United States Senate Resolution No. 15, Of 20 July 2009

Original Language Title: Resolução do Senado Federal nº 15, de 20 de julho de 2009

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Do I know that the Senate approved, and I, Marconi Perillo, first Vice-President of the Senate, in the exercise of the Presidency, pursuant to art. 48, paragraph XXVIII, the internal regulations, enact the following R E S O L U t I O N° 15, 2009 authorizes the Federal District to hire external credit operation, with guarantee of the Union with the International Bank for reconstruction and development (IBRD), worth up to $ 130,000, 000.00 (130 million u.s. dollars).
The Senate resolves: Art. first is the Federal District authorized to hire external credit operation, with guarantee of the Union with the International Bank for reconstruction and development (IBRD), worth up to $ 130,000, 000.00 (130 million u.s. dollars).
Sole paragraph. The features of credit operation are intended for partial funding? Programme for the modernisation of the public administration of the GDF-GDF Management?.
Art. 2 the credit operation referred to in art. 1st should be conducted under the following conditions: (I)-debtor: Distrito Federal;
II-creditor: International Bank for reconstruction and development (IBRD);
III-guarantor: Federative Republic of Brazil;
IV-value: up to $ 130,000, 000.00 (130 million u.s. dollars);
V-mode: mode Fixed Margin loan (Fixed Spread Loan);
I saw a period of disbursement: up to 36 (36) months;
VII-depreciation: consecutive semi-annual installments, as far as possible equal value, paid at the 15 day of the months of March and September each year, winning the first in 15 September 2012 and the last on March 15 of 2032;
VIII-interest: required semi-annually, and calculated on the outstanding balance of the loan, the periodical a compound annual rate for six-month Libor for USD, plus a fixed margin charged by the Bird;
IX-interest: up to 0.5% p.a. (five tenths by 100 per year) in addition to the contracted index;
X--front-end fee: 0.25% (twenty-five cents per 100) on the total value of the loan.
Sole paragraph. The main payments dates and financial burdens, as well as disbursements referred to, can be modified on the basis of the date of signature of the loan contract.
Art. third is the Union authorized to grant the Federal District guarantee in the hiring of external credit operation referred to in this resolution.
Sole paragraph. The authorization referred to in the caput is conditioned to the Federal District celebrates Union contract for the provision of counter-guarantees in the form of binding that deal with the arts. 155 156 157 158,,, and 159, all of the Federal Constitution, and other guarantees in law permitted the Federal Government to require transfers of resources to cover the commitments honored directly towards centralization of collection accounts do Distrito Federal or federal transfers.
Art. 4 the maximum time limit for the exercise of this authorization shall not exceed 540 (540) days, counted from the validity of this resolution.
Art. 5 this decision shall enter into force on the date of its publication.
Senate, on 20 July 2009.

Senator Marconi Perillo first Deputy President of the Senate, in the exercise of the Presidency

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