INSTITUTE OF BANCARY SOCIAL SERVICES

Decree 263/96

Delete the contribution made by article 17 (f) of Act No. 19 322.

Bs. As 20/3/96

VISTO Law No. 24 629 and Decree No. 492 of 22 September 1995 and 240 of 8 March 1996 and

CONSIDERING

That article 11 of Decree No. 492 of 22 September 1995 provided for the disbanding and declaring a state of liquidation to the INSTITUTE OF BANCARY SOCIAL SERVICES and the expiry of the contribution provided for in article 17 (f) of Law No. 19,322 when the financing of the liquidation process of this agency is completed.

That this power exercised by the NATIONAL EXECUTIVE PODER on the basis of the powers delegated by article 61 of Law No. 23 696 has been judicially challenged and the cases are pending a final resolution

That Law No. 24 629 has dissipated any given that it might exist on the decision taken, since it expressly and generically conferred on the NATIONAL EXECUTIVE POWER the power to have the total elimination of bodies created by law until 31 December 1996.

That the conditionality established in article 8 of Act No. 24,629 does not apply to the case, since the essential functions of the State are not compromised.

On the basis of this rule, Decree No. 240 of 8 March 1996 was issued to transform the INSTITUTE of BANCARY SOCIAL SERVICES created by Law No. 19 322 into a Social Work which shall be governed by the regime established in Article 1 (a) or (h) of Law No. 23 660.

That by having the NATIONAL EXECUTIVE PODER the deletion of this Institute and its transformation of a Social Work governed by the same mentioned above, on the basis of a faculty expressly delegated by law, any doubt was also dispelled as to the origin of the deletion of the contribution provided for in article 17 (f) of Law No. 19 322, since when the body was deleted, it lacks cause to maintain specific financing for it or other agencies.

On the basis of what is stated in one of the considerations of the Decree No. 240 of 8 March 1996 noted the need to establish an efficient economic order to avoid any tax burdens that fall in a distortive way over the finished sectors of production, as is the financing of some Social Services Institutes.

That in fulfillment of this task it is appropriate to specify the period during which the ex-INSTITUTE OF BANCARY SOCIAL SERVICES will continue to receive funding from the contribution created by Article 17 (f) of Law No. 19 322.

That the present is given in the use of the powers conferred by article 99 (l) of the National Constitution, and article 8, paragraph 3, of Act No. 24,629.

That's why

THE PRESIDENT OF THE ARGENTINA NATION

RIGHT:

Article 1.-Delete from 1 July 1996 the contribution made by article 17 (f) of Act No. 19 322.

Art 2.-Article 11 of Decree No. 492 of 22 September 1995.

Art 3°-Contact the National Directorate of the Official Register and archívese MENEM -Eduardo Banzá - Domingo F Cavallo -Alberto J Mazza - José A. Caro Figueroa.