Executive Order No. 772 Amending Presidential Decree No. 977 Creating the Philippine Fish Marketing Authority, Defining Its Functions and Powers, and for Other Purposes.

This Executive Order No. 772 amends Presidential Decree No. 977 Creating the Philippine Fish Marketing Authority, Defining Its Functions and Powers, and for Other Purposes. The Functions and powers of the Philippine Fish Marketing Authority are amended, which mainly include: a) Manage, operate, and develop the Navotas Fishing Port Complex and such other fishing port complexes that may be established by the Authority under this Decree; b) Identify and determine the sites for the establishment of fishing port complexes and prepare, adopt and implement comprehensive plans for their overall development; c) Supervise the enterprises which the Authority may authorize to be established within the fishing port complexes under its jurisdiction; d) Acquire, maintain, operate, purchase, lease or dispose of equipment; e) Assess and collect reasonable fees, tolls, charges, rentals, for the use, lease or sale of property, equipment, facilities and services in order to raise revenues for the Authority; f) Formulate and implement rules and regulations on the conduct of business activities inside the fishing port complexes; g) Contract indebtedness and issue bonds; etc.