Law No. 10183, 12 February 2001

Original Language Title: Lei nº 10.183, de 12 de Fevereiro de 2001

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LEI No. 10,183, DE February 12, 2001

Altera devices of Law No. 9,365 of December 16, 1996, establishing the Long-term Interest Rate-TJLP, has on the remuneration of the resources of the PIS-PASEP Participation Fund, the Amparo Fund to the Worker and the Merchant Marine Fund.

I make it known that the President of the Republic adopted the Provisional Measure No. 2.090-18, 2001, that the National Congress approved, and I, Antonio Carlos Magalhães, Chairman, for the effects of the provisions in the single paragraph of art. 62 of the Federal Constitution, promulgated the following Law:

Art. 1º The arts. 1º, 2º and 3º of Law No. 9,365 of December 16, 1996, pass vigorously with the following essay:

" Art. 1º As of 1º October 1999, the Long-term Interest Rate-TJLP will have a period of validity of one quarter-calendar and will be calculated from the following parameters:

I-inflation target calculated pro rata for the twelve months following the first month of the rate, inclusive, based on the annual targets set by the National Monetary Council ;

II-risk premium. " (NR)

" Art. 2º The TJLP shall be fixed by the National Monetary Council and disclosed until the last business day of the quarter immediately prior to that of its duration. " (NR)

" Art. 3º In addition to the cases provided for in the current legislation, TJLP may be used in any operations carried out in the financial and securities markets, under the conditions set by the Central Bank of Brazil and, in the case of that last market, also by the Securities Commission. " (NR)

Art. 2º Stay convalidated the acts practiced on the basis of the Provisional Measure No. 2.090-17 of December 27, 2000.

Art. 3º This Act comes into force on the date of its publication.

Art. 4º It is repealed Law No. 9,780 of January 19, 1999.

National Congress, on February 12, 2001 ; 180º of Independence and 113º of Republic.