Extending The Validity Of The Mechanism Of Stabilization Of Prices Of Fuels Derived From The Oil Laid Down In The Law Nâ ° 20.063, With Modifications That Indicates

Original Language Title: PRORROGA LA VIGENCIA DEL MECANISMO DE ESTABILIZACION DE PRECIOS DE COMBUSTIBLES DERIVADOS DEL PETROLEO ESTABLECIDO EN LA LEY N° 20.063, CON LAS MODIFICACIONES QUE INDICA

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Article 1.-Introducense the following modifications in the law N ° 20.063 and its subsequent amendments, which will enter into force from the publication of this law: 1) replace, in paragraph first of article 1, the figure "2007" by the figure "2010".

(2) add, in article 5, the following final new subsection: "As of June 1, 2007, the Fund will increase by sixty million dollars of the United States of America, resources that will integrate directly into the Fund and will be transferred from the Fund referred to in article 10 of law No. 20.128.".

((3) amended article 8 follows: to) replace the third subparagraph by the following: "However, if to June 30 of the respective year the account referred to in subsection register a balance in favour of ENAP, the company shall be entitled to impute such balance from 1 January of the following year in the form ready in Supreme Decree referred to in the preceding paragraph. Treasury may settle the account, wholly or partly, through compensation charged to earnings for distributing company that are appropriate in the manner to be determined by a decree issued by the Ministry of finance. If after the allegations and above compensation remains an unpaid balance in favor of ENAP, this will be added to the balance to be determined at 30 June of the following year. "."

(b) repeal the fourth paragraph.

(c) replace the fifth subparagraph by the following: "in the event, to June 30 of the year 2010, the account referred to in subsection first register a balance in favour of the Treasury, Chancellor of the Exchequer will have, by resolution, the way in which the company will make its payment.".

(4) replace the transitional second article, by the following: "Second article.-the existing balance in the Fund to that referred to in article 1 of this law, at the end of its term, shall be deposited at the bottom of the economic and Social stabilization, referred to in article 10 of law No. 20.128.".