Purposes.
Section 5
SEC. 5. Purposes.—The Authority shall have the following purposes: a) To make a comprehensive survey of the physical and natural resources and potentialities of the province, including its social conditions, values and institutions, and special problems and, on the basis thereof, to draft comprehensive and detailed plan designed 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 the President who shall act upon it within a period of three months from the date of submission. b) To provide the machinery for extending the necessary planning, management and technical assistance to prospective and existing investors in the province. c) 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. d) To coordinate and integrate such projects of operations of local governments, governmental agencies, public corporations and, where clearly necessary and feasible, those of private entities, as 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 implementation with such government and private entities; 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 province shall be settled by decision of the President of the Philippines. e) To engage in industry, agriculture, or other enterprises within the province which may be necessary or directly contributory to the socio-economic development of the province and, for this purpose, whether by itself or in cooperation with private persons or entities, to organize, finance, invest in, and operate subsidiary corporations when such an arrangement is absolutely necessary to implement the powers granted to it by this Act: Provided, That the Authority shall engage only in those activities as are in the nature of pioneering ventures or are demonstrably beyond the scope, capacity, or interest of purely private enterprise due to considerations of geography, technical or capital requirements, returns on investment, and risk. f) 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 socio-economic plans and projects in the province, 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 act for the year ending and the manner in which actual accomplishment measures up to such targets, and appropriate administrative and legislative recommendations.