Definition of Terms.
Section 38
SEC. 38. Definition of Terms. — Whenever used or cited in this Decree: Authority — shall mean the Philippine Tourism Authority; President — shall mean the President of the Philippines and upon the transition from the presidential to the parliamentary system of government, shall mean the Prime Minister; Registered Tourism Enterprise — shall mean a person, corporation, partnership or other entity organized and existing under the Philippine Constitution registered with the Authority in accordance with and as defined by Presidential Decree No. 535, and engaged in or proposing to engage in rendering services to foreign tourists and travelers covered by the Tourism Priorities Plan and subject to the guidelines prepared by the Department of Tourism; Tourist Zone — shall mean a geographic area with well-defined boundaries proclaimed as such by the President, upon the recommendation of the Authority, and placed under the administration and control of the Authority; Wholly-Owned Subsidiary Corporation — shall mean a corporation that is organized or a corporation already in existence wherein one hundred per cent (100%) of its shares of stock are owned or controlled by the organizing or subscribing Authority, in this case, the Philippine Tourism Authority, to carry out or accomplish its purpose.