Increase Of The Resources Of Capital And Amendments To The Convention Establishing. Approval.

Original Language Title: Aumento de los Recursos de Capital y modificaciones al Convenio Constitutivo. Aprobación.

Read the untranslated law here: https://www.boletinoficial.gob.ar/#!DetalleNorma/10553238/20160703

Fund financial for the development of the basin DELPLATA Fund financial for the development of the basin silver Law 26.986 increase of the resources of Capital and amendments to the articles of agreement. Approval. Sanctioned: September 17 of 2014 enacted in fact: October 3 of 2014 the Senate and Chamber of deputies of the nation Argentina gathered in Congress, etc. they attest to the force of law: article 1 ° - approve the increase of the resources of Capital of the financial Fund for the development of the Cuenca del Plata (FONPLATA), in accordance with the ' resolution A.G. 138/2013 ' of the Board of Governors of the mentioned Fund, which copy authenticated form an integral part of the present law as annex I.
Article 2 ° - approving amendments to the articles of agreement of the Fund financing for the development of the Plata Basin, contained in the ' resolution A.G. N ° 137/2013 ', whose certified copy is an integral part of the present law as annex II. Under such reforms amending articles 15, 17, 19, 20, 29, 30, 31 and 37 of the Convention.
Article 3 ° - approval of the contribution referred to in article 1 of this law, pursuant to article 3 of the ' resolution A.G. N ° 138/2013 ', which will be represented by a total of three hundred eighty-three million three hundred forty and six thousand five hundred US dollars (U$ S 383.346.500), of which hundred sixteen million six hundred sixty-six thousand five hundred US dollars (U$ S 116.666.500) correspond to the integrated capital payable in cash; and two hundred sixty-six million six hundred eighty thousand dollars (U$ S 266.680.000) correspond to the callable capital. Them amounts of them contributions to is concerns the article 1 ° that must perform the Republic Argentina during the period 2014-2018 will be made in fees annual e equal, distributed of the following form: dollars U.S. twenty-three million three hundred thirty and three thousand three hundred (U$ S 23.333.300) of capital integrated payable in effective; and fifty-three million three hundred thirty and six thousand US dollars (U$ S 53.336.000) of callable capital; According to the established in the article 3 ° of the ' resolution A.G. N ° 138 / 2013'.
Article 4 °-approve is that, according to it regulated by the article 4 ° of it ' resolution A.G. N ° 138 / 2013', the Republic Argentina may opt by perform in its currency national them contributions of capital integrated payable in cash until a maximum of the ten percent (10%) of the capital to be subscribed. The contributions made in a national currency, shall be subject to agreements with FONPLATA for maintenance of value of that currency with respect to its equivalent in US dollars, to the type https://www.boletinoficial.gob.ar/pdf/linkQR/NEo0T0FUN2p3SFpycmZ0RFhoUThyQT09 of official change to the time such contribution becomes effective.
Article 5 °-authorize is to the Bank Central of the Republic Argentina to carry out, in name and by has of the Republic Argentina them contributions established by the present law.
Article 6 ° - in order to cope with the emerging commitments of this law, the Central Bank of the Republic Argentina must have the corresponding contributions of consideration to be provided by the Treasury's Secretary of economy and finance, after inclusion of this delivery in the General budget of the National Administration Act for the relevant exercises.
Article 7 ° - contact the national executive power.
GIVEN IN THE CHAMBER OF THE CONGRESO ARGENTINO IN BUENOS AIRES, THE SEVENTEENTH DAY OF SEPTEMBER IN THE YEAR TWO THOUSAND FOURTEEN.
-REGISTERED UNDER NO. 26.986 - AMADO BOUDOU. -JULIAN A. DOMINGUEZ. -John H. Estrada. -Lucas Chedrese.
Note: The / annex/s that integrates / n this (a) law are published in the web edition of the BORA - www.boletinoficial.gov.ar - and may also be consulted at the Head Office of this National Directorate (Suipacha 767 - Ciudad Autónoma de Buenos Aires).

Date of publication: 07/10/2014 https://www.boletinoficial.gob.ar/pdf/linkQR/NEo0T0FUN2p3SFpycmZ0RFhoUThyQT09