I do know that the Federal Senate has approved, and I, Serys Slhessarenko, Second Vice President of the Senate Federal, in the exercise of the Presidency, in the terms of art. 48, inciso XXVIII, of the Rules of Procedure, promulgated the following

R E S O L U UNK UNK UNK No. 55, DE 2009

Authorizes the Federative Republic of Brazil to hire external credit operation with the International Bank for Reconstruction and Development (Bird), worth up to US$ 24,300,000.00 (twenty-four million and three hundred thousand U.S. dollars), of principal, whose resources are intended for partial funding of the?National Environment Programme II-PNMA II-Second Phase?.

The Federal Senate resolves:

Art. 1º It is the Federative Republic of Brazil authorized to hire external credit operation with the International Bank for Reconstruction and Development (Bird), worth up to US$ 24,300,000.00 (twenty four million and three hundred thousand U.S. dollars).

Single Paragraph. Is the authorized credit operation in the caput intended for partial financing of the?National Environment Programme II-PNMA II-Second Phase?.

Art. 2 ° The external credit operation referred to in art. 1º will have the following characteristics:

I-dever: Federative Republic of Brazil ;

II-credor: International Bank for Reconstruction and Development (Bird) ;

III-worth: up to US$ 24,300,000.00 (twenty-four million and three hundred thousand dollars Americans), of principal, in the modality of loan with variable margin ;

IV-deadline of disbursement: until December 15, 2014 ;

V-amortization: 50 (fifty) semester plots, successive and, as far as possible, equal, paid always on day 15 of the months of June and December of each year, being the first due on December 15, 2014 and the last on June 15, 2039 ;

VI-interest: required semesterly on day 15 of the months of June and December of each year, calculated on the periodic debtor balance of the loan, at a floating annual rate composed of the semi-annual Libor for the US dollar increased by a margin determined by the Bird ;

VII-interest arrears: 0.50% a.a. (fifty hundredths per year) add to the interest due and not yet paid 30 (thirty) days after the expected date for your payment ;

VIII-commission on view (front-end fee): 0.25% (twenty-five hundredths per cent) over the value of the loan, to be debited on the date on which the contract comes into effect.

§ 1º The dates of payments of the principal and financial charges as well as disbursements provided for, may be changed depending on the date of signing of the loan agreement.

§ 2º The borrower will be able to apply for the creditor to change the variable margin hiring for margin fixed, which allows for the use of the following financial instruments:

I-conversion of the interest rate applicable to the partial or total amount of the loan, from float for fixed or vice-versa;

II-change in the reference currency of the credit operation for the amount already disbursed and for the amount to be disbursed ;

III-establishment of ceilings and bands for fluctuating interest rate.

§ 3º For the exercise of the options referred to in § 2º, the collection of the charges incurred shall be authorized. by Bird in the making of the options and a transaction commission on the affected values.

Art. 3 The maximum period for the exercise of this authorisation shall be 540 (five hundred and forty) days, counted from the duration of this Resolution.

Art. 4 ° This Resolution shall enter into force on the date of its publication.

Federal Senate, on December 18, 2009.

Senator Serys Slhessarenko

Second Vice President of the Federal Senate,

in the exercise of the Presidency