I do know that the FEDERAL SENATE has approved, and I, Antonio Carlos Magalhães, President, in the terms of the art. 48, item 28, of the Internal Regime, promulgated the following

RESOLUTION NO. 68, OF 2000.

Authorizes the State of Bahia to hire sterno credit operation, with guarantee from the Union, with International Bank for Reconstruction and Development-Bird, worth US$ 69, to 600, 000.00 (sixty-nine million six hundred thousand U.S. dollars).

THE FEDERAL SENATE

resolves:

Art. 1º Is the State of Bahia authorized to hire external credit operation, with a guarantee of Union, with the International Bank for Reconstruction and Development-Bird, worth US$ 69, to 000, 000.00 (sixty-nine million and six hundred thousand dollars Americans).

Single paragraph. The proceeds from the external credit operation referred to in this article are intended for the partial funding of the Bahia State Education Project-Bahia Project.

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

I-creditor: International Bank for Reconstruction and Development-Bird:

II-guarantor: Federative Republic of Brazil;

III- value: equivalent to up to 69, to 600, 000.00 (sixty-nine million and six hundred thousand U.S. dollars), to be disbursed in three years;

IV-term: one hundred and eighty months, with sixty six months disbursed in Three years;

V-loan modality: basket of currencies;

VI-interest: required semester, calculated on the basis of the Bank's capping cost for qualified loans ascertained during the six months prior to the respective maturities, increased by a margin of 0.75% (seventy-five hundrths per cent);

VII-commission of commitment: 0.75% a.a. (seventy-five hundredth percent a year) on the undisbursed balance of the loan, payable annually;

VIII-commission in sight: 1% (one percent) balcony of the loan account after the signing of the Contract;

IX-amortization: twenty semiannual, equal and consecutive installments, winning the first one in 1º July 2015, one hundred and eighty days after the date of the last disbursement.

Art. 3º Is the Union authorized to grant guarantee to the State of Bahia in the external credit operation referred to in the art. 1º of this Resolution.

Single paragraph. The authorization provided for in the caput is conditioned on which the State of Bahia binds, as contragarantiated to the Union, the constitutional transfers of tax revenues to which it does jus, supplemented by its own revenues, upon contragarantia contract formalization with automatic debit mechanism in current account.

Art. 4º The authorization granted by this Resolution is to be exercised within the maximum of five hundred and forty days, counted from its publication.

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

FEDERAL SENATE, on December 15, 2000.

Senator

ANTONIO CARLOS MAGALHÃES

President