I do know that the Federal Senate has approved, and I, Aníbal Diniz, First Vice President of the Federal Senate, in the exercise of the Presidency, in the terms of the art. 48, inciso XXVIII, of the Internal Rules, promulgated the following

R E S O L U Ç Ã ° 61, DE 2012

Authorizes the State of the Piauí to hire, with guarantee of the Federative Republic of Brazil, credit operation external with the International Agricultural Development Fund (Fida), worth up to SDR 12,770,903.00 (twelve million, seven hundred and seventy thousand, nine hundred and three special sawing rights), intended for the partial financing of the " Programme of Sustainable Development in the Semiarium-Viva the Semiarid ".

The Federal Senate resolves:

Art. 1º It is the state of the Piauí authorized to hire, with guarantee from the Federative Republic of Brazil, external credit operation with the International Agricultural Development Fund (Fida), worth up to SDR 12,770,903.00 (twelve million, seven hundred and seventy thousand, nine hundred and three special sawing rights).

Single paragraph. The resources coming from the credit operation referred to in the caput are intended for the partial funding of the "Sustainable Development Programme in the Semiarium-Viva the Semiarid".

Art. 2º The credit operation referred to in art. 1º should be carried out in the following conditions:

I-debtor: State of the Piauí;

II-creditor: International Agricultural Development Fund (Fida);

III-guarantor: Republic Federative of Brazil;

IV-value: up to SDR 12,770,903.00 (twelve million, seven hundred and seventy thousand, nine hundred and three special sawing rights);

V-disbursement time: 72 (seventy and two) months;

VI-amortization: in 180 (one hundred and eighty) months, being 30 (thirty) installments paid semestally, with maturity on May 15 and on November 15 each year;

VII-interest: the interest rate will be set semester by the Fida board.

§ 1º The payment of the principal and the interest will be effected in U.S. dollar.

§ 2º The payment dates of the principal, the financial charges and the forecasted disbursements may be changed depending on the date of signing of the loan agreement.

Art. 3º It is the Union authorised to grant guarantee to the State of the Piauí for the contracting of the external credit operation referred to in art. 1º of this Resolution.

Single paragraph. The exercise of the authorisation provided for in the caput is conditioned to that:

I-the State of the Piauí celebrates contract with the Union for the granting of countermeasures, in the form of linking the own revenues of which it treats the art. 155 and of the revenue sharing quotas of which they treat the arts. 157 and 159, combined with § 4º of the art. 167, all of the Federal Constitution, and other guarantees in law admitted, and the Federal Government may apply for the transfers of resources necessary for coverage of the honoured commitments directly from the centralizing accounts of the fundraising State or federal transfers;

II-the Ministry of Finance check and attest:

a) the situation of addedness of the secured one with the federal public administration and its controlled entities and how much to the payments and benefits of accounts of which it treats art. 10 of Resolution No. 48, of 2007, of the Federal Senate;

b) the fulfilment of the preconditions to the first disbursement, as per contractual clause.

Art. 4º The maximum period for the exercise of this authorization shall be 540 (five hundred and forty) days, counted from the duration of this Resolution.

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

Federal Senate, on December 13, 2012.

Senator ANIBAL DINIZ

First Vice President of the Senate Federal,

in the exercise of the Presidency