Provisional Measure No. 2,081-45, Of 25 January 2001

Original Language Title: Medida Provisória nº 2.081-45, de 25 de Janeiro de 2001

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Get a Day Pass for only USD$19.99.
Provisional measure no. 2,081-45, of 25 JANUARY 2001 Authorizing the Union to receive securities dividends and interest on own capital paid by entities whose capital the National Treasury participates, and other matters.
The PRESIDENT of the REPUBLIC, in the use of the role that gives the art. 62 of the Constitution, adopts the following provisional measure, with force of law: Art. First Union is authorised at the discretion of the Minister of State of Finance: IA to get state-owned enterprises, joint stock company and other entities whose capital the National Treasury to participate, albeit small, securities as payment of interest on capital and dividends to which he is entitled;
II-to alienate, to BNDES Participações S.A.-BNDESPAR, the securities you receive in the form of item (I).
Art. 2 The arts. 1 and 3 of law No. 9619, of 2 April 1998, with the following wording: Art. 1......................................................................................................................................................................... § 2 for this law, authorized ELETROBRÁS will use resources: I-the background of the Global reversion Reserve, pursuant to paragraph 4 of art. 4 of law No. 5655, of 20 May 1971, as amended by law No. 8631, 4 March 1993, as amended by law No. 9496, of 11 September 1997; and II? from the disposal of minority shareholdings. " (NR)
"Art. 3 the resources that may be obtained from the sale of shares acquired pursuant to art. 1 shall be deposited at the bottom of the Global reversion Reserve, up to the amount of this used to purchase authorized by this law. " (NR)
Art. 3rd Law No. 9619, 1998, apply the following article: "Art. 4. If the value received by the Union, by ELETROBRÁS system companies or BNDES, in alienation, in the framework of the national privatization Program, shares of CEAL, is less than the updated value of the price paid in dealing with the arts. 1 and 4 of this law, the difference will be the responsibility of the State of Alagoas, and can be refinanced by the Union under the contracts signed under the terms of law No. 9496, of 11 September 1997.
Sole paragraph. Possible ELETROBRÁS credit against the Union, arising from the application of the provisions in the caput shall be used: (I)? as a matter of priority, in Comprehensive reserve fund replenishment of Reversion, in addition to that provided for in art. 3;
II-in the form determined by art. 13 of law No. 9491, 1997. " (NR)
Art. 4 Are convalidados the acts performed on the basis of provisional measure no. 2,081-44, of 27 December 2000.
Art. 5 This provisional measure shall enter into force on the date of its publication.
Brasilia, 25 January 2001; 180 degrees of independence and 113 of the Republic.
FERNANDO HENRIQUE CARDOSO Silvano Gianni