Provisional Measure No. 2,042-6, 28 June 2000

Original Language Title: Medida Provisória nº 2.042-6, de 28 de Junho de 2000

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now for only USD$40 per month.

PROVISIONAL MEASURE NO 2.042-6, DE June 28, 2000.

Add device to Law No. 8,929 of August 22, 1994 establishing the Rural Product Cédule, and gives another provider.

THE PRESIDENT OF THE REPUBLIC, in the use of the attribution that confers you the art. 62 of the Constitution, adopts the following Interim Measure, with force of law:

Art. 1º Law No. 8,929 of August 22, 1994, passes the following additional article:

?Art. 4º-A. The financial settlement of the CPR is permitted to deal with this Act, provided that the following conditions have been observed:

I-which is explained, in your body, the references necessary to the clear identification of the price or price index to be used in the rescue of the title, the institution responsible for its ascertainment or disclosure, the square or the market of price formation and the name of the index ;

II-that the price indicators of which it treats the earlier incision is ascertained by optimal institutions and credibility with the contracting parties, have periodic disclosure, preferably daily, and wide dissemination or ease of access, so as to be easily available to the contracting parties ;

III-which is characterized by its name, followed by the expression?financial?.

§ 1º CPR with financial settlement is a net and certain title, required, on the date of its maturity, by the result of the multiplication of the price, ascertained in accordance with the criteria provided for in this article, by the quantity of the product specified.

§ 2º For collection of CPR with financial settlement, it's up to enforcement action for the right amount.? (NR)

Art. 2º It is authorized to equalize funding rates awarded by the National Economic and Social Development Bank-BNDES, for the modernization of the fleet of agricultural tractors and associated implements and harvesting, in the form of regulation lowered by the Executive Power.

Art. 3º Stay convalidated the acts practiced on the basis of the Provisional Measure No. 2.017-5 of June 8, 2000.

Art. 4º This Provisional Measure shall come into force on the date of its publication.

Art. 5º Revoga-if the Provisional Measure No. 2.017-5, June 8, 2000.

Brasilia, June 28, 2000 ; 179º of Independence and 112º of the Republic.

FERNANDO HENRIQUE CARDOSO

Pedro Malan

Marcus Vinicius Pratini of Moraes

Alcides Lopes Tacks