INDUSTRIAL PROMOTION DECEMBER No. 101

Decree No. 800/76

Bs. As., 15/1/79

VISTO the S.E.D.I. No. 55.744/78 and Decrees number 800 of 10 June 1976 and 2,541 of 26 August 1977; and

CONSIDERING:

That's 1st. The National Executive Branch delegated to the Minister of Economics the power to update the global investment of industrial projects approved under the industrial promotion legislation and to adjust the amount of the capital of the beneficiary companies subject to tax benefits.

That the same decree fixed the procedure to be followed to determine such updates.

That article 34 of Decree No. 2.541 of 26 August 1977 delegated the same authority to the Ministry of Economy and set a similar procedure to that established by Decree No. 800 of 10 June 1976 to update the values in question.

That article 35 of Decree No. 2.541 of 26 August 1977, by repealing the rules that are invalid against it, has not included Decree No. 800 of 10 June 1976.

That, therefore, the coexistence of two rules regulating the same legal situation can bring confusion into the promotional legislative system.

That it is necessary to avoid this circumstance by the appropriate means.

That the Directorate-General for Legal Affairs of the Secretariat of State for Industrial Development has taken the necessary action.

Therefore,

THE PRESIDENT OF THE ARGENTINA NATION

RIGHT:

Article 1 . Revise Decree No. 800 of 10 June 1976. Art. 2° . Communicate, publish, give to the National Directorate of the Official Register and archvese.

VIDELA.

José A. Martínez de Hoz.