Provisional Measure No. 633, Of 26 December 2013

Original Language Title: Medida Provisória nº 633, de 26 de dezembro de 2013

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PROVISIONAL MEASURE # 633, OF December 26, 2013

Amendments to Law No. 12,096 of November 24, 2009 authorizing the granting of economic subsidy under the modality of equalization of interest rates by the Union, adds the art. 1º-A to Law No. 12,409 of May 25, 2011 authorising the Salary Variations Compensation Fund-FCVS, to take over rights and obligations of Housing Insurance of the Housing Financial System-SH/SFH and gives other arrangements.

THE REPUBLIC OF THE REPUBLIC, in the use of the attribution that confers you the art. 62 of the Constitution, adopts the following Interim Measure, with force of law:

Art. 1º Law No. 12,096 of November 24, 2009 passes vigorously with the following changes:

" Art. 1º It is the Union authorized to grant economic grant, under the modality of equalization of interest rates, in the financing operations contracted by December 31, 2014:

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§ 1º The total value of financing subsidized by the Union is limited to the amount of up to R$ 372,000,000,000.00 (three hundred and seventy-two billion reais).

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Art. 2º Law No. 12,409 of May 25, 2011 passes vigorously with the following changes:

" Art. 1º-A. It is incumbent on the Federal Economic Box-CEF to represent judicial and extrajudicially the interests of the FCVS.

§ 1º The CEF shall, in the face of legal interest, intervene in the legal actions that pose a risk or legal or economic impact to the FCVS or its subaccounts in the form defined by the FCVS Curator Council.

§ 2º For the purposes of § 1º, it shall be considered to be the entirety of the shares on the basis of the identical question of law that may have an effect on the FCVS or its subaccounts. " (NR)

Art. 3º The Union, through the Advocacy-General of the Union, may intervene in the actions of which it treats art. 1º-A of Law 12,409, 2011, in the form of art. 5º of Law No. 9,469 of July 10, 1997, or avoce them, in the form of art. 8º-C of Law No. 9,028 of April 12, 1995.

Art. 4º In relation to those made in progress, CEF will arrange for its immediate admission as a representative of the FCVS.

Art. 5º This Provisional Measure shall come into force on the date of its publication.

Brasilia, December 26, 2013 ; 192º of Independence and 125º of the Republic.

DILMA ROUSSEFF

Guido Mantega

Luis Inacio Lucena Adams