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 °- 36, DE 2012

Authorizes the Federative Republic of Brazil to hire external credit operation, at the total value of up to US$ 66,000,000.00 (sixty-six million U.S. dollars), with the Bank InterAmerican Development (BID).

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$ 66,000,000.00 (sixty-six million U.S. dollars), with the Inter-American Development Bank (BID).

§ 1º The features of this credit operation are intended for the partial funding of the " Program of Strengthening of the Single Social Assistance System ".

§ 2º Previously to the signing of the contract, the Ministry of Finance will check and attest to the inclusion of budget allocations for the payment of the interest and too much charges of the loan, as well as the fulfilment of the preconditions to the first disbursement.

Art. 2º The basic financial conditions of the credit operation referred to in art. 1º are as follows:

I-debtor: Federative Republic of Brazil;

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

III-total value: up to US$ 66,000,000.00 (sixty-six million U.S. dollars);

IV-modality: loan of the Unimonetary Engine with interest rate based on Libor;

V-term of disbursement: 6 (six) years, counted as of the effective date of the contract;

VI-amortization: in semi-annual instalments, consecutive and to the extent possible equal, paid in 10 of May and on November 10 of each year, winning the first instalment on the next payment date, once transcurring 6 (six) years of the contract signing date, and the last, no later than 25 (twenty five) years after this date;

VII-interest: required semester on the same repayment dates of amortization and calculated on the periodic debtor balance of the loan, at an annual rate for each quarter comprised of the interest rate Libor quarterly to U.S. dollar, plus or minus a cost margin related to the BID loans that finance the loans from the Unimonetary Engine with interest rate based on Libor, and plus the margin for loans from the ordinary capital;

VIII-credit commission: up to 0.75% a.a. (seventy-five hundrths per cent a year), calculated on the undisbursed balance of the loan, required semi-annually on the same interest payment dates, entering into force 60 (sixty) days after the signing of the contract;

IX-expenditments with inspection and general supervision: up to 1% (one percent) on the value of the loan, being that, in a given semester, if so requires the BID, the value due to meet these expenses may not be higher than that referred to 1% (one percent) of the value of the financing, divided by the number of semesters understood in the term original of disbursement.

§ 1º The payment dates of the principal, the financial charges and of the disbursements, provided for in the contractual minuta, may be changed depending on the date of signing of the contract.

§ 2º It is provided to the borrower to request the conversion of the interest rate of the loan, of variable to fixed and vice versa, of part or of the totality of its debtor balances, with payment of commission to the BID, respected the deadlines and minimum amounts required for the conversions set out in the corresponding loan agreement.

Art. 3º 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. 4º This Resolution comes into effect on the date of its publication.

Federal Senate, on August 31, 2012.

Senator JOSÉ SARNEY

President of the Federal Senate