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.

Read the untranslated law here: http://www.gacetaoficialdebolivia.gob.bo/index.php/normas/verGratis_gob2/152175

Law No. 519 law of 14 April 2014 ALVARO GARCIA LINERA President in exercise of the PLURINATIONAL State of BOLIVIA, by how much, the plurinational Legislative Assembly, has sanctioned the following law the Assembly Legislative PLURINACIONAL, D E C R E T A: article 1. (OBJECT). This law aims to modify the articles 50 and 51, and the eighth additional provision of law No. 466, public enterprise, date of December 26, 2013.
Article 2. (MODIFICATION).
((I. Se modifica el inciso a) of paragraph I of article 50 of the law N ° 466, public enterprise, date of December 26, 2013, with the following text:? to) public or private banking credit, titles credit securities and any other type of internal funding?.
II. amending the fourth paragraph of article 50 of the law N ° 466 December 26, 2013, public company, with the following text:? IV. The issue of securities credit securities and internal loans by public enterprises obtain authorisation not required Express, it's enough to rule the prior authorization issued by the COSEEP. The resources obtained through credits must only be inserted to finance investment projects of public enterprises.
Public enterprises should primarily use Exchange agencies linked to public banks?.

III. joins the fifth paragraph in article 50 of the law N ° 466, public enterprise, date of December 26, 2013, with the following text:? V. Do external financing of public companies should be observed as provided in number 10 of paragraph I of article 158, and the article 322 of the political Constitution of the State?.
IV. amending the first paragraph of article 51 of the law N ° 466, public enterprise, date of December 26, 2013, with the following text:? Will i. the Ministry of development planning, through the Vice-Ministry of public investment and external financing, once issued the authorization of the COSEEP manage funding for public enterprises, except related to the issue of securities credit securities on capital markets external, whose management will be carried out by the Ministry of economy and public finances?.
V. Is incorporate them paragraphs IV and V in the available additional eighth of the law N ° 466, of the company public, of date 26 of December of 2013, with the following text:? IV. Except at the service of development of the companies public productive - SEDEM, of the application of articles 33 and 35 of the law No. 2042 of 21 December 1999.
V. With the purpose of ensuring the financial sustainability of the SEDEM, the governing body of the national system of Treasury and public credit, shall adopt guidelines that required mandatory for instances that are involved?.
Refer to the Executive Body for constitutional purposes.
Two thousand fourteen is given in the room of sessions the Assembly Legislative multinational, eight days of the month of April of the year.
FDO. Eugenio Rojas Apaza, Marcelo William Elio Chavez, Efrain Condori Lopez, Roxana Camargo Fernández, Nelson Virreira Meneces, Angel David Cortés Villegas.
I therefore enacted it is and meets as a law of the plurinational State of Bolivia.
Government Palace of La Paz city, fourteen days after the month of April of the year two thousand fourteen.

FDO. ÁLVARO GARCÍA LINERA, Juan Ramón Quintana Taborga, Elba Viviana Caro Hinojosa, Ana Teresa Morales Olivera, Luis Alberto Arce Catacora, Amanda Davila Torres.