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Original Language Title: ADICIONA RECURSOS AL FONDO DE ESTABILIZACIÓN DE PRECIOS DE COMBUSTIBLES DERIVADOS DEL PETRÓLEO, AUTORIZA UNA CAPITALIZACIÓN DE ENAP POR EL MONTO QUE INDICA E INTRODUCE OTRAS MODIFICACIONES QUE SEÑALA

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Article 1.-Introducense the following modifications in the law Nº 20.063, creating of fuels derived from oil price stabilization fund: 1) Insert, in subparagraph first of article 1, .the phrase liquefied petroleum gas.
preceded by a comma (,) between the expressions "diesel oil" and "and domestic kerosene".

(2) replace, in the second paragraph of article 3 °, the phrase ", without regard for these sales effects and import to make the national oil company. "with the following: .and sales making the national petroleum company with respect to its own production of petroleum-based fuels".

(3) add, in its article 5, the following final paragraph: "From July 1, 2008, authorize the Minister of finance to increase the Fund US $1,000 million, through one or more transfers of resources existing in the economic and Social stabilization fund, created by the decree with force of law No. 1 of 2007, the Ministry of finance.".

((4) add the literal b), of the first paragraph of article 6, the following final sentence: "However, in the case of domestic kerosene, during the months of June, July, August and September of the years of the Fund, the amount of the credit shall be resulting from the difference between the price of parity and the upper reference, multiplied by the factor 1.5.".

((5) amend the third paragraph of its article 6, in the following sense: to) removed the phrase "following a report of the National Energy Commission,", the first time that it appears.

(b) replace the phrase "(proyección de importaciones de los derivados a que se refiere esta ley para las próximas 12 semanas multiplicada por los créditos fiscales a que se refiere la letra b) that is effective, is greater than the balance of the Fund" by the following: "estimation of the total value of projected appropriations for the period remaining for the duration of the implementation of the stabilization mechanism established in article 1 of this law it exceeds the balance of the Fund determined by the National Energy Commission, prior report, which contains the aforementioned estimate."

(c) delete the phrase "For these purposes will not be considered imports of the national company of oil pursuant to article 8 of this Act.".

(d) Add then words. in the case of imports. the phrase preceded a comma (,): "from the sales of the national company of oil and future appropriations".

((6) amended article 8 in the following sense: to) delete, in its first paragraph, all the phrase that follows then followed dot (.), becoming the final dot (.).

(b) Insert the following third paragraph: "However, credits that accumulate in the account referred to in subsection first of this article as of July 1, 2008, will be paid monthly to the national company of oil by one or more transfers from the Fund set up by article 1 of this Act.".

(c) delete, in its current third subparagraph, which became fourth, "With all" initial expression, starting with uppercase the conjunction "If" that follows.

(d) replace, in its final paragraph, the word "quarterly" "monthly".