Key Benefits:
I do know that the Federal Senate has approved, and I, José Sarney, 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. 48, DE 2010
Alters resolution No. 28, of 2010, of the Federal Senate, with a view to rectifying the names of the external credit operation creditors, with a guarantee from the Federative Republic of Brazil, between the State of São Paulo and the Japan Bank for International Cooperation (JBIC) and a consortium of banks japanese led by the Sumitomo Mitsui Banking Corporation (SMBC), for partial financing of the Entrepreneur-Yellow Line 4-Amarela of the São Paulo Subway, developed in co-financing with the International Bank for Reconstruction and Development (Bird).
The Federal Senate resolves:
Art. 1º The amendment of the 2010 Resolution 28 of the Federal Senate, passes vigorously with the following essay:
?Authorizes the State of São Paulo to hire external credit operation, with collateral from the Federative Republic of Brazil, with the Japan Bank for International Cooperation (JBIC) and a consortium of Japanese banks led by Sumitomo Mitsui Banking Corporation (SMBC), in Japanese yen equivalent to up to US$ 130,000,000.00 percent (one hundred and thirty million U.S. dollars).?
Art. 2º The arts. 1º and 2º of the 2010 Resolution 28 of the Federal Senate, pass vigorously with the following essay:
?Art. 1º It is the State of São Paulo authorized to hire external credit operation, with Union guarantee, with the Japan Bank for International Cooperation (JBIC) and a consortium of Japanese banks led by Sumitomo Mitsui Banking Corporation (SMBC), in japanese yen equivalent to up to US$ 130,000,000.00 (one hundred and thirty million U.S. dollars).
.........................................................................................? (NR)
?Art. 2º ......................................................................................
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II-creditors: Japan Bank for International Cooperation (JBIC) and a consortium of Japanese banks led by Sumitomo Mitsui Banking Corporation (SMBC) ;
.........................................................................................? (NR)
Art. 3º This Resolution comes into force on the date of its publication.
Federal Senate, on August 31, 2010.
Senator Jose Sarney
President of the Federal Senate