Reforming The Law Of Budget, In The Part That Corresponds To The Legislative Body, To Add $709,528.45.

Original Language Title: REFÓRMASE LA LEY DE PRESUPUESTO, EN LA PARTE QUE CORRESPONDE AL ÓRGANO LEGISLATIVO, PARA INCORPORAR $709,528.45.

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now for only USD$20 per month, or Get a Day Pass for only USD$4.99.

LEGISLATIVE ASSEMBLY-REPUBLIC OF EL SALVADOR ____________________________________________________________________

1

DECREE NO 352

THE LEGISLATIVE ASSEMBLY OF THE REPUBLIC OF EL SALVADOR,

CONSIDERING:

I.-That by Legislative Decree No. 704, dated May 5, 2011, published in Official Journal No 89, Volume No. 391 of May 16, 2011, the Loan No. 2492 /OC-ES, signed between the State and Government of El Salvador, was approved. and the Inter-American Development Bank (IDB), in the amount of five million dollars from the United States of AMERICA ($5,000,000.00).

II.-That in order to continue with the Program of Modernization of the Legislative Body II, it is necessary to implement several projects that are integral part of said Program of Modernization.

III. It becomes necessary to incorporate the current budget, the amount of SEVEN HUNDRED AND NINE THOUSAND FIVE HUNDRED AND TWENTY-EIGHT $100 DOLLARS FROM THE UNITED STATES OF AMERICA ($709,528.45).

FOR TANTO,

in use of its Constitutional powers and at the initiative of Deputies Lorena Guadalupe Peña Mendoza, Santiago Flores Alfaro, Jackeline Noemi Rivera Avalos and Reynaldo Antonio López Cardoza.

DECCRETA:

Art. 1. In the current Budget Law, Section A "General Budget of the State" the following modifications are introduced:

1. In the Section for Income, Rubro 31 Public Indebtedness, Account 314 Contracting of External Borrowings, increase the specific source 31404 of Multilateral Organizations, as well:

Loan No. 2492 /OC-ES, subscribed with the Inter-American Bank Development (IDB). Adopted by Legislative Decree No 704 of 5 May 2011, published in Official Journal No 89, Volume No 391 of 16 May 2011. $709,528.45

2. In Section III-Expenses, modify the literal B Allocation of Resources from the Legislative Body budget, in the following detail:

___________________________________________________________________ LEGISLATIVE INDEX

LEGISLATIVE ASSEMBLY-REPUBLIC OF EL SALVADOR ____________________________________________________________________

2

0100. LEGISLATIVE BODY

3. Relationship Purposes with Assigned Resources, increases the cost of the purpose as follows:

Budget Unit and Cost Purpose Work Lines

03. Modernization and Institutional Strengthening 01 F Infunding to the Modernization Program (Counterpart)

02 F inancing to the Modernization Program (IDB)

Constituting counterpart fund for external financing project

Follow up on the modernization process of the O rgano Legislatativ or

29,330.26

709,528.45

4. Budget Allocation by Pool, Financing Source, and Economic Destination

Budget Unit and Budget Ifrate

Working Line 54 Acquisition of

Goods and Serv Services

61 Investment

en A ctiv os F ijos

Total Expenses of

Capital

03. Modernization and Institutional Strengthening

2016-0100-1-03-01-22-1 General Fund

2016-0100-1-03-02-22-3 External Loans

F-financing to the Modernization Program (BID)

F funding to the Program of

Modernization (Loan)

3,355.38

81,170.05

25,974.88

628,358.40

29.330.26

709,528.48

Total 84,525.43 654,333.28 738,858.71

The financing that is incorporated by the present Legislative decree worth $709,528.45, must be applied to the Source of Resources 8 Inter-American Development Bank (IDB).

Art. 2.-The resources to be financed from the Counterparty mentioned above will be reduced from the current budget of the Legislative Body, Budget Unit 01. Management and Institutional Administration, Work Line 03. Institutional Financial Management, Group 54. Acquisition of Goods and Services, Source of Financing 1. General Fund.

Art. 3.-This Decree shall enter into force from the day of its publication in the Official Journal.

GIVEN IN THE BLUE HALL OF THE LEGISLATIVE PALACE: San Salvador, at twenty-one day of the month of April of the year two thousand sixteen.

LORENA GUADALUPE PEÑA MENDOZA, PRESIDENT.

GUILLERMO ANTONIO GALLEGOS NAVARRETE, ANA VILMA ALMASEZ DE ESCOBAR, FIRST VICE PRESIDENT. SECOND VICE-PRESIDENT.

___________________________________________________________________ LEGISLATIVE INDEX

LEGISLATIVE ASSEMBLY-REPUBLIC OF EL SALVADOR ____________________________________________________________________

3

JOSÉ SERAFIN ORANTES RODRÍGUEZ, NORMAN NOEL QUIJANO GONZÁLEZ, THIRD VICE PRESIDENT. FOURTH VICE-PRESIDENT.

SANTIAGO FLORES ALFARO, FIFTH VICE PRESIDENT.

GUILLERMO FRANCISCO MATA BENNETT, DAVID ERNESTO REYES MOLINA, FIRST SECRETARY. SECOND SECRETARY.

MARIO ALBERTO TENORIO GUERRERO, REYNALDO ANTONIO LÓPEZ CARDOZA, THIRD SECRETARY. FOURTH SECRETARY.

JACKELINE NOEMI RIVERA AVALOS, JORGE ALBERTO ESCOBAR BERNAL, FIFTH SECRETARY. SIXTH SECRETARY.

ABILIO ORESTES RODRÍGUEZ MENJÍVAR, JOSÉ FRANCISCO MERINO LÓPEZ, SEVENTH SECRETARY. EIGHTH SECRETARY.

CASA PRESIDENTIAL: San Salvador, at the twenty-nine days of the month of April of the year two thousand sixteen.

PUBESLOSE, Salvador Sánchez Cerén,

President of the Republic.

Juan Ramón Carlos Enrique Cáceres Chávez, Minister of Hacienda.

D. O. N ° 84 Took N ° 411 Date: May 6, 2016

GM/geg 02/06/2016

___________________________________________________________________ LEGISLATIVE INDEX