I do know that the Federal Senate has approved, and I, Marconi Perillo, 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 And S O L U Ç O Ç

No. 17, DE 2009

Authorizes the State of Amazonas to hire external credit operation, with Union guarantee, with the Inter-American Bank of Development (BID), worth up to US$ 77,000,000.00 (seventy and seven million U.S. dollars).

The Federal Senate resolves:

Art. 1º It is the State of Amazonas allowed to hire external credit operation, with guarantee from the Union, with the Inter-American Development Bank (BID), in the value of up to US$ 77,000,000.00 (seventy and seven million U.S. dollars).

§ 1º The resources of this credit operation are intended for the supplemental funding of the "Environmental Partner Program of the Igarapés of Manaus-Prosamin I".

§ 2º Up to 30 (thirty) days beforehand to the first disbursement, the State of Amazonas should confirm the option by the interest rate, and it may be changed to the modality based in the cost of the ordinary capital of the BID.

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

I-debtor: State of Amazonas;

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

III-guarantor: Federative Republic of Brazil;

IV-value: up to US$ 77,000,000.00 (seventy and seven million U.S. dollars);

V-modality: loan from the Unimonetary Mechanism with Libor-based Interest Rate;

VI-deadline of disbursement: 3 (three) years, counted from the duration of the contract;

VII-amortization: semi-annual and consecutive plots of values as much as possible equals, paid in the days 20 of the months of March and September each year, winning the first 3 (three) years after the signing of the contract and the last, no later than 25 (twenty five) years after the signing of the contract;

VIII-interest: required semester on the same repayment terms of amortization and calculated on the debtor balance journal of the loan, at an annual rate for each quarter comprised of Libor quarterly to U.S. dollar, plus or minus a cost margin related to the loans that finance the Libor modality loans, plus net worth of any cost or profit generated by operations to mitigate the fluctuations of Libor and plus the margin for loans of the ordinary capital;

IX-credit commission: up to 0.75% a.a. (seventy-five hundred percent a year) on the undisbursed balance of the loan, required together with the interest, going into effect 60 (sixty) days after the signing of the contract;

X-expenses with inspection and general supervision: by current policy decision, the BID will not charge amount to meet expenses with inspection and general supervision. By periodic review of its policies, the Bank shall notify the borrower a value due in a given semester, which may not be more than 1% (one percent) of the financing, divided by the number of semesters understood in the original term of disbursements.

Single paragraph. The payment dates of the principal and the financial charges, as well as the expected disbursements, may 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 Amazonas in the contracting of the credit operation external referred to in this Resolution.

Single paragraph. The exercise of the permit provided for in the caput is conditional on the State of Amazonas to conclude contract with the Union for the granting of countermeasures, in the form of linking the revenue of which they treat the arts. 155, 157 and 159, 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 state fundraising or federal transfers.

Art. 4º The maximum deadline for the exercise of this authorization is 540 (five hundred and forty) days, counted as of the duration of this Resolution.

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

Federal Senate, on June 20, 2009.

Senator Marconi Perillo

First Vice President of the Senate

Federal, in the exercise of the Presidency