Provisional Measure No. 120, 11 June 2003

Original Language Title: Medida Provisória nº 120, de 11 de Junho de 2003

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now for only USD$40 per month.

PROVISIONAL MEASURE NO. 120, OF June 11, 2003.

Altera the art. 16 of the Provisional Measure no 2.181-45 of August 24, 2001, which has on financial transactions between the National Treasury and the entities it mentions, and gives other arrangements

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

Art. 1º The art. 16 of the Provisional Measure no 2.181-45, of August 24, 2001, passes the vigour with the following essay:

" Art. 16. It shall be the Union authorised, until December 31, 2003, to acquire from the States and the Federal District credits relating to compulsory government participation in the modalities of royalties, special holdings and financial compensation, concerning to the exploitation of water resources for the purposes of electrical energy, oil and natural gas.

............................................................................ " (NR)

Art. 2º This Interim Measure shall come into force on the date of its publication.

Brasilia, June 11, 2003; 182º of Independence and 115º of the Republic.

LUIZ INACIO LULA DA SILVA
Antonio Palocci Filho