I get to know that the Federal Senate has approved, and I, Renan Calheiros, President, in the terms of art. 48, inciso XXVIII, of the Rules of Procedure, promulgated the following

R E S O L U Ç Ã § 24, DE 2013

Authorizes the State of the Acre to hire external credit operation, with guarantee of the Union, with the Bank Inter-American Development (BID), worth up to US$ 72,000,000.00 (seventy and two million U.S. dollars).

The Federal Senate resolves:

Art. 1º It is the State of the Acre authorized to hire external credit operation, with a guarantee of the Union, with the Inter-American Development Bank (BID), worth up to US$ 72,000,000.00 (seventy and two million U.S. dollars).

Single paragraph. The proceeds from this credit operation are intended to finance the "Sustainable Development Programme of the Acre-PDSA-Phase II".

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

I-debtor: State of the Acre;

II-creditor: Inter-American Development Bank (BID);

III-guarantor: Federative Republic of the Brazil;

IV-value: up to US$ 72,000,000.00 (seventy-two million U.S. dollars);

V-modality: loan with interest rate based on Libor;

VI-deadline of disbursement: up to 5 (five) years, counted from the duration of the loan agreement;

VII-amortization: semi-annual installments, consecutive and, as far as possible, equal, winning the first after transcurring 5 (five) years and 6 (six) months, and the last, 25 (twenty-five) years, both deadlines counted from the contract signing date;

VIII-interest: on the daily debtor balances, and, while no conversion has been effective, to a annual fee for each quarter determined by the BID and comprised of the interest rate Libor quarterly to U.S. dollar, more or less the cost of capturing the BID, plus a margin (spread) for loans of the ordinary capital, the first payment should occur after 6 (six) months, counted from the duration of the contract;

IX-credit commission: to be set up periodically by the BID, calculated on the undisbursed balance of the financing and required together with interest, entering into force 60 (sixty) days after the signing of the contract, being that, under no assumption, will exceed the 0.75% percent a.a. (seventy-five hundred percent a year);

X-expenses with general inspection and supervision: the value due in a given semester could not be more than 1% (one percent) of the funding, divided by the number of semesters understood within the original period of disbursements.

§ 1º The payment dates of the principal, the financial charges and the expected disbursements may be changed depending on the date of signing of the contract of loan.

§ 2º It is allowed to the borrower, with the formal consent of the guarantor, observed the minimum deadlines and amounts required in the loan contract, exercise the conversion option for a fixed interest rate, of part or of the totality of the debtor balances subject to the interest rate based on the Libor, or any other option accepted by the Bank, as well as from the currency of the disbursement or the whole or part of the debtor balance, to non-borrower country currency or to a local currency that the Bank can efficiently broker.

§ 3º For the exercise of the options referred to in § 2º, the collection of the costs incurred by the BID is authorised.

Art. 3º It is the Union authorized to provide guarantee to the State of the Acre in the contracting of the external credit operation referred to in this Resolution.

§ 1º The exercise of the authorization provided for in the caput is conditioned to which the State of the Acre celebrates contract with the Union for the granting of against guarantees, in the form of binding on the revenue of which they treat the arts. 155, 157 and 159, in the terms of § 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.

§ 2º Previously to the signing of the contract, the Ministry of Finance will check and attest to the Acre State's addedness as to the payments and benefits of accounts of which it treats art. 10 of the Federal Senate Resolution No. 48, of 2007, as well as the fulfilment of the preconditions to the first disbursement.

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 June 28, 2013.

Senator RENAN CALHEIROS

President of the Federal Senate