Read the untranslated law here: http://www.asamblea.gob.sv/eparlamento/indice-legislativo/buscador-de-documentos-legislativos/reformase-el-articulo-4-de-la-ley-especial-para-facilitar-la-cancelacion-de-las-deudas-agrarias-y-agropecuarias/archivo_documento_legislativo
1 Decree N ° 203, the Legislative Assembly of the Republic of EL SALVADOR: I.-that through Legislative Decree N ° 263, dated March 23, 1998, published in the official journal N ° 64, take N ° 339 from 02 April 1998, adopted the "law special to facilitate the cancellation of the debts agrarian and farming".
II. that by means of Legislative Decree N ° 874, dated November 27, 2014, published in the official journal N ° 235, volume 405 dated 16 December 2014, was amended Decree No. 263, extending its effects, until December 31, 2015.
III.-that the aforementioned law since its adoption aims among others to the revival of the agricultural sector through the readjustment of loans to its current value and the establishment of financial mechanisms that allow you to immediately cancel the debts incurred by recipients of the lands.
IV.-that there are technical, administrative, and judicial setbacks, which have made it impossible to beneficiaries, to make use of the benefits that this Decree allowed.
V-that in order to meet the objectives of this Decree, it becomes indispensable extension its effects for a period of one year, i.e. from the 01 January 2016 until December 31, 2016.
THEREFORE: use of constitutional powers, and on the initiative of the Deputy Carlos Alberto García Ruiz and with the support of members and deputies: Guillermo Antonio Gallegos Navarrete, Norman Noel Quijano González, David Ernesto Reyes Molina, Mario Alberto Tenorio Guerrero, Rolando Alvarenga Argueta, Rodrigo Avila Avilés, Marta Evelyn Batres Araújo, Manuel Orlando Cabrera Candray, Silvia Alejandrina Castro Figueroa, Ana Maria Castro , Ricardo Humberto Contreras Henriquez, Felissa Guadalupe crystals Miranda, René Alfredo Portillo Cuadra, Carmen Elena Calderón Sol step, César Florentin Rene Reyes Dheming, Roxana Maricela Durán Hernández, Julio César Fabian Perez, Noel Orlando Garcia, Jorge Adalberto Joshua Godoy Cardoza, Nery Francisco Herrera, Ricardo Ernesto Godoy Peñate, big Jesus Pineda, Bonner Francisco Jiménez Belloso, Mercedes Larrave Ana de Ayala, Mauricio Roberto Linares Ramirez , Martyr Arnoldo Marin Villanueva, Juan Carlos Mendoza Portillo, Roberto Carlos Menjivar Vanega, Gerardo Estanislao Menjivar Hernández, Julio Cesar Miranda Quezada, Jose Mario Mirasol crystals, Jose Gabriel Murillo Duarte, Luis Ernesto Muyshondt García Prieto, Ana Maria Gertrudis Ortiz Lemus, Lisseth Arely Palma Figueroa, Francisco José Rivera Chacon, Vilma Carolina Rodriguez Davila, Alex Rolando Rosales Guevara, Misael Serrano Chavez, Manuel Rigoberto Soto loop , Pablo de Jesus Urquilla Granado, 2 Patricia Elena Valdivieso of Gallardo, Juan Alberto Valiente Alvarez, Mauricio Ernesto Vargas-Valdes, Ricardo Andres Velasquez Parker, John Tennant Wright Sun.
DECREES the following: reform to LA law special to facilitate the cancellation of the debts agrarian and agricultural, so: article 1.-reforming subparagraph first of article 4, as well: article 4 paragraph 1 °-the institutions of the financial system must sign with the creditor institutions referred to in this Act, an agreement, allowing grant to beneficiaries who so request, referred to in article 2 of the same , and that the date of entry into force have not cancelled amount owed, a loan at 6% of annual interest for a term of up to 12 years, within which will be a grace period of two years, in which there will be no payment of capital and interest of any kind. These loans must be processed and formalized within the period ending the thirtieth day and one December 2016, leaving during this period suspended the filing of any claim for the start of trials of nature Executive commercial or civil, involving however; as well as, those who are initiated and are at any stage of the civil or commercial, Executive legal proceedings against those debtors.
Article 2-This Decree shall enter into force eight days after its publication in the official journal.
GIVEN in the blue room of the Legislative Palace: San Salvador, the twenty-sixth day of November in the year two thousand and fifteen.
LORRAINE GUADALUPE PENA MENDOZA, PRESIDENT.
GUILLERMO ANTONIO GALLEGOS NAVARRETE, ANA VILMA ALBANEZ DE ESCOBAR, SENIOR VICE PRESIDENT. SECOND VICE PRESIDENT.
JOSE SERAFIN RODRIGUEZ ORANTES, NORMAN NOEL QUIJANO GONZÁLEZ, THIRD VICE-PRESIDENT. FOURTH VICE PRESIDENT.
SANTIAGO FLORES ALFARO, FIFTH VICE PRESIDENT.
WILLIAM FRANCISCO MATA BENNETT, DAVID ERNESTO REYES MOLINA, FIRST SECRETARY. SECOND SECRETARY.
MARIO ALBERTO TENORIO GUERRERO, REYNALDO ANTONIO LOPEZ CARDOZA, THIRD SECRETARY. FOURTH SECRETARY.
3 JACKELINE NOEMI RIVERA AVALOS, JORGE ALBERTO ESCOBAR BERNAL, FIFTH SECRETARY. SIXTH SECRETARY.
ABILIO ORESTES RODRIGUEZ MENJIVAR, JOSÉ FRANCISCO MERINO LÓPEZ, SEVENTH SECRETARY. EIGHTH SECRETARY.
Presidential House: San Salvador, on sixteenth day of the month of December of the year two thousand and fifteen.
PUBLISHED, Salvador Sanchez Ceren, President of the Republic.
Mr. Orestes Fredesmán Ortez Andrade, Minister of agriculture and livestock.
D. O. N ° 235 volume N ° 409 date: 21 December 2015 SP/geg 01-02-2016 legislative index
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