Law 187

Original Language Title: Ley 187

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now

Read the untranslated law here:

Law No. 187 law of 22 of November of 2011 EVO MORALES AYMA President constitutional of the State PLURINATIONAL of BOLIVIA as, the Assembly Legislative plurinational, has sanctioned the following law: the Assembly Legislative PLURINATIONAL, DECREES: article 1.
I. in accordance with provisions of the attribution 10th, paragraph I of the article 158 of the political Constitution of the State, approved the concessional loan agreement the Government [(CHINA EXIMBANK GCL Nº (2011) 17 Total No. (367))], signed between the plurinational State of Bolivia and The Export Import Bank Of China? EXIMBANK in date August 11, 2011, for an amount of RMB 411.000.000.-(four hundred eleven million 00/100 Yuan), equivalent to $us60.000.000.-(sixty million 00/100 US dollars), intended to finance the? Project procurement of drilling equipment?.
II. deposits oil Fiscales Bolivianos (YPFB), as executing entity shall be liable for in the repayment of funding under the same conditions laid down in the Convention of concessional loan to the Government [CHINA EXIMBANK GCL Nº (2011) 17 Total No. (367)], approved by this law.
Article 2. Is repealed the law No. 4149 of date of December 31, 2009 approving the loan contract signed between the plurinational State of Bolivia and The Export Import Bank of China? EXIMBANK in on December 2, 2009, for an amount of up to $us.60.000.000.-(sixty million 00/100 U.S. dollars) intended to finance the project of Gas home 39 K, for the expansion of networks of distribution of natural gas and the acquisition of equipment for drilling and intervention of wells in existing fields and new surveys.
Refer to the Executive Branch, for constitutional purposes.
Two thousand eleven is given in the room of sessions the Assembly Legislative plurinational, on the fifteenth day of November in the year.
FDO. Rene Oscar Martinez Callahuanca, Hector Enrique Arce Zaconeta, Jeanine Añez Chavez, Carmen García M., Agripina Ramirez Nava, Angel David Cortés Villegas.
I therefore enacted it is and meets as a law of the plurinational State of Bolivia.
Government Palace of the city of La Paz, to the twenty-second day of the month of November of two thousand eleven years.
FDO. EVO MORALES AYMA, Carlos Romero Bonifaz, E. Viviana Caro Hinojosa, Jose Luis Gutierrez Perez.