law no 187
LAW OF NOVEMBER 22, 2011
EVO MORALES AYMA
CONSTITUTIONAL PRESIDENT OF THE PLURINATIONAL STATE OF BOLIVIA
For the Plurinational Legislative Assembly, has sanctioned the following Act:
THE PLURINATIONAL LEGISLATIVE ASSEMBLY,
I. Pursuant to the provisions of the 10ª attribution, paragraph I of the Article 158 of the Constitution of the State,
approve the Convention of Concessional Loan to 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 dated August 11, 2011, for the amount of Yuanes 411,000,000.-(Four hundred Eleven Million 00/100 Yuanes), equivalent to $us60,000,000.-(Sixty Million 00/100 American Dollars), destined to finance the? Project of Procurement of Drillers?.
II. Yacimientos Petrolíferos Fiscales Bolivianos (YPFB), as the Executive Entity will be responsible for repaying the
financing under the same conditions set out in the Concessional Loan to the Government [CHINA EXIMBANK GCL Nº (2011) 17 Total Nº (367)], approved by this Law.
Article 2. The Law No. 4149 dated December 31, 2009, which approves the Contract of
Loan between the Plurinational State of Bolivia and The Export Import Bank of China, is hereby repealed. EXIMBANK dated December 2, 2009, in the amount of up to $us.60,000,000.-(Sixty Million US Dollars) to finance the 39 K House Gas Project for the expansion of natural gas distribution networks and the acquisition of drilling and well intervention equipment in existing fields and new prospections.
Remit to the Executive Body, for constitutional purposes.
It is given in the Session Room of the Legislative Assembly. Plurinational, at the fifteen days of the month of November
of the year two thousand eleven.
Fdo. René Óscar Martínez Callahuanca, Héctor Enrique Arce Zaconeta, Jeanine Anez Chávez, Carmen García
M., Agripina Ramírez Nava, Ángel David Cortés Villegas.
Therefore, it has been enacted to comply with the law of the State Plurinational of Bolivia.
Palace of Government of the city of La Paz, at the twenty-two days of the month of November of two thousand eleven years.
FDO. EVO MORALES AYMA, Carlos Romero Bonifaz, E. Viviana Caro Hinojosa, Jose Luis Gutierrez