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 °- 28, DE 2012

Authorizes the State of the Paraíba to hire external credit operation, with guarantee from the Union, with the International Agricultural Development Fund (Fida), in the total value of up to SDR 16,064,876 (sixteen million, sixty-four thousand, eight hundred and seventy and six special withdrawal rights).

The Federal Senate resolves:

Art. 1º It is the State of the Paraíba authorized to hire external credit operation, with guarantee of the Union, with the International Agricultural Development Fund (Fida), in the total value of up to SDR 16,064,876 (sixteen million, sixty-four thousand, eight hundred and seventy and six special sawing rights).

Single paragraph. The advinds proceeds from the external credit operation referred to in the caput are intended for the partial financing of the "Sustainable Development Project of the Cariri and Seridó".

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

I-debtor: State of the Paraíba;

II-creditor: International Fund for Agricultural Development (Fida);

III-guarantor: Federative Republic of Brazil;

IV-value: up to SDR 16,064,876 (sixteen million, sixty and four thousand, eight hundred and seventy six rights saque specials);

V-modality: ordinary loan;

VI-deadline of disbursement: 72 (seventy and two) months;

VII-amortization: 30 (thirty) plots to be paid semester, on the days May 15 and November 15 of each year;

VIII-interest: defined semestally by the creditor, plus the exchange rate variation.

Art. 3º It is the Union authorized to provide assurance to the State of Paraíba in the external credit operation referred to in this Resolution.

§ 1º The authorisation provided for in the caput is conditional on the State of the Paraíba to conclude contract with the Union for the granting of countermeasures, in the form of linking of the revenue provided for in the arts. 155, 157 and 159, in accordance with § 4º of the art. 167, all of the Federal Constitution, and other guarantees in law admitted, and the Federal Government may withhold the necessary resources for coverage of the commitments honored directly from the centralizing accounts of the State of the Paraíba fundraising or of the federal transfers.

§ 2º Previously to the signing of the contractual instruments, the State of Paraíba will provide, together with the Ministry of Finance, the fulfilment of the conditions for the first disbursement, as stipulated in the loan contract, and the addedness of the State and all its bodies and entities as to the payments and Benefits of accounts of which it treats art. 10 of Resolution No. 48, 2007, of the Federal Senate.

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 July 18, 2012.

Senator JOSÉ SARNEY

President of the Federal Senate