Law 425

Original Language Title: Ley 425

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law no 425

LAW OF OCTOBER 17, 2013

EVO MORALES AYMA

CONSTITUTIONAL PRESIDENT OF THE PLURINATIONAL STATE OF BOLIVIA

For the Plurinational Legislative Assembly, it has Sanctioned the following Act:

THE PLURINATIONAL LEGISLATIVE ASSEMBLY,

D E C R E T A:

Single Article.

I. Pursuant to Article 158, Paragraph I Numeral 10, of the Constitution of the State, is

approves the Contract of Loan No. 2908 /BL-BO signed between the Plurinational State of Bolivia and the Inter-American Bank Development? IDB, dated August 14, 2013, for the sum of up to $us47,000,000.-(Forty-Seven Million 00/100 American Dollars), destined for financing of the? La Ceja's Multiphase Urban Reorder Program, Phase I?.

II. The Ministry of Economy and Public Finance, through the General Treasury of the Nation, is authorized to assume repayment

of the debt for 92% equivalent to $us43,450,000.-(Forty-three Million Four-hundred Fifty Thousand 00/100 U.s. Dollars).

III. The local contribution established in the Loan Contract No. 2908 /BL-BO, will be in charge of the Autonomous Government

Municipal of El Alto, as well as the repayment of the debt by the 8% equivalent to $us.3,550,000.-(Three Million Five Hundred Fifty Thousand 00/100 U.s. Dollars).

Remit to the Executive Body for constitutional purposes.

It is given in the Session Room of the Plurinational Legislative Assembly, on the fourteenth day of October of the

year two thousand thirteen.

Fdo. Nelida Sifuentes Cueto, Betty Asunta Tejada Soruco, Andres Agustín Villca Daza, Marcelina Chavez Salazar, Marcelo Elio Chavez, Angel David Cortez Villegas.

Therefore, it is enacted so that it has and will comply with the Law of the Plurinational State of Bolivia.

City of El Alto, at the seventeenth day of October of the year two thousand thirteen.

FDO. EVO MORALES AYMA, David Choquehuanca Cespedes, Juan Ramon Quintana Taborga, Elba Viviana

Caro Hinojosa, Luis Alberto Arce Catacora, Claudia Stacy Peña Claros, Amanda Davila Torres.