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 Internal Rules, promulgated the following

RESOLUTION NO. 33, OF 2014

Authorizes the Federal District to hire external credit operation, with guarantee from the Federative Republic of Brazil, with the Inter-American Development Bank (BID), worth up to US$ 31,997,000.00 (thirty-one million, nine hundred and ninety and seven thousand U.S. dollars).

The Federal Senate resolves:

Art. 1º It is the Federal District authorized to hire external credit operation, with guarantee from the Federative Republic of Brazil, with the Inter-American Bank of Development (BID), worth up to US$ 31,997,000.00 (thirty and one million, nine hundred and ninety and seven thousand U.S. dollars).

Paragraph single. The proceeds of the operation are intended for the partial funding of the "Federal District's Farm Development Program (Prodefaz)".

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

I-debtor: Federal District;

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

III-guarantor: Federative Republic of Brazil;

IV-value: up to US$ 31,997,000.00 (thirty and one million, nine hundred and ninety and seven thousand U.S. dollars);

V-modality: flexible financing mechanism;

VI-disbursement: in consecutive installments, being the first in 2014 and last in 2018, according to timeframe to be set out in contract;

VII-deficiency: 66 (sixty-six) months;

VIII-amortization: in 174 (one hundred and seventy four) months, in 30 (thirty) semestral benefits, consecutive ones and, to the extent possible, equal, winning the first 66 (sixty-six) months after the signing of the contract;

IX-interest: rate Libor quarterly, increased margin for outstanding ordinary capital loan on the date of the Libor-based interest rate determination quarterly;

X-conversion: the borrower will be able to request, with the prior annuence of the guarantor, currency conversion or interest rate conversion, at any time during the duration of the contract;

XI-commission of credit: will be paid as set out in contract, and may not, in any hypothesis, be higher than 0.75% a.a. (seventy five hundreths per cent per year).

Single paragraph. The payment dates of the principal, the financial charges and the expected disbursements will be able to be changed depending on the date of signing of the loan agreement.

Art. 3º It is the Federative Republic of Brazil authorized to grant assurance to the Federal District in the operation of external credit referred to in this Resolution.

Single paragraph. The authorization provided for in the caput is conditioned:

I-to the conclusion of contract of granting of countermeasures between the Federal District and the Union, in the form of linking the quotas of participation of the Federal District in the Union's fundraising, according to the established in the art. 157, in the incisos I and II of the art. 158 and in the incisos I, points ("a" and "b", and II of the art. 159 of the Federal Constitution, as well as of the own revenues to which the arts are referred. 155 and 156, also of the Federal Constitution;

II-to the attestation of the situation of addedness of the obligations of the Federal District with the Union and its controlled entities; and

III-ao compliance with the preconditions to the first disbursement.

Art. 4º The maximum term for the exercise of the present authorisation is 540 (five hundred and forty) days, counted from the duration of this Resolution.

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

Federal Senate, on September 3, 2014

Senator RENAN CALHEIROS

President of the Federal Senate