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. 2, OF 2014

Authorizes the State of Paraná to hire external credit operation, with guarantee from the Union, with the Inter-American Development Bank (BID), worth up to US$ 60,000,000.00 (sixty million U.S. dollars).

The Federal Senate resolves:

Art. 1º It is the State of Paraná authorized to hire external credit operation, with a guarantee of the Union, with the Inter-American Development Bank (BID), worth up to US$ 60,000,000.00 (sixty million U.S. dollars).

Paragraph single. The proceeds from the credit operation referred to in the caput are intended for the partial funding of the "Integrated Social Inclusion and Urbane Requalification-Paranaense Family Requalification Program".

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

I-debtor: State of Paraná;

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

III-guarantor: Federative Republic of Brazil;

IV-value: up to US$ 60,000,000.00 (sixty 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 contract;

VII-amortization: in semestral plots, successive, of values as much as possible equals, winning the first on May 15 or on November 15, to depend on the date of signing of the contract, the first of which is to be paid within 5 (five) years, and the last, at the end of 25 (twenty-five) years, both of which are counted from the date of signing the contract;

VIII-interest: will be required semestally and, while no conversion has been effective, calculated on the periodic debtor balances of the loan, at an annual rate for each quarter determined by the BID and made up of the interest rate Libor quarterly to U.S. dollar, plus or minus a margin related to the cost of caption of the BID that finances its loans, plus the margin (spread) for loans from the ordinary capital;

IX-credit commission: to be set up periodically by the BID, up to 0.75% a.a. (seventy-five hundred percent a year) on the undisbursed balance of the financing, required together with the interest and coming into effect 60 (sixty) days after the signing of the contract;

X-expenses with inspection and general supervision: in a given semester, the due value may not be greater than 1% (one percent) of the funding, divided by the number of semesters understood in the original disbursement term.

§ 1º The payment dates of the principal, the financial burden and the expected disbursements could be changed depending on the date of signing of the loan agreement.

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

§ 3º For the exercise of the option referred to in § 2º, it is authorised to collect the costs incurred by the BID in its realization, as well as the repass to the debtor of any gains arising from the conversion.

Art. 3º It is the Union authorized to provide assurance to the State of Paraná 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 conditional on that the State of Paraná celebrates contract with the Union for the granting of counterguarantees, in the form of linkage of the recipes of which they treat the arts. 155, 157 and 159, pursuant to § 4 ° of the art. 167, all from the Federal Constitution, and from other guarantees in admitted law, and the Federal Government may apply for the transfers of resources necessary for coverage of the commitments honored directly from the centralizing accounts of the fundraising of the State or federal transfers.

§ 2º Previously to the signing of the contract, the Ministry of Finance will check and attest the adimplence of the State of Paraná as to the payments and the benefits of accounts of which it treats the 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 is 540 (five hundred and forty) days, counted as of the duration of this Resolution.

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

Federal Senate, on February 26, 2014

Senator RENAN CALHEIROS

President of the Federal Senate