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I do know that the Federal Senate has approved, and I, Renan Calheiros, President, in the terms of art. 48, inciso XXVIII, of the Internal Rules, promulgated the following
R E S O L U Ç Ã ° 26, DE 2006
Authorizes the State of the Ceará to hire external credit operation, with Union warranty, with the International Bank for Reconstruction and Development-Bird, worth up to US$ 37,500,000.00 (thirty-seven million and five hundred thousand U.S. dollars).
The Federal Senate resolves:
Art. 1º It is the State of Ceará authorized to hire credit operation external, with Union warranty, with the International Bank for Reconstruction and Development-Bird, worth up to US$ 37,500,000.00 (thirty-seven million and five hundred thousand U.S. dollars).
Paragraph single. The advinted proceeds from the credit operation referred to in the caput are intended for the additional funding of the Ceará-PCPR II State Rural Poverty Alleviating Project.
Art. 2º The credit operation referred to in art. 1º should be carried out in the following conditions:
I-debtor: State of Ceará;
II-creditor: International Bank for Reconstruction and Development-Bird;
III-guarantor: Federative Republic of Brazil;
IV-value: up to US$ 37,500,000.00 (thirty-seven million and five hundred thousand U.S. dollars);
V-deadline of disbursement: up to June 30, 2009;
VI-amortization: 24 (twenty-four) semi-annual and consecutive plots, with maturities from July 15, 2011 to 15 of July 2022, corresponding to each of the 23 (twenty-three) first installments at 4.17% (four integers and seventeen hundreth percent) of the disbursed value and the last installment at 4.09% (four integers and nine hunduths per cent);
VII-interest: required semestally on January 15 and July 15 each year, calculated on the Periodic debtor balance of the Loan, at an annual rate composed of Libor of 6 (six) months for U.S. dollar, plus a spread (margin) to be fixed on the contract signing date;
VIII-commission of commitment: 0.85% a.a. (eighty-five hundred percent a year) on the undisbursed balances of the loan, required semiannually on the same interest payment dates, coming into effect 60 (sixty) days after the signing of the contract, up to the fourth year of its entry into force, and 0.75% a.a. (seventy-five hunduths per cent a year) onwards, applying for discount of 0.50% a.a. (fifty centieth per cent a year) for the fiscal year 2006;
IX-commission in sight: 1.0% (one percent) on the total loan amount, to be debited from the Loan Account on the date of the contract's effectiveness, applying for 0.75% a.a. (seventy five hundthths per cent per year) for the fiscal year 2006.
Single paragraph. The payment dates of the principal and the financial burden could be changed depending on the date of signing of the loan agreement.
Art. 3º It is the Union authorized to grant assurance to the State of Ceará in the external credit operation referred to in this Resolution.
Paragraph single. The exercise of the authorisation provided for in the caput is conditional on the State of the Ceará to conclude contract with the Union for the granting of countermeasures, in the form of linking the own revenues of which it treats the art. 155, of the revenue sharing quotas of which they treat the arts. 157 and 159, all of the Federal Constitution, and others in law admitted, and may the Federal Government apply for the transfers of resources necessary for coverage of the honorable commitments, directly from the centralizing accounts of the fundraising State.
Art. 4º To this Resolution does not apply the provisions of the art. 15 of Resolution No. 43, 2001, of the Federal Senate.
Art. 5º The permission granted by this Resolution should be exercised within the maximum period of 540 (five hundred and forty) days, counted from its publication.
Art. 6º This Resolution goes into effect on the date of its publication.
Federal Senate, on July 4, 2006.
Senator Renan Calheiros
President of the Federal Senate