Credit Attorney. - Will Be Up To The Amount Of Bs. A 1.3 Billion

Original Language Title: CREDITO FISCAL.—SERÁ HASTA LA SUMA DE BS. UN MIL TRESCIENTOS MILLONES,

Read the untranslated law here: http://www.gacetaoficialdebolivia.gob.bo/index.php/normas/verGratis_gob2/49379

LAW on May 20, 1947, credit Fiscal.a€ "will be up to the amount of Bs. a thousand three hundred million, ENRIQUE HERTZOG G. Constitutional President of the Repašblica as: El H. National Congress has sanctioned the following law: the H. Congress national DECREES: Arta-culo lo.a€"the La-tax credit limit which referred to Arta-culo 73 law nica Orga of the Central Bank of Bolivia! " , will be until the sum of a thousand three hundred million of Bolivian, not being able in any ° n case nor by reason some exceed of this it-mite them Cra © credits that the Bank Central of Bolivia grant to the Government national.!
Arta-culo 2o.a€ "all loans under any name covering the Government of the nation in the Central Bank of Bolivia arising from international agreements entered into by the State, not be computed n within the La-mite of Cra tax credits, defined by this law in a 1.3 billion bolivianos."
Arta-culo 3o.a€ "be empowered also to the Central Bank of Bolivia in its banking section to grant the State loans mortgage up to the sum of two hundred billion to meet a program's buildings and facilities tax, with preferably for schools and hospitals, guaranteed interest and amortization services resources created by special laws and funds General of the Nación" , deposit those staying in an account intended exclusively for said service.
The amount of these loans do not affect to the credits defined by the Arta-culo the-limit lo., and its investment in the acquisition, construction and reconstruction of the works listed before, is Hara by an equal distribution among the nine departments of the Republic Republic.!
Resources that correspond to each Department, fifty percent are assigned to the capitals of them and the other fifty percent is distributed among the provinces.!
Funds corresponding to the Department of Tarija is for the sum of two million boliivanos for the study and initiation of the work of Canalizacia³n of the Ra-o Guadalquivir River in the city of the same name.
Arta-culo 4o.a€ "(is suppresses the subsection i) of the Arta-culo 51 of the law of 20 of December of 1945 relating to them advances to the Government until the eight percent of the chapter-chapter of income of the budget national, by have is reception-do your amount in the debt consolidated planned by the Arta-culo it." of this law.
Arta-culo 5o.a€ "the Government will meet annually, with funds from the national budget, the service of interest and repayment of the consolidated debt and loan with warranty-a mortgage referred to in the Arta-culos it.!" and 3rd. of this law, that do not have resources own, created by laws special to each Empra © stito. The Bank Central be the corresponding transfer of account of General deposits of the nation, the sums required for repayment and payment of semi-annual interest to national obligations that had no warranty-a gearbox - fica, own resources with that counts each Empra © stito tratà moving of groups created by special laws.
Arta-culo 6o.a€ "Regira as the law of the Republic the Supreme Decree No. €738a"2 of 28 February 1947, referring to the deepening of the obligations of the State.! "
Arta-culo 7o.a€ "(Las obligaciones contenidas en los incisos f) and g) of 51 of the organic law Arta-culo literatures of the Central Bank of Bolivia are independent provisions 73 Arta-culo of the same law, as the pointed in the 51 Arta-culo and their corresponding subparagraphs refer to the Monetary Department and operations this Department can be!" , and provisions of the 73 Arta-culo refers to the operations of credit in the Banking Department of the same institution.
Arta-culo 8o.a€ "within the extension of credit general authorized to grant to the State by the Central Bank of Bolivia, changing by this law the Arta-culos 51 (c)(i)) and 73 of its organic Charter nica on December 20, 1945, will give preference to the execution of the following works, in accordance with special laws.!"
Drinking water for the city of Sucre?. BS. 11.000.000. â €"sewerage and Pavimentacia³n in the city of Sucre?" 12,000,000. â €"payment by different concepts and P. F. B.." ??????????.." 10,000,000. â €"fee for Potosí - by its fourth centenary works?" 20,000,000. â €"municipal works in Nor Yungas?..." 15,000,000. â €"Obras Sanitarias in Tarija?" 10,000,000. â €"Enrieladura F. C. Santa Cruz, Vila Vila-Tin Tin stretch?" ..." 20,000,000. â €"fees accumulated to Oruro drinking water?" 30,000,000. â €"sanitary and Pavimentacia³n of Oruro works?..." 5,000,000. â €"sanitation in Santa Cruz works?" ..." 10,000,000. â €"Arta-culo 9o.a€" are covered also © n payment of fifty billion earmarked for increasing the capital of the banks mining and Agra-tail, as a new contribution that makes the State of its Capitalizacia³n, in the proportion of 25 million to each institution.!
The mentioned banks, cooperate n to the National Treasury for the service of interest and repayment of these amounts, every six months giving ten percent of profits La-quidas.
Commune-contact to the Executive for constitutional purposes.
Session of the H. Congress Hall.
Peace, on May 17, 1947.
M. Urriolagoitia.a€ "Josà © Antonio Arze.a€" M. Mogro Moreno, Senator Secretario.a€ "Lucio Zabalaga, Senator Secretary, ad hoc.a€" H. Boha³rquez, Deputy Secretario.a€ "P. Montaño, Deputy Secretary.
THEREFORE: I enacted it is and meets as a law of the Republic.
Palace of Government of the city of La Paz, to the 20 day-as of the month of May 1947 years.
E Hertzog.a€ "A. Molina."