Law # 12197, 14 January 2010

Original Language Title: Lei nÂș 12.197, de 14 de Janeiro de 2010

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now for only USD$40 per month.

LEI No. 12,197, DE January 14, 2010.

Fixed limits for the value of annuities due to the Federal Council and the Regional Boards of Physical Education.

THE PRESIDENT OF THE REPUBLIC I do know that the National Congress decrees and I sanction the following Law:

Art. 1st In fixing the value of annuities due to the Federal Council and the Councils Regional Physical Education, the following limits will be observed:

I-R$ 380.00 (three hundred and eighty royals), for physical persons ;

II-R$ 950.00 (nineties and fifty reais), for legal persons.

Art. 2nd The values set in art. 1st can be corrected annually by the National Wide Consumer Price Index-IPCA, calculated by the Institute of Geography and Statistics Institute-IBGE.

Single Paragraph. (VETADO)

Art. 3rd The Federal Board of Physical Education, annually, will draw up resolution by applying, if judgment required, the correction to the values of annuities due by the physical and legal persons in it entered and registered through the regional ones, respected the limits of this Act.

Art. 4th The Federal and Regional Boards of Physical Education will present, annually, the delivery of your accounts to your registered.

Art. 5th This Act shall enter into force on the date of its publication.

Brasilia, January 14, 2010 ; 189th of the Independence and 122nd of the Republic.


Machado Nelson

Carlos Lupi