law no 087
LAW OF MARCH 2, 2011
EVO MORALES AYMA
CONSTITUTIONAL PRESIDENT OF THE PLURINATIONAL STATE OF BOLIVIA
For the Plurinational Legislative Assembly, it has sanctioned The following Law:
THE PLURINATIONAL LEGISLATIVE ASSEMBLY,
D E C R E T A:
I. In accordance with the provisions of the 10ª attribution, paragraph I of Article 158 of the Political Constitution of the State, I approved the Loan Agreement, signed between the Plurinational State of Bolivia and the Development Bank of China on 23 July. December 2010, for the sum of up to $us251,124,000.00 (TWO-HUNDRED AND FIFTY-ONE HUNDRED AND TWENTY-FOUR THOUSAND USD 00/100 USD), destined to finance the Project? Communications Satellite Tupak Katari?.
II. The Space Agency (EBA) is authorized to obtain all the insurance required under the Contract of
approved loan and the Commercial Contract signed with the company Great Wall Industry Corporation of the The People's Republic of China.
III. The Ministry of Economy and Public Finance is authorized through the General Treasury of the Nation to assume the repayment
of the obligations that are incurred in the execution of the Loan Agreement approved by this Law.
Remitase to the Executive Body, for purposes
It is given in the Session Room of the Plurinational Legislative Assembly, twenty-four days of the month of February of the year two thousand eleven.
Fdo. René Oscar Martínez Callahuanca, Héctor Enrique Arce Zaconeta, Zonia Guardia Melgar, Carmen García M.., Ángel David Cortés Villegas, Agrípina Ramírez Nava.
Therefore, the law has been enacted so that it has and will comply with the law of the Plurinational State of Bolivia.
Palace of Government of the city of La Paz, two days from 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, Walter Yacal Delgadillo Third.