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United States Senate Resolution No. 10 Of 15 February 2000

Original Language Title: Resolução do Senado Federal nº 10, de 15 de fevereiro de 2000

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I do know that the FEDERAL SENATE has approved, and I, ANTONIO CARLOS MAGALHÃES, PRESIDENT, pursuant to art. 48, item 28 of the Internal Rules, promulgated the following:

RESOLUTION NO. 10, FROM 2000.

Authorizes the Prefecture of the Municipality of Belo Horizonte, State of Minas Gerais, to hire credit operation with the National Economic and Social Development Bank-BNDES, at the value of R$ 4,489,000.00 (four million, four hundred and eighty-nine thousand reais), receiving the resources for financing the modernization of the municipal tax administration.

THE FEDERAL SENATE resolves:

Art. 1º It is the Prefecture of the Municipality of Belo Horizonte, State of Minas Gerais, authorized, in exceptional character, to hire, together with the National Development Bank Economical and Social-BNDES, credit operation with the following characteristics:

I-value: R$ 4,489,000.00 (four million, four hundred and eighty and nine thousand reais);

II-rate of interest: 0.3274% a.m. (three thousand, two hundred and seventy-four tenths of thousandths per cent per month) above the Long-Term Interest Rate-TJLP;

III-update index: Rate of Long Term Interest TJLP;

IV-guarantees: quotas-parts of the Participation Fund of Municipalities-FPM;

V-term: forty-two monthly and successive plots, after eighteen months of carefing;

VI-expiration: until December 31, 2004;

VII-purpose: financing the modernization of the municipal tax administration;

VIII-release: exercises of 1999 and 2000;

IX-reserve commission of credito: 0.1% (one tenth per cent).

Art. 2º The contracting of the credit operation to which art relates. 1º shall take effect within the maximum period of two hundred and seventy days, counted from the date of publication of this Resolution.

Art. 3º This Resolution goes into effect on the date of its publication.

FEDERAL SENATE, on February 15, 2000.

Senator ANTÔNIO CARLOS MAGALHÃES

PRESIDENT OF THE FEDERAL SENATE

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