Advanced Search

United States Senate Resolution No. 19, Of 18 April 2006

Original Language Title: Resolução do Senado Federal nº 19, de 18 de abril de 2006

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now for only USD$40 per month.

I do 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. 19, OF 2006

Authorizes the Federative Republic of Brazil to hire external credit operation at the total value of up to US$ 23,155,000.00 (twenty-three million, one-and fifty-five thousand U.S. dollars) with the International Fund for Agriculture Development-Fida.

The Federal Senate resolves:

Art. 1º It is the Federative Republic of Brazil authorized to hire external credit operation at the total value of up to US$ 23,155,000.00 (twenty three million, one hundred and fifty-five thousand U.S. dollars) with the International Fund for Agriculture Development-Fida.

Paragraph single. The features of this credit operation are intended for the Northeast Brazilian Family Farmers's Employment Development Support Project.

Art. 2º The basic financial conditions of the credit operation are as follows:

I-debtor: the Federative Republic of Brazil;

II-creditor: International Fund for Development of Agriculture-Fida;

III-total value: up to US$ 23,155,000.00 (twenty-three million, one hundred and fifty one thousand U.S. dollars);

IV-modality of borrowing: borrowing in currency;

V-term of deficiency: 3 (three) years, counted from the date of the approval of the loan by Fida;

VI-amortization: semester plots, winning the first in 1º March 2008 and the last one in 1º of September 2022;

VII-interest: required semestrally and paid on the same dates as amortization; the interest rate adopted by Fida for each year is the interest rate stipulated by the International Bank for Reconstruction and Development (Bird) for loan in basket of currency in the July-December period of the previous year.

Paragraph single. The payment dates of the principal and the financial burdens, provided for in the contractual minuta, may be changed depending on the date of their signature.

Art. 3º The exercise of the authorization granted by this Resolution is expected to occur within 540 (five hundred and forty) days, counted from the date of its publication.

Art. 4º This Resolution goes into effect on the date of its publication.

Federal Senate, on April 18, 2006.

Senator Renan Calheiros

President of the Federal Senate