Act 129

Original Language Title: Ley 129

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Law No. 129 law of June 2, 2011 EVO MORALES AYMA President constitutional of the PLURINATIONAL State of BOLIVIA, by how much, the plurinational Legislative Assembly, has sanctioned the following law: the Assembly Legislative PLURINATIONAL, D E C R E T A: article 1. OIL SERVICES CONTRACT (AUTHORIZATION). In accordance with the provisions of the second paragraph of the article 362 of the political Constitution of the State, is it granted to Yacimientos Petrolíferos Fiscales Bolivianos? YPFB, to sign the contract of services tankers for the exploration and exploitation of AREAS reserved to FAVOR of YPFB, corresponding to the AREA? Do I almond?, located in the Department of Santa Cruz with the GAS TO LIQUID INTERNATIONAL S.A.? GTLI.
Article 2. (AUTHORIZATION ASSIGNMENT AGREEMENT). Once issued the Declaration and approval of the commerciality of one or several fields within the Area of the designated contract in the previous article, is granted to YPFB and the holder of the period of exploration, the signing of the contract of assignment set out in annex? G? Giuliani, in favour of the mixed economy, YPFB-GTLI S.A.M. for fields declared commercial company.
I. the company YPFB - GTLI S.A.M., is a mixed economy company formed in the legal framework of the code of Commerce, which for the development of their activities shall be in accordance with current legal regulations.
II the company YPFB-GTLI S.A.M., shall be governed by the code of Commerce and shall be subject to the provisions of article 5 of the law No. 1178, of July 20, 1990, of administration and governmental Control, having the duty to inform the competent public authorities on fate, form and result of the management of the resources provided by the State to the entity and submit audited financial statements.
Refer to the Executive Branch, for constitutional purposes.
Two thousand eleven is given in the room of sessions the Assembly Legislative plurinational, eighteen days after the month of may of the year.
FDO. Rene Oscar Martinez Callahuanca, Flora Aguilar Fernández, Zonia guard Melgar, Carmen García M., Esteban Ramirez Torrico, 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 two days of the month of June of two thousand eleven years.
FDO. EVO MORALES AYMA, Oscar Coca Antezana, E. Viviana Caro Hinojosa, Jose Luis Gutierrez Perez.