I do know that the Federal Senate has approved, and I, Renan Calheiros, 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 20, DE 2013

Authorizes the State of Rio de Janeiro to hire external credit operation, with Union guarantee, with the International Bank for Reconstruction and Development (Bird), worth up to US$ 100,000,000.00 (hundred million US dollars Americans).

The Federal Senate resolves:

Art. 1º It is the State of Rio de Janeiro authorized to hire external credit operation, with Union guarantee, with the International Bank for Reconstruction and Development (Bird), worth up to US$ 100,000,000.00 (hundred million US dollars Americans).

Single Paragraph. The proceeds from this credit operation are intended for additional funding to the "Sustainable Rural Development Project in Hydrographic Microbacies (Rural / FA River)".

Art. 2º The credit operation referred to in art. 1º should be carried out under the following conditions:

I-dever: State of Rio de Janeiro ;

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

III-guarantor: Federative Republic of Brazil ;

IV-value: up to US$ 100,000,000.00 (one hundred million U.S. dollars) ;

V-amortization: in 37 (thirty-seven) semi-annual and successive installments, of values as much as possible, to be paid on February 15 and on August 15 of each year, winning the first on August 15, 2018, and the latter, on August 15, 2036, estimatively ;

VI-interest: required semester together with depreciation and calculated on the basis of the semi-annual Libor for U.S. dollar, plus a spread to be determined by the Bird to each fiscal year ;

VII-commission in sight: up to 0.25% (twenty-five hundredths per cent) on the value of the loan, to be paid up to 60 (sixty) days after the effective date of the contract, with own resources from the borrower ;

VIII-interest arrears: 0.50% a.a. (fifty hundredths per cent per year), plus interest due and not yet paid in up to 30 (thirty) days after the expected date for your payment.

§ 1º The dates of payment of the principal, financial charges and planned disbursements may be changed depending on the date of signing of the loan agreement.

§ 2º It is permitted to the borrower, already duly authorized by this Resolution, with the formal consent of the guarantor, observed the deadlines and minimum amounts required in the loan contract, to exercise the conversion option for a fee fixed interest, part or all of the debtor balances subject to the interest rate based on Libor, and vice versa, and of the currency of the amount already disbursed and disbursing to currencies that Bird can finance itself with efficiency, as well as hire the establishment of ceilings and bands for the fluctuation of the interest rate.

§ 3º For the exercise of the option referred to in § 2º, it is the State of Rio de Janeiro authorized to pay a transaction commission to the Bird.

Art. 3º It is the Union authorized to grant guarantee to the State of Rio de Janeiro in the contracting of the external credit operation referred to in this Resolution.

§ 1º The exercise of the authorization provided for in the caput is conditioned that the State of Rio de Janeiro concludes contract with the Union for the concession of contragaranties, in the form of binding of the revenue of which they treat the arts. 155, 157 and 159, pursuant to § 4º of the art. 167, all of the Federal Constitution, and other guarantees in law admitted, and the Federal Government may apply for the transfers of resources required to cover the commitments honoured directly from the centralizing accounts of the state collection or federal transfers.

§ 2º Previously on the signing of the contract, the Ministry of Finance will verify and attest to the adimation of the State of Rio de Janeiro as to the payments and accounts of accounts of which it treats art. 10 of the resolution of the Federal Senate No 48 of 2007, as well as the fulfilment of the preconditions for the first disbursement.

Art. 4º 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. 5º This Resolution shall enter into force on the date of its publication.

Federal Senate, on May 29, 2013.

Senator RENAN CALHEIROS

President of the Federal Senate