I get to know that the Federal Senate has approved, and I, Jader Barbalho, President, in the terms of art. 48, item 28, of the Internal Rules, promulgated the following

R E S O L U Ç O

N ° 6, DE 2001

Authorizes the State of the Ceará to hire external credit operation, with guarantee from the Federative Republic of Brazil, at the equivalent value of US$ 90,000,000.00 (ninety million U.S. dollars), together with the International Bank for Reconstruction and Development? Bird, intended to finance, partially, the Quality Improvement Project of Basic Education in the State of Ceará.

The Federal Senate resolves:

Art. 1 ° It is the state of the authorized Ceará, in the terms of the art. 52, V, of the Federal Constitution, and of Resolution No. 78, of 1998, of the Federal Senate, to hire external credit operation, with a guarantee of the Federative Republic of Brazil, with the International Bank for Reconstruction and Development? Bird, at the value equivalent to US$ 90,000,00.00 (ninety million U.S. dollars).

Single paragraph. The resources referred to in the caput will be earmarked for the partial funding of the Basic Education Quality Improvement Project in the State of Ceará.

Art. 2 ° It is the authorized Union, pursuant to Resolution No. 96, of 1989, reinstated by Resolution No. 17, 1992, both of the Federal Senate, to be granted guarantee to the credit operation mentioned in the art. 1 °.

Art. 3 As a precondition for the contracting of the credit operations of which it treats this Resolution, the following pendences should be solved:

I? contract formalization of contragarantia with the Union;

II? attestation of budget endowment relatively to 2001;

III? attestation of the adimplence of the state, its authorities and state-owned enterprises, dependent on the Union and the entities of the federal public sector, the content of the art. 40 of the Supplementary Act No. 101, of May 4, 2000; and

IV? certification of fulfilment of the preconditions to the first disbursement.

Art. 4 ° The credit operation mentioned in the art. 1 ° presents the following financial characteristics:

I? intended value: equivalent to US$ 90,000,000.00 (ninety million U.S. dollars-wealthy U.S. dollars);

II? loan modality: basket of currencies;

III? deadline: 180 (one hundred and eighty) months;

IV? deficiency: 66 (sixty-six) months, from the disbursement;

V? amortization: 20 (twenty) semester, equal and consecutive installments, worth US$ 4,500,000.00 (four million and five hundred thousand U.S. dollars), winning? if the first one on February 15, 2006 and the last one no later than August 15 of 2015;

VI? interest: required semester, on February 15 and August 15 each year, calculated on the basis of the Bank's catchment cost for qualified loans ascertained during the six months prior to the respective maturities, plus a margin of 0.75% (seventy and five hundreths per cent);

VII? commission in sight: 1% (one percent) sacked from the loan account after the signing of the contract;

VIII? commission of appointment: 0.75% a.a. (seventy-five hundrths per cent a year), on the undisbursed balance of the loan, entering into force sixty days after the signing of the contract, required semiannually on the same dates as the interest payment.

Art. 5 ° The authorization granted by this Resolution is to be exercised within five hundred and forty days, counted from the date of its publication.

Art. 6º This Resolution comes into effect on the date of its publication.

Federal Senate, on May 16, 2001

SENATOR JADER BARBALHO

President of the Federal Senate