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 And S O L U Ç O No. 52, DE 2010

Authorizes the State of Rio de Janeiro to hire external credit operation, with guarantee from the Union, with the Bank International for Reconstruction and Development (Bird), worth up to US$ 18,673,000.00 (eighteen million, six hundred and seventy and three thousand U.S. dollars), to finance the " Program of Renewal and Strengthening of Public Management- Pro-Management ".

The Federal Senate resolves:

Art. 1º It is the State of Rio de Janeiro authorized to hire external credit operation, with a guarantee of the Union, with the International Bank for Reconstruction and Development (Bird), worth up to US$ 18,673,000.00 (eighteen million, six hundred and seventy three thousand U.S. dollars).

Single paragraph. The proceeds from this credit operation are intended to finance the "Program for Renewal and Strengthening of Public Management-Pro-Management".

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

I-debtor: State of Rio de Janeiro;

II-creditor: International Bank for Reconstruction and Development (Bird);

III-guarantor: Federative Republic of Brazil;

IV-value: up to US$ 18,673,000.00 (eighteen million, six hundred and seventy and three thousand U.S. dollars);

V-modality: variable margin;

VI-deadline of disbursement: until June 30, 2015;

VII-amortization: 33 (thirty-three) semester plots, successive and whenever possible equals, paid in 15 of May and on November 15 each year, each of the 32 (thirty-two) initial installments will correspond to 3.03% (three integers and three hundreth per cent) of the total loan value and the latter will correspond to 3.04% (three integers and four centisimos per cent);

VIII-interest: required semester on the same payment dates of the amortization and calculated on the periodic debtor balance of the loan, at a rate composed by the interest rate Libor semestral to U.S. dollar, plus a spread to be determined by Bird every exercise tax;

IX-interest rates: 0.50% a.a. (fifty hundred percent a year) add to the interest due and not yet paid in up to 30 (thirty) days after the target date for your payment;

X-commission in sight: 0.25% (twenty-five hundred percent) on the value of the loan, to be debited on the date on which the contract enters into effectivity.

§ 1º The payment dates of the principal and the financial burdens, as well as the disbursements predicted, could be changed depending on the date of signing of the loan agreement.

§ 2º It is provided to the borrower, already duly authorized by this Resolution, upon formal request to the creditor, to exercise the option of altering the modality of the loan, of variable margin for fixed margin.

§ 3º For the exercise of the option referred to in § 2º, it is authorized the collection of the costs incurred by the Bird in its realization and a transaction commission.

Art. 3º It is the Union authorized to provide assurance to the State of Rio de Janeiro 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 Rio de Janeiro enters into contract with the Union for the granting of countermeasures, under the form of linking the recipes of which they treat the arts. 155, 157 and 159, 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 state fundraising or federal transfers.

§ 2º Previously to the signing of the contract, the Ministry of Finance will check and attest to the adimplence of the State of Rio de Janeiro 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 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 goes into effect on the date of its publication.

Federal Senate, on August 31, 2010.

Senator Jose Sarney

President of the Federal Senate