I do know that the FEDERAL SENATE has approved, and I ANTÔNIO CARLOS MAGALHÃES, PRESIDENT, pursuant to art. 48, item 28, of the Rules of Procedure, promulgated the following:

RESOLUTION NO. 69, FROM 2000.

Authorizes the Union hiring external credit operation, with Marubeni Corporation, at the equivalent value of up to U280,269,000.00 (two hundred and eighty million, two hundred and sixty-nine thousand Japanese yen) of principal, destined for the acquisition of goods in the framework of the Modernization and consolidation program of the Academic Infrastructure of the Federal Institutions of Higher Education and University Hospitals.

THE FEDERAL SENATE

RESOLVE:

Art. 1º Is the authorized Union, in the terms of art. 52, inciso V, of the Federal Constitution, and of Resolution No. 96, of 1989, reinstated by Resolution No. 17, of 1992, both of the Federal Senate, to hire external credit operations with Marubeni Corporation, at the equivalent value to U280.269.000,00 (two hundred and eighty million, two hundred and sixty-nine thousand Japanese yen) of principal, intended for the acquisition of goods and services within the framework of the Modernization and Consolidation program of the Academic Infrastructure of the Instructions Feds of Higher Education and University Hospitals.

Art. 2º As a precondition the signing of the contracts, the supplementary credits by the Control and Fiscal Management Commission, to ensure coverage of the financial flow of the credit operation in the next financial year, should be approved.

Art. 3º The credit operation mentioned in the art. 1 ° presents the following financial characteristics:

I-value of the operation: U280.269.000,00 (two hundred and eighty million, two hundred and ninety thousand Japanese yen), in a single tranche;

II-objective: finaciation of 15% (fifteen percent) of the value of equipment of Japanese origin and being provided by Marubeni Carporation;

III-amortization: ten equal, semiannual and consecutive installments;

IV-deficiency: six months after the last shipment of goods;

V-interest: Semestral Libor for deposits in yen, increased by a margin of 2.5% a.a (two integers and five tenths per cent to the year), overdue semester;

VI-adminstration rate (flat): 1% a.a. (one by cenfo to the year), payable up to thirty days the date of the ROF;

VII-moura: 1% a.a. (one per cent to the year), above the applicable contractual interest rate;

VIII-reasonable general expenses and proven, which should be within the limits acceptanted by the Central Bank of Brazil.

Art. 4º The authorization granted by this Resolution is to be exercised within five hundred and forty days, counted from the date of its publication.

Art. 5 ° This Resolution goes into effect on the date of its publication.

FEDERAL SENATE, on December 15, 2000.

SENATOR ANTONIO CARLOS MAGALHÃES

President