Read the untranslated law here: http://www.gacetaoficialdebolivia.gob.bo/index.php/normas/verGratis_gob2/139058
Act No. 087 Act of March 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: single article.
I in accordance with provisions of the attribution 10th, paragraph I of the article 158 of the political Constitution of the State, approved the loan agreement, signed between the plurinational State of Bolivia and the China Development Bank on December 23, 2010, in the amount of up to $us251.124.000, 00 (two hundred fifty-one million cent twenty-four thousand 00/100 US dollars) intended to finance the project? Communications satellite Tupak Katari?.
II. authorizing the Bolivian Space Agency (ABE) obtaining all insurance required within the approved loan contract and the commercial agreement entered into with the company Great Wall Industry Corporation of the People's Republic of China.
III. authorizing the Ministry of economy and finance through the General Treasury of the nation, assume the repayment obligations that are incurred in the execution of the loan agreement approved by this law.
Refer to the Executive Branch, for constitutional purposes.
Two thousand eleven is given in the room of sessions the Assembly Legislative plurinational, twenty-four days after the month of February of the year.
FDO. Rene Oscar Martinez Callahuanca Hector Enrique Arce Zaconeta, Zonia guard Melgar, Carmen García M., Angel David Cortés Villegas, Agripina Ramirez Nava.
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 March of two thousand eleven years.
FDO. EVO MORALES AYMA, David Choquehuanca Cespedes, Oscar Coca Antezana, E. Viviana Caro Hinojosa, Luis Alberto Arce Catacora, Juvenal Walter Delgadillo third.
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