United States Senate Resolution No. 39, Of 17 May 2000

Original Language Title: Resolução do Senado Federal nº 39, de 17 de maio de 2000

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now for only USD$40 per month.

I do know that the FEDERAL SENATE has approved, and I, GERALDO MELO, FIRST VICE PRESIDENT, in the exercise of the PRESIDENT, in the terms of the art. 48, item 28, of the Rules of Procedure, promulgated the following

resolution No. 39, 2000.

Authorizes the concession, by the Union, of the guarantee of the Federative Republic of Brazil under the Technical and Financial Cooperation Protocol, in addition to the external financing contract concluded between the Development Company of the Valley of the San Francisco (Codevasf) and the Hungarian Company of Foreign Trade and Employees for Export (Agroinvest), as well as the dispensation of the respective contragarantia.

The FEDERAL SENATE,

Resolve:

Art. 1º It is the San Francisco Valley Development Company (Codevasf) authorized to hire external credit operation with the Hungarian Foreign Trade Company and Employees for Export (Agroinvest), worth US$ 2, 418, 000.00 (two million, four hundred and dezoths a thousand U.S. dollars), pursuant to the 5º Term Additive to the Contract authorized by Resolution No. 11, 1993, rectified by Resolution No. 57, of 1993, both of the Federal Senate.

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

I-borrower: San Francisco Valley Development Company ;

II-guarantor: Federative Republic of Brasi ;

III-creditor: Hungarian Company of Foreign Trade and Businesses For Export (Agroinvest) ;

IV-value of the addition: US$ 2, 418, 000.00 (two million, four hundred and dezoths U.S. dollars) ;

V-interest and conditions of payment: the vigors in the original contract ;

VI-purpose: resources will be earmarked for consultancy (technical advising and technology transfer) in the Coopecentre Projects and Biotechnology Station-Transplant Embryos Centre.

Art. 3º It is the Union authorized, in the terms of art. 52, inciso V, of the Federal Constitution and of Resolution No 96 of 1989, reinstated by Resolution No 17 of 1992, both of the Federal Senate, to grant guarantee to the credit operation referred to in art. 2º, with dispensation from the offer of contragarantia by the San Francisco Valley Development Company (Codevasf).

Art. 4º Beforehand to the formalization of the contractual instrument, it should be forwarded to the Office of the National Treasury to substantiate the supplementation of the respective budget claims requested by Codevasf.

Art. 5º The authorisation granted by this Resolution should be exercised within five hundred and forty days, counted from the date of its publication.

Art. 6º This Resolution shall enter into force on the date of its publication.

FEDERAL SENATE, on May 17, 2000.

senator geraldo melo

First VICE-THE PRESIDENT OF THE FEDERAL SENATE, in the exercise of the President's Office