Public Signs Economic Consolidation Bonds - Full Standard Text

Original Language Title: TITULOS PUBLICOS BONOS DE CONSOLIDACION ECONOMICA - Texto completo de la norma

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now for only USD$40 per month.
image inicio sitio infoleg MInisterio de Justicia y Derechos Humanos

DECRETO 2798/90 Have a new issue of titles called Economic Consolidation Bonuses of the same characteristics and conditions as set out in Decree No.592/90.

Bs. As., 31/12/90

VISTO Article 18 of Law No.23.548, and


That the Special Account 530 - REGIONAL DEVELOPMENT FUND - INTERIOR's MINISTERium deals with the payment of the debts generated by the works of the said fund that are authorized, in the process of tendering, contracted, or in execution as at 31 December 1987, by express provision of article 18 of the Federal Tax Equalization Act No. 23.548, assuming the NATIONAL STATE with such legal obligation until the final

That, given the degree of progress of the works, it is necessary to correct the financial situation by issuing a public title in order to complete the same, which will allow provincial States to have the necessary infrastructure to promote economic development and thus create the appropriate living conditions for the evolution of vast sectors of the community.

To that end, it is considered appropriate to have a new issue of titles called ECONOMIC CONSOLIDATION BODIES of the same characteristics and conditions as set out in Decree No. 592 dated 29 March 1990.

That the NATIONAL EXECUTIVE POWER is authorized to issue public debt values in accordance with articles 33 of Act No. 11.11.672 (as amended by article 34 of Act No. 16.432 and Act No. 16.911) and No. 13 of Act No. 23.763, in force in accordance with article 13 of the Public Accounting Act (Decree-54).




Article 1 Artículo The BANCO CENTRAL OF THE ARGENTINA REPUBLIC as a financial agent of the NATIONAL GOVERNMENT will proceed to issue, at the request of the HACIENDA SUBSECRETARY, a new series of titles in australes to the bearer called BONOS DE CONSOLIDACIÓN ECONOMICA for up to five hundred and fifty thousand million australes nominal value (v.

Art. 2o -- Contact, post, give to the National Directorate of the Official Register and archvese. MENEM . Antonio E. González.