Budget Law Reformed, In Part For The Maritime Port Authority (Amp), For $ 650,000.00.

Original Language Title: REFÓRMASE LA LEY DE PRESUPUESTO, EN LA PARTE CORRESPONDIENTE A LA AUTORIDAD MARÍTIMA PORTUARIA (AMP), POR $650,000.00.

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LEGISLATIVE ASSEMBLY-REPUBLIC OF EL SALVADOR

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DECREE NO 229

THE LEGISLATIVE ASSEMBLY OF THE REPUBLIC OF EL SALVADOR,

CONSIDERING:

I.-That by Legislative Decree No. 994 dated September 19, 2002, published in Official Journal No. 182, Volume N ° 357, of October 1 of that

same year, the General Maritime Port Law was issued, which defines the Harbour Maritime Authority as an autonomous institution of public service, without end for profit, responsible for exercising the technical and economic regulation of

the marine and port activities.

II.-That the General Law of the Port of the Port was reformed, among others, by

Legislative Decree No. 732, dated July 10, 2014, published in the Official Journal No. 140, Volume No. 404, of the 29th of the same month and year, adding in the Art. 10 "Privileges of the CDAMP", the number 28, which establishes that the Council

Directing of the Maritime Authority Port (CDAMP), may " Contry, prior to authorization of the governing body of the AMP and verification of the capacity In order to acquire real estate in any part of the territory

national, for the operation of administrative and operational offices of the AMP ".

III.-That by means of Institutional Agreement No. 506, dated July 8, 2015, the Ministry of Public Works, Transport and Housing and Urban Development, in its capacity as rector, authorized the AMP to carry out the démarches

necessary for the acquisition of a property; likewise, the Ministry of Finance, in accordance with the analysis of the financial projections prepared and provided by the Institution for the period 2015 -2020, dated 31 of

July 2015, issued Favorable Opinion on the financial capacity of the AMP for the procurement of a loan, considering that it would generate sufficient flows to cover its financial commitments.

IV.-That through Public Scripture of Mutual granted by the Port Maritime Authority (AMP), in favor of the Bank Davivienda El Salvador, Society Anonymous,

dated October 30, 2015, the AMP received from the referred bank the amount of SIX HUNDRED AND FIFTY THOUSAND $100 FROM THE UNITED STATES OF AMERICA ($650,000.00), which will be destined to finance the acquisition

an Infurniture where the offices of the institution located in Calle N ° 2, Casa 127 between Calle Loma Linda and Calle La Maspet, Colonia San Benito, San Salvador, whose cost amounts to EIGHT HUNDRED AND SEVENTY-FIVE

THOUSAND 00/100 DOLLARS FROM THE UNITED STATES OF AMERICA ($875,000.00); with respect to the difference for two hundred and twenty-five A THOUSAND 00/100 DOLLARS FROM THE UNITED STATES OF AMERICA ($225,000.00), will be financed with own resources.

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V.-That with the purpose the Port Maritime Authority can dispose of budget for the purchase of the property mentioned above, it is made

necessary to reform the Law of the current Budget, voted by Legislative Decree No. 866, dated 20 November 2014, published in the Official Journal No. 229, Volume No. 405, of 8 December of the same year, in the Section

B "SPECIAL BUDGETS", B. 1 DECENTRALIZED NON-BUSINESS INSTITUTIONS, in Section II-EXPENSES, in the part that corresponds to the Budget of the Port Maritime Authority, incorporated in the Literal B.

REVENUE, the Rubro 31 Public Indebtedness, Account 313 Internal Borrowing, Specific Source 31308 Of Private Financial Companies, with the amount of SIX HUNDRED AND FIFTY THOUSAND $100 USD OF THE

UNITED STATES OF AMERICA ($650,000.00); likewise, on the side of the GASTO, in the Literal OR RESOURCE ALLOCATION, numeral 4. Budget Allocation by Ruben of Pool, Source of Financing and Economic Destination, Unit

Budget 01 Administration, Standardisation, Regulation and Surveillance of the Port Maritime Activity, increase the Line of Work 01 Administration, Standardisation, Regulation and Surveillance of the Port Maritime Activity, Rubro

61 Investments in Fixed Assets, with the amount of SIX HUNDRED AND FIFTY THOUSAND 00/100 DOLLARS FROM THE UNITED STATES OF AMERICA ($650,000.00), resources who come from a Mortgage Credit signed between the Davivienda Bank Salvadoran, Sociedad Anonima and the Port Maritime Authority

(AMP).

FOR TANTO,

in use of its Constitutional powers and on the initiative of the President of the Republic, through the Minister of Finance,

DECCRETA:

Art. 1.-In the current Budget Law, Section B "SPECIAL BUDGETS", B. 1 DECENTRALIZED NON-BUSINESS INSTITUTIONS, the following modifications are introduced:

A. In Section II-EXPENSES, in the part corresponding to the Harbour Maritime Authority, in respect of the REVENUE, the Rubro 31 Public Indebtedness is incorporated, Account 313 Contracting of Borrowings Internal, increasing the Specific Source 31308 Companies

Financial Private, with the amount of $650,000, as well:

B. REVENUE

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Financing

31 Public Indebtedness 313 Contracting Internal Borrowings 31308 Financial Private Companies

Total Financing

650.00

650,000

650.00

Total 650,000

B. In the ALLOCATION OF RESOURCES, Budget Unit 01 Administration, Standardisation, Regulation and Surveillance of the Port Maritime Activity, increases the Line of Work 01 Administration, Standardisation, Regulation and Surveillance of the Activity Maritime Port, Rubro 61 Investments in Fixed Assets, with the amount of $650,000, resources that come from a

Loan signed between the Banco Davivienda El Salvador, Sociedad Ancionario and the Port Maritime Authority (AMP), as well:

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

Budget Unit and Budget Ifrate Budget 61

Investments in Activ or F ijo

Total C apital Expenses

01 Administration, Standardisation, Regulation and V igilance of the Port Maritime A Ctiv Port Maritime

2015 -4307-4-01-01-22-4 Internal Loans Administration, Standardisation, Regulation and V igilance of the Port Maritime

Ctiv

650,000

650,000

650,000

650,000

Total 650,000 650,000

Art. 2.-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 the sixteen days of the month of December of the year two thousand fifteen.

LORENA GUADALUPE PEÑA MENDOZA,

PRESIDENT.

GUILLERMO ANTONIO GALLEGOS NAVARRETE, ANA VILMA ALMASEZ DE ESCOBAR,

FIRST VICE PRESIDENT. SECOND VICE-PRESIDENT.

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

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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-two days of December of the year two thousand

fifteen.

PUBESQUIESE,

Salvador Sánchez Cerén, President of the Republic.

Juan Ramón Carlos Enrique Cáceres Chávez, Minister of Finance.

D. O. N ° 236 Took N ° 409

Date: December 22, 2015

FN/geg 10-022016

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