United States Senate Resolution No. 19, July 20 2009

Original Language Title: Resolução do Senado Federal nº 19, de 20 de julho de 2009

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Do I know that the Senate approved, and I, Marconi Perillo, first Vice-President of the Senate, in the exercise of the Presidency, pursuant to art. 48, paragraph XXVIII, the internal regulations, enact the following R E S O L U t I O N° 19, 2009 Authorizes the State of Ceará to hire external credit operation with the International Bank for reconstruction and development (IBRD), with the guarantee of the Union, worth up to $ 103,000, 000.00 (us $ 103,000,000) of main intended for partial funding of project of integrated water resources management of Ceará-Progerirh II ".
The Senate resolves: Art. first is the State of Ceara allowed to hire external credit operation with the International Bank for reconstruction and development (IBRD), with the guarantee of the Union, worth up to $ 103,000, 000.00 (us $ 103,000,000).
Sole paragraph. The resources from the credit operation referred to in the caput are intended for partial funding of project of integrated water resources management of Ceará-Progerirh II ".
Art. 2 the credit operation referred to in art. 1st should be conducted under the following conditions: (I)-debtor: State of Ceará;
II-creditor: International Bank for reconstruction and development (IBRD);
III-guarantor: Federative Republic of Brazil;
IV-value: up to $ 103,000, 000.00 (us $ 103,000,000);
V-disbursement period: until 31 December 2011;
VI-amortization: in 30 (thirty) consecutive semi-annual installments, and, to the extent possible, equal pay in the days 15 April and 15 October each year, winning the first in 15 April 2015 and the last in October 2029 15; each of the plots will be 3.33% (three integers and 33 cents per 100) from the total amount of the loan, and the last to 3.43% (three integers and 43 hundredths of a percent);
VII-interest: required semiannually and paid on the same dates and amortization payments calculated on the outstanding balance of the loan, the journal a composite rate for the six-month Libor interest rate for us dollar plus a spread being determined by the Bird every fiscal year and fixed at the date of signature of the contract;
VIII-Commission: 0.25% (twenty-five cents per 100) on the value of the loan, to be debited on the date on which the contract enters into effectiveness;
IX-interest: 0.50% p.a. (50 cents for 100 year) plus interest due and not yet paid.
Sole paragraph. The dates for payment of the principal and financial burdens, as well as disbursements, can be modified on the basis of the date of signature of the loan contract.
Art. third is the Union authorized to grant guarantee to the State of Ceará in the hiring of external credit operation referred to in this resolution.
Sole paragraph. The authorization referred to in the caput is conditioned to the State of Ceará celebrate the Union contract for the provision of counter-guarantees in the form of binding of the own resources referred to in art. 155, and revenue-sharing quotas of dealing with the arts. 157 and 159, all of the Federal Constitution, and other guarantees in law permitted the Federal Government to require transfers of resources to cover the commitments honored directly towards centralization of the accounts of the State or federal transfers.
Art. 4 the maximum time limit for the exercise of this authorization shall not exceed 540 (540) days, counted from the validity of this resolution.
Art. 5 this decision shall enter into force on the date of its publication.
Senate, on 20 June 2009.

Senator Marconi Perillo first Deputy President of the Senate, the Office of President Annex attachment (s)

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