I make it known that the Federal Senate has approved, and I, Edison Lobão, First Vice President, in the exercise of the Presidency, in the terms of the art. 48, inciso XXVIII, of the Rules of Procedure, promulgated the following

RESOLUTION N. 62? DE 2002

Authorizes the Federative Republic of Brazil to hire operation of external credit with the Inter-American Development Bank (BID), worth up to US$ 5,000,000.00 (five million U.S. dollars), targeting the resources to be partially funded the Diversity Programme in the University.

The Federal Senate resolves:

Art. 1º It is the Federative Republic of Brazil authorized, pursuant to Resolution 96, 1989, reinstated by the Resolution No. 17, 1992, both of the Federal Senate, to hire external credit operation with the Inter-American Development Bank (BID), worth up to US$ 5,000,000.00 (five million U.S. dollars), targeting resources to be finance, partially, the Diversity Programme at the University.

Art. 2º Are the financial conditions of the external credit operation to which the art refers. 1º:

I? debtor: Federative Republic of Brazil ;

II? creditor: Inter-American Development Bank (BID) ;

III? value: up to US$ 5,000,000.00 (five million U.S. dollars) ;

IV? purpose: to finance, partially, the Diversity Project at the University ;

V? disbursement deadline: up to 3 (three) years ;

VI? amortization: semiannual, consecutive and approx-equal plots, winning the first 6 (six) months from the expected date for the final disbursement and the last until March 15, 2022, subject to change in function of date of signature ;

VII? interest: semiannually required, calculated on the basis of the cost of caption of the Inter-American Development Bank (BID), corresponding to the rate for Qualified Unimonetary Loans ascertained during the 6 (six) months prior to the respective maturities, plus a reasonable margin expressed in terms of the annual percentage, and should be paid along the Contract in the days 15 of the months of September and March, save changes on the expected date ;

VIII? credit commission: required semestetionally on the same dates of payment of interest and calculated on the basis of the rate of 0.75% a.a. (seventy five hundredths per cent a year) on the non-disbursed balance of the loan, entering into force 60 (sixty) days after signing of the Contract ;

IX? features for general inspection and supervision: US$ 50,000.00 (fifty thousand U.S. dollars), disbursed in quarterly instalments, as much as possible.

Art. 3º The authorisation granted by this Resolution is to be exercised within the maximum period of 540 (five hundred and forty) days, counted from the date of its publication.

Art. 4º The parties involved in the credit operation that it deals with art. 1º should, preliminarily to contractual formalizations, meet the following requirements:

I? compliance, by the Ministry of Education, of the following conditionalities:

a) verification of the equation of the budget forecast for the payment of charges of the operation in the exercise of 2003 ;

b) elaboration of the Operational Regulation approved by the BID ;

c) creation of the program executor unit with necessary and suitable personnel to operate it ;

II? recognition, by the Inter-American Development Bank (BID), of compliance, by the Ministry of Education, of the conditionalities to which the inciso I.

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

Federal Senate, on December 11, 2002

SENADOR EDISON LOBON

First Deputy Speaker of the Federal Senate, on the

exercise of the Presidency