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 UNK No. 33, DE 2009

Authorizes the state of Rio de Janeiro to hire external credit operation, with Union warranty, with the International Bank for Reconstruction and Development (Bird), worth up to US$ 39,500,000.00 (thirty-nine million and five hundred thousand U.S. dollars).

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$ 39,500,000.00 (thirty-nine million and five hundred thousand U.S. dollars).

Single Paragraph. The proceeds of this credit operation are intended for the partial funding of the Sustainable Rural Development Project in Hydrographic Microbasins-Project River Rural.

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$ 39,500,000.00 (thirties and nine million and five hundred thousand dollars Americans) ;

V-modality: loan in Modality Variable Margin (Variable Spread Loan) ;

VI-deadline of disbursement: until November 30, 2015 ;

VII-amortization: each tranche of disbursement should be amortized in semi-annual installments, in the days 15 of the months of April and October each year, winning the first on 9ª (ninth) interest payment date of the respective tranche and the last in 46ª (quadrumsima sixth) date, respected the final date of April 15, 2039, being that each instalment will correspond to 1/38 of the disbursed amount, except the last one which should be equivalent to the remaining amount ;

VIII-interest: required semester on the same dates of payment of amortization and calculated on the periodic debtor balance of the loan, at an annual rate composed of the semi-annual interest rate for the U.S. dollar, plus a spread to be determined by Bird semester ;

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

X-commission in sight: 0.25% (twenty-five hundredths per cent) over the total value of the loan, the be debited on the date on which the contract comes into effect.

§ 1º It is made available to the borrower to change the borrowing of the loan in the variable margin modality to fixed margin, being authorized, if you exercise this option, use the risk cover products offered by Bird, conversion of currencies and interest rates, as well as the establishment of ceilings and interest rate fluctuation bands, with payment of commission to the said Bank.

§ 2ºThe dates of payments of the principal and financial charges as well as disbursements provided for, may be changed depending on the date of signing of the loan agreement.

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

Single Paragraph. The exercise of the authorization provided for in the caput is conditional upon the Government of Rio de Janeiro to enter into 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 the terms of art. 167, § 4º, 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 fundraiser from Rio de Janeiro state or federal transfers.

Art. 4º The maximum period for the exercise of this authorization is 540 (five hundred and forty) days, counted from the duration of this Resolution.

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

Federal Senate, on October 7, 2009.

Senator Jose Sarney

President of the Federal Senate