Modifies The Articles 50 And 51, And The Eighth Additional Provision Of Law No. 466, Public Enterprise, Date Of December 26, 2013.

Original Language Title: Modifica los Artículos 50 y 51, y la Disposición Adicional Octava de la Ley N° 466, de la Empresa Pública, de fecha 26 de diciembre de 2013.

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law no 519

2014 APRIL 14 LAW

ALVARO GARCIA LINERA

PRESIDENT-IN-OFFICE OF THE PLURINATIONAL STATE OF BOLIVIA

For the Plurinational Legislative Assembly, it has The following Act

THE PLURINATIONAL LEGISLATIVE ASSEMBLY,

D E C R E T A:

Article 1. (OBJECT). This Law is designed to amend Articles 50 and 51 and the Additional Disposition

Eighth of Law No. 466 of the Public Enterprise dated December 26, 2013.

Article 2. (MODIFY).

I. Paragraph 50 (a) of Article 50 of Law No 466 of the Public Enterprise, dated 26 of

December 2013, is amended as follows:

?a) Credit for private or public banking, securities securities credit and any other source of internal financing

?.

II. Paragraph IV of Article 50 of Law No 466 of December 26, 2013, of the Public Enterprise, is amended with

the following text:

? IV. The issuance of credit securities and the acquisition of internal credit by public companies will not

require express authorization, with sufficient prior authorization issued by COSEEP. The resources obtained through credits should be used exclusively to finance investment projects of public enterprises.

Public companies will have to use, as a matter of priority, exchange agencies linked to entities. public banking ?.

III. Paragraph V is incorporated into Article 50 of Law No. 466 of the Public Enterprise dated December 26, 2013, with the following text:

? V. The external financing of public enterprises should be observed in the number 10 of the

Paragraph 158 of Article 158, and Article 322 of the Constitution of the State?

IV. Article 51 of Law No. 466 of the Public Enterprise, dated December 26, 2013, amends Article 51 of Law No. 466,

following text:

? I. The Ministry of Development Planning, through the Vice-Ministry of Public Investment and

External Financing, once issued the authorization of COSEEP will manage financing for public enterprises, except as related to the issuance of securities credit securities in foreign capital markets, the management of which will be carried out through the Ministry of Economy and Public Finance?.

V. The IV and V Paragrafs are incorporated into the Additional Eighth Provision of Law No. 466, of Public Enterprise, of

dated December 26, 2013, with the following text:

? IV. Except for the Development Service of Productive Public Enterprises-SEDEM, of the application of

Articles 33 and 35 of Law No 2042 of 21 December 1999.

V. In order to protect the financial sustainability of the SEDEM, the National System Rector Authority

of Treasury and Public Credit, will approve the guidelines that are necessary for mandatory compliance for the institutions

Remitase to the Executive Body for constitutional purposes.

It is given in the Session Room of the Plurinational Legislative Assembly, eight days of the month of April of the year

two thousand fourteen.

Fdo. Eugenio Rojas Aapza, Marcelo William Elio Chavez, Efrain Condori Lopez, Roxana Camargo Fernandez,

Nelson Virreira Meneces, Angel David Cortes Villegas.

Therefore, it is enacted to have and comply with the Law of the State Plurinational of Bolivia.

Palace of Government of the city of La Paz, 14 days of the month of April of the year two thousand fourteen.

FDO. ALVARO GARCIA LINERA, Juan Ramon Quintana Taborga, Elba Viviana Caro Hinojosa, Luis Alberto Arce Catacora, Ana Teresa Morales Olivera, Amanda Davila Torres.