United States Senate Resolution No. 30, Of 26 June 2002

Original Language Title: Resolução do Senado Federal nº 30, de 26 de junho de 2002

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I do know that the Federal Senate has approved, and I, Ramez Tebet, President, in the terms of art. 48, inciso XXVIII, of the Rules of Procedure, promulgated the following

R E S O L U UNK UNK No 30, DE 2002 (*)

Authorizes the hiring of external credit operation, with collateral of the Federative Republic of Brazil, in the total value equivalent to US$ 48,000,000.00 (forty-eight million U.S. dollars), of principal, between the State of the Pará and the Inter-American Development Bank (BID), intended to finance, partially, the Para-Urbe Support Program.

The Federal Senate resolves:

Art. 1º It is authorized the State of Pará to hire external credit operation with the Inter-American Development Bank (BID), in the terms of art. 52, inciso V, of the Federal Constitution, and pursuant to Resolutions No. 40 and 43, of 2001, both of the Federal Senate, in the total value equivalent to US$ 48,000,000.00 (forty-eight million U.S. dollars), of principal, intended to finance , partially, the Parable-Urbe Support Program.

Single Paragraph. It is the Federative Republic of Brazil authorized to grant warranty to this operation.

Art. 2º The credit operation mentioned in art. 1º presents the following financial characteristics:

I? debtor: State of Pará ;

II? intended value: US$ 48,000,000.00 (forty-eight million U.S. dollars) ;

III? interest: interest will be calculated on the daily debtor balances of the loan at an annual fee for each semester, determined by the cost of the qualified multimonetary loans taken by the BID during the previous semester, plus margin reasonable expressed in terms of an annual percentage, which the BID will fix periodically according to its policy ;

IV? deficiency: 60 (sixty) months ;

V? payment of the principal: 40 (forty) installments, semiannuals and consecutive ;

VI? term of contract: 294 (two hundred and ninety-four) months ;

VII? compromise commission: 0.75% a. a (seventy five hundredths per cent a year) on the undisbursed balance, which will begin to vigorate 60 (sixty) days after the Contract date ;

VIII? supervisory commission: UU$ 480,000.00 (four hundred and eighty thousand U.S. dollars), in quarterly plots, as much as possible, joining the BID account, independent of solicitation.

Art. 3º The authorisation granted by this Resolution is to be exercised within 540 (five hundred and forty) days, counted from the date of its publication.

Art. 4º This Resolution comes into force on the date of its publication.

Federal Senate, on June 26, 2002


President of the Federal Senate

N. of COJOF: Published on this date for having been omitted from the DOU edition of 6/14/2002, Section 1.