I get to 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 Ç Ã ° 61, DE 2013

Authorizes the Municipality of Rio de Janeiro to hire external credit operation, with guarantee of the Union, with the International Bank for Reconstruction and Development (Bird), worth up to US$ 16,200,000.00 (sixteen million and two hundred thousand U.S. dollars), of principal, intended to partially finance the "Rio de Excellence Project."

The Federal Senate resolves:

Art. 1º Is the Municipality of Rio de Janeiro authorized to hire external credit operation, with a guarantee of the Union, with the International Bank for Reconstruction and Development (Bird), worth up to US$ 16,200,000.00 (sixteen million and two hundred thousand U.S. dollars).

Single paragraph. The features of this credit operation are intended to partially finance the "Rio de Excellence Project."

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

I-debtor: Municipality of Rio de Janeiro;

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

III- guaranteed: Federative Republic of Brazil;

IV-value: up to US$ 16,200,000.00 (sixteen million and two hundred thousand U.S. dollars), of principal;

V-modality: loan with variable margin;

VI-amortization: in semi-annual instalments, consecutive and, where possible, equal, paid on the dates, in the percentage and under the conditions set out in the loan agreement;

VII-interest: required semester on the same repayment dates of the amortization and calculated on the periodic debtor balance of the loan on the basis of the Libor semestral rate for U.S. dollar, increased by a margin;

VIII-commission in sight: up to 0.25% (twenty-five hunduths per cent) on the total loan value, financed with loan proceeds;

IX-default interest: in addition to the expected and unpaid interest on up to 30 (thirty) days of the expected date for the your payment.

§ 1º The payment dates of the principal, the financial charges and the expected disbursements will be able to be changed depending on the date of signing of the loan agreement.

§ 2º It is allowed the debtor, already duly authorized by this Resolution, upon formal solicitation to the creditor and consent of the guarantor, observed the minimum time limits and amounts required in the loan contract, to exercise the option of conversion, to a fixed interest rate, of part or all of the debtor balances subject to the floating interest rate, and vice versa, and of the currency of the amount already disbursed and the disbursement of the loan, as well as to hire the establishment of ceilings and bands for the interest-rate fluctuation.

§ 3º For the exercise of the option referred to in § 2º, it is the Municipality of Rio de Janeiro authorized to pay a transaction commission to Bird.

Art. 3º It is the Union authorized to provide assurance to the Municipality of Rio de Janeiro in the contracting of the external credit operation referred to in this Resolution.

§ 1º The exercise of the authorization provided for in the caput is conditional on that the Municipality of Rio de Janeiro celebrates contract with the Union for the granting of contragaranties, in the form of linking the revenue of which they treat the arts. 156, 158 and 159, in accordance with § 4º of the art. 167, all of the Federal Constitution, and of other guarantees in law admitted, and the Federal Government may apply for the transfers of resources necessary for coverage of the commitments honored directly from the centralizing accounts of the State fundraising or federal transfers.

§ 2º Previously to the signing of the contract, the Ministry of Finance will check and attest to the adimplence of the Municipality of Rio de Janeiro as to the payments and installments of accounts that it treats art. 10 of the Federal Senate Resolution No. 48, of 2007, as well as the fulfilment of the preconditions to the first disbursement.

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

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

Federal Senate, on December 11, 2013

Senator RENAN CALHEIROS

President of the Federal Senate