I do know that the Federal Senate has approved, and I, José Sarney, President, in the terms of art. 48, inciso XXVIII, of the Internal Rules, promulgated the following

R E S O L U Ç Ã ° 30, DE 2009

Authorizes the Government of the State of Paraíba to hire external credit operation, with Union guarantee, with the International Bank for Reconstruction and Development (Bird), worth up to US$ 20,900,000.00 (twenty million and nine hundred thousand U.S. dollars).

The Senate Federal resolve:

Art. 1º It is the Government of the State of Paraíba authorized to hire external credit operation, with a guarantee from the Union, with the International Bank for Reconstruction and Development (Bird), worth US$ 20,900,000.00 (twenty million and nine hundred thousand U.S. dollars).

Paragraph single. The features of this credit operation are intended for the partial funding of the State Rural Poverty Reduction Project of the State of Paraíba-PRPR/Cooperate.

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

I-debtor: Government of the State of the Paradba;

II-creditor: International Bank for Reconstruction and Development (Bird);

III-guarantor: Federative Republic of Brazil;

IV-value: up to US$ 20,900,000.00 (twenty million and ninety thousand U.S. dollars);

V-modality: borrowing in Modality Fixed Margin (Fixed Spread Loan);

VI-deadline of disbursement: until June 28, 2013;

VII-amortization: semestral and successive plots, of values as much as possible equals, paid in days 15 of the months of March and September each year, winning the first on March 15, 2013 and the last one on September 15, 2027; each of the parcels will correspond to 3.33% (three integers and thirty-three hundrst percent) of the total loan value, and the last one at 3.43% (three integers and forty-three hunduths per cent);

VIII-interest: required semester on the same dates of repayment of the amortization and calculated on the periodic debtor balance of the loan, at a rate composed by the Semestral Libor to U.S. dollar, plus a spread to be determined by Bird a each exercise and fixed on the date of signing of the contract;

IX-interest of mora: 0.5% a.a. (five tenths per cent per year) plus interest due and still unpaid;

X- spot commission (Front-end fee): 0.25% (twenty-five hundred percent) on the total value of the loan, to be debited on the date the contract enters into effectivity.

Paragraph single. 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 Government of Paraíba in the contracting of the operation of external credit referred to in this Resolution.

Single paragraph. The exercise of the permit provided for in the caput is conditional on the State Government of the Paraíba to conclude contract with the Union for the granting of against guarantees, in the form of binding on the revenue of which they treat the arts. 155157 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 fundraising from the State of Paraíba or federal transfers.

Art. 4º The deadline maximum for the exercise of this authorization 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 October 7, 2009.

Senator Jose Sarney

President of the Federal Senate