Modifies The Law Nâ ° 18,450, Promotion Of Private Investment In Irrigation Works And Drainage, Allowing That The Tenants Farmers Can Apply For Irrigation Projects

Original Language Title: MODIFICA LA LEY N° 18.450, DE FOMENTO DE INVERSION PRIVADA EN OBRAS DE RIEGO Y DRENAJE, PERMITIENDO QUE LOS AGRICULTORES ARRENDATARIOS PUEDAN POSTULAR A LOS PROYECTOS DE RIEGO

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Sole article.-amending Law No. 18,450, approving rules for the promotion of private investment in works of irrigation and drainage, as follows: 1. replace, in the second paragraph of article 1, the expression "first paragraph" by "third paragraph".

2 amending article 2, in the manner following: to) be established as the first subsection, its current text, since its inception until the first followed dot (.).
(b) Insert the following new second subsection passing the current subsection second to fourth: "may also apply for the benefits of this law, the tenants of farms whose contract of lease as stated by public deed registered in the conservative real estate corresponding, with prior authorization and written consent of the owner and whose term of duration is not less than five years from the date of opening of the contest to which they apply. In the same way and under the same conditions, they may apply to those who have concluded a contract of lease with option to purchase or lease, attended by banking institutions, insurance or other companies subject to the supervision of the Superintendency of banks and financial institutions or of securities and insurance. Subsidised property owner will be responsible for the Commission of the obligation imposed by article 14. "."
(c) entered, as a third paragraph, the current text of paragraph first, since the phrase "Also they be eligible..." to the point apart (..).
3. Add, in the third paragraph of article 4, after the separate dot (.), that happens to be comma (,), the phrase "anyone who is the condition of the applicants referred to in the first and second subparagraphs of article 2 °.".