law no 420
LAW OF OCTOBER 1, 2013
EVO MORALES AYMA
CONSTITUTIONAL PRESIDENT OF THE PLURINATIONAL STATE DEBOLIVIA
For the Plurinational Legislative Assembly, it has The following Act:
THE PLURINATIONAL LEGISLATIVE ASSEMBLY,
D E C R E T A:
Article 1. (CONTRACT AUTHORIZATION FOR PETROLEUM SERVICES). In accordance with the
established by Article 362, Paragraph II of the Constitution of the State, Yacimientos Petrolíferos Fiscales Bolivianos-YPFB is authorized to subscribe to the Contract of petroleum services for the exploration and exploitation of reserved areas in favor of YPFB, corresponding to the Huacareta Area, located in the departments of Chuquisaca and Tarija, with the company BG BOLIVIA CORPORATION (Branch Bolivia).
Article 2. (ASSIGNMENT CONTRACT AUTHORIZATION). Once the declaratory and approval of the merchantability of one or more fields within the area of the contract mentioned in the previous Article is issued, YPFB and the holder of the period of exploration, the subscription of the contract of sale set out in the Annex? G? of this contract, in favor of the Society of Mixed Economy-S.A.M., to conform between YPFB and the company BG BOLIVIA CORPORATION (Branch Bolivia), for the declared fields of trade.
Article 3. (MIXED ECONOMY COMPANY).
I. The S.A.M., will be a company formed in the framework of the Commercial Code, which for the development of its activities
must conform to the current legal regulations.
II. The S.A.M., will be governed entirely by the Code of Commerce and shall be subject to the provisions of Article 5 of Law No.
1178 of 20 July 1990, of Government Administration and Control, having the duty to inform the competent public entities of the destination, form and result of the management of the resources provided by the State to that S.A.M. and present its audited financial statements.
Remit to the Executive Body for constitutional purposes.
Is given in the Session Room of the Plurinational Legislative Assembly, at the twelve days of September of the year two thousand thirteen.
Fdo. Lilly Gabriela Montano Viana, 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 complies with the law of the State. Plurinational of Bolivia.
Field Margarita between the Departments of Chuquisaca and Tarija on the first day of October of the year two
FDO. EVO MORALES AYMA, Juan Ramon Quintana Taborga, Juan Jose Hernando Sosa Soruco, Amanda