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

N ° 20, OF 2011

Authorizes the state of Rondônia to hire external credit operation with the Inter-American Development Bank (BID), with a guarantee of the Union, worth up to US$ 6,231,000.00 (six million, two hundred and thirty-one thousand U.S. dollars), of principal, earmarked for financing partial of the "Project for Modernization of the Tax, Financial and Heritage Administration (Profco/RO)".

The Federal Senate resolves:

Art. 1º Is the State of Rondônia authorized to hire external credit operation with the Inter-American Development Bank (BID), with Union warranty, worth up to US$ 6,231,000.00 (six million, two hundred and thirty and one thousand dollars Norteamericans), from main.

Single paragraph. The advent features of the credit operation referred to in the caput are intended for the partial financing of the "Project for Modernization of the Tax, Financial and Heritage Administration (Profco/RO)".

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

I-debtor: State of Rondônia;

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

III-guarantor: Federative Republic of Brazil;

IV-value: up to US$ 6,231,000.00 (six million, two hundred and thirty-one thousand U.S. dollars);

V-deadline of disbursement: 5 (five) years, counted from the duration of the contract;

VI-modality: loan of the unimonetary mechanism with interest rate based on Libor;

VII-amortization: the loan will be amortized upon the payment of semi-annual installments and consecutive, of values as much as possible equal, paid on May 15 and on November 15 of each year, winning the first instalment 5 (five) years after the effective date of the contract and the last up to 20 (twenty) years after this date;

VIII-interest: required semester on the same dates of the amortization payments and calculated on the periodic debtor balance of the loan, at an annual rate for each quarter determined by the BID and composed by the interest rate Libor quarterly to U.S. dollar, more or less a cost margin related to the loans of the BID that finance the loans of the unimonetary mechanism with interest rate based on Libor, plus the margin for loans of the ordinary capital prevailing on the date of determination of the interest rate for each quarter expressed in terms of a annual percentage;

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

X-expense with inspection and general supervision: in a given semester, no may be more than 1% (one per cent) of the value of the financing, divided by the number of semesters understood in the original disbursement term.

Paragraph single. 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 Union authorized to provide assurance to the State of Rondônia in the contracting of the external credit operation referred to in this Resolution.

Paragraph single. The exercise of the authorization provided for in the caput is conditioned to that:

I-the State of Rondônia celebrates with the Union contract of contragarantias, in the form of linking the own recipes of which it treats art. 155, and of the revenue apportionment quotas of which treat the arts. 157 and 159, combined with § 4º of the art. 167, 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 State or federal transfers;

II-the Ministry of Finance check and attest to addedness of the State of Rondônia with the Union, pursuant to § 4º of the art. 10 of Resolution No. 48, of 2007, of the Federal Senate, with the wording given to it by Resolution No. 41, of 2009, of the Federal Senate;

Art. 4º The maximum term 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 December 22, 2011.

Senator JOSÉ SARNEY

President of the Federal Senate