies, public corporations and, where clearly necessary and feasible, those of private entities, as may bear directly upon the plans and activities of the Authority so as to make possible the accelerated and balanced development of the province within the context of the guidelines formulated by the National Economic Council; for this purpose, to set up a compact and well-trained staff for effective liaison and consultation or joint planning and/or implementation with such government and private entites: Provided, That disputes involving jurisdiction between the Authority and any department, bureau, office, agency or instrumentality of the government within the area covered by this Act, and those arising in the coordination or integration of government plans, projects, or operations in the area shall be settled by decision of the President of the Philippines. To engage in industry, agriculture, or other enterprises within Mountain Province which may be necessary or directly contributory to the socio-economic development of the province and, for this purpose, whether by itself in cooperation with private persons or entities, to organize, finance, invest in, and operate subsidiary corporations when such an arrangement is clearly necessary to implement the powers granted to it by this Act: Provided, That the Authority shall engage only in such activities as are in the nature of pioneering ventures or are demonstrably beyond the scope, capacity, or interest of purely private enterprises due to considerations of geography, technical or capital requirements, returns on investment and risk. To advise and cooperate in the readjustment, relocation, or resettlement of population in any part of the country that may be displaced or affected by the socio-economic measures of the government in cooperation with the national, provincial, city and municipal agencies organized towards that end. To make a report annually to the National Economic Council and the Congress through the President, based upon its continuing assessment and evaluation, in the light of the Authority's approved plans and objectives, of the progress of its activities including those done in collaboration with the various government and private entities engaged in the implementation of the socio-economic plans and projects in the region, including in such report, among other items, a general survey of the social and economic conditions of the province, socio-economic problems having special reference to the work of the Authority, a comparison of the development targets set for the year ending and the manner in which actual accomplishments measure up to such targets, and appropriate administrative and legislative recommendations.