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United States Senate Resolution No. 56, 04 December 2013

Original Language Title: Resolução do Senado Federal nº 56, de 04 de dezembro de 2013

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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 56, DE 2013

Authorizes the State of Acre to hire external credit operation, with Union guarantee, with the International Bank for Reconstruction and Development (Bird), worth up to US$ 250,000,000.00 (two hundred and fifty million dollars Americans).

The Federal Senate resolves:

Art. 1º It is the State of the Acre authorized to hire external credit operation, with Union guarantee, with the International Bank for Reconstruction and Development (Bird), worth up to US$ 250,000,000.00 (two hundred and fifty million dollars northeAmericans).

Single Paragraph. The proceeds of this credit operation are intended for the "Acre State Public Policy Development Program".

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

I-dever: State of the Acre ;

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

III-guarantor: Federative Republic of Brazil ;

IV-value: up to US$ 250,000,000.00 (two hundred and fifty million U.S. dollars) ;

V-modality: variable margin (variable spread loan) ;

VI-amortization: in 42 (forty-two) semester plots, successive, paid on May 15 and on November 15 of each year, estimating that the former will be paid on the date of May 15, 2019, and the latter, on November 15 of 2039 ;

VII-interest: required semester on the same repayment dates of amortization and calculated on the periodic debtor balance of the loan, at a rate comprised of the interest rate Libor semiannual to U.S. dollar, increased from a variable margin to be defined by the Bird to each fiscal exercise ;

VIII-commission in sight: 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 of the debtor.

§ 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, upon formal solicitation to the creditor, observed the deadlines and minimum amounts required in the loan contract, exercise the option of conversion of the fee of interest applied to the partial or total amount of the loan, from float to fixed or vice versa, of establishment of ceilings and bands for fluctuating interest rate and change of the reference currency of the credit operation for the amount already disbursed and disbursing, including for the local currency.

§ 3º For the exercise of the option referred to in § 2º, the charging of a transaction commission by the Bird is authorized.

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

§ 1º The exercise of the authorization provided for in the caput is conditional upon the State of the Acre to 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, in accordance with § 4 ° of the art. 167, all of the Federal Constitution, and other guarantees in accepted law, and the Federal Government may apply for the transfers of resources required to cover the commitments honoured directly from the centralizing accounts of the fundraising of the state or federal transfers.

§ 2º Previously on the signing of the contract, the Ministry of Finance will verify and attest to the Acre State's adimation as to the payments and accounts of accounts of which it treats art. 10 of the resolution of the Federal Senate No 48, 2007.

Art. 4º The maximum period for the exercise of this authorisation shall be 540 (five hundred and forty) days, counted from this Resolution's defiance.

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

Federal Senate, on December 4, 2013

Senator RENAN CALHEIROS

President of the Federal Senate