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 63, DE 2013

Authorizes the State of Rio de Janeiro to hire external credit operation, with Union guarantee, with the International Bank for Reconstruction and Development (Bird), in the total value of up to US$ 48,000,000.00 (forty eight million 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), in the total value of up to US$ 48,000,000.00 (forty-eight million dollars Americans).

Single Paragraph. The features advindirect of the external credit operation referred to in the caput are intended for the partial funding of the "Promanagement II Program".

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: US$ 48,000,000.00 (forty-eight million U.S. dollars) ;

V-modality: loan with variable margin (variablespread loan) ;

VI-deadline of disbursement: 5 (five) years, counted from the duration of the contract ;

VII-amortization: 41 (forty-one) semi-annual and consecutive plots, being the 40 (forty) first of equal values, paid on May 15 and on November 15 ; it is estimated that the former will win on May 15, 2018, and the latter, on May 15, 2038 ;

VIII-interest: required semester, calculated based on the Libor semiannual for U.S. dollar and increased from a (spread) margin, to be determined by the Bird every fiscal exercise ;

IX-funding commission: 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 ;

X-interest arrears: 0.50% a.a. (fifty hundredths per year), plus interest due and not yet paid ; accrued 30 (thirty) days after the expected date for payment of interest shall be the debtor in arrears.

§ 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 debtor, already duly authorized by this Resolution, with the formal consent of the guarantor, observed the time limits, amounts and other conditions stipulated in the loan contract, exercise the option of conversion for a fixed interest rate, part or all of the debtor balances subject to the interest rate based on Libor, or any other option accepted by the Bank, including the hiring of ceiling or interest rate range, as well as of the currency of the disbursement or all or part of the debtor balance, in non-borrower country currency or in a local currency that the Bank can broker efficiently.

§ 3º For the exercise of the option referred to in § 2º, the collection of the costs incurred by the Bird in its realization shall be authorized.

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

§ 1º The authorization provided for in the caput is conditional upon the State of Rio de Janeiro to contract with the Union for the concession of contragarantias, in the form of linking of the revenue provided for in 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 retain the necessary resources for coverage of the commitments honoured directly from the centralizing accounts of the State's State's fundraising. Rio de Janeiro or federal transfers.

§ 2º Previously on the signing of the contract, the Ministry of Finance will verify and attest to the adimation of the State of Rio de Janeiro 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 the duration of this Resolution.

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

Federal Senate, on December 17, 2013

Senator RENAN CALHEIROS

President of the Federal Senate