Law No. 10856, 5 April 2004

Original Language Title: Lei nº 10.856, de 5 de Abril de 2004

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LEI NO. 10,856, OF April 5, 2004

Extins the Board Director of the Export Guarantee Fund-CFGE, changes devices from Law No. 9,818, from 23 of August 1999, and gives other arrangements.

THE PRESIDENT OF THE REPUBLIC

I do know that the National Congress decrees and I sanction the following Law:

Art. 1º Stay extinct, the from 1º January 2004, the Board Director of the Export Guarantee Fund-CFGE, created by Law No. 9,818, of August 23, 1999.

Art. 2º The arts. 2º, 7º and 8º of Law No. 9,818, 1999, go on to invigorate with the following amendments:

" Art. 2º .......................................................................

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§ 3º The actions linked to the FGE will be deposited in its governing body.

§ 4º Of the proceeds from the sale of the shares transferred to FGE, part will constitute liquidity reserve, under the conditions set by the Board of Foreign Trade-CAMEX, of the Council of Government, observed the regulation to be edited by the Executive Power, and the rest will be applied in federal public securities, with early rescue clause. " (NR)

" Art. 7º Compete for CAMEX to define, observed the regulation to be edited by the Executive Power:

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

" Art. 8º Compete to the FGE manager body, observed the determinations of CAMEX:

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II-apply the financial availabilities of the FGE, ensuring the same rate of remuneration for the availabilities of the FGE manager organ;

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IV-proceed to the divestments of the shares, as long as expressly authorized by CAMEX, observed the regulation to be edited by the Executive Power.

Single paragraph. The Executive Power shall indicate, upon decree, the governing body of the FGE. " (NR)

Art. 3º CAMEX will exercise the competencies of regulating the activities of providing guarantees provided for in Law No. 9,818, of 1999.

Art. 4º It is repealed the art. 6º of Law No. 9,818, of August 23, 1999.

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

Brasilia, April 5, 2004; 183º of Independence and 116º of the Republic.

LUIZ INACIO LULA DA SILVA

Antonio Palocci Filho

Luiz Fernando Furlan