Reformed Budget Law, In The Field Of Agriculture And Livestock For Mainstream $ 450,000.00.

Original Language Title: REFÓRMASE LA LEY DE PRESUPUESTO, EN EL RAMO DE AGRICULTURA Y GANADERÍA, PARA INCORPORAR $450,000.00.

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LEGISLATIVE ASSEMBLY-REPUBLIC OF EL SALVADOR

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DECREE NO 185

THE LEGISLATIVE ASSEMBLY OF THE REPUBLIC OF EL SALVADOR,

CONSIDERING:

I.-That by Legislative Decree No. 814, dated February 4, 2009, published in Official Journal No 30, Volume N ° 382, of the 13th of the same month and year,

the Legislative Assembly authorized the Executive Body in the Ramo of the Treasury, so that by means of its Holder or the representative that he will appoint, he will subscribe on behalf of of the State and Government of the Republic of El Salvador, a Convention

of Financing with the International Fund for Agricultural Development (IFAD), up to the amount of SDR 9,500,000.00 equivalent to approximately FOURTEEN MILLION THREE HUNDRED TWENTY-TWO THOUSAND FOUR HUNDRED AND EIGHTY-FIVE

38/100 DOLLARS FROM THE UNITED STATES OF AMERICA ($14,322,485.38), resources to finance the implementation of the " Rural Development and Modernization Project for the Central and (PRODEMOR-Central) ".

II.-That by Legislative Decree No. 125, dated 24 September 2009, published in Official Journal No 211, Volume N ° 385, of 11 November of the same year, was approved in all its parts the Contract of Loan No.

728-SV, signed on April 8, 2009 by the Government of the Republic of El Salvador. Salvador and IFAD, in the amount of FOURTEEN MILLION THREE HUNDRED AND TWENTY-TWO THOUSAND FOUR HUNDRED AND EIGHTY-FIVE 38/100 DOLLARS OF

UNITED STATES OF AMERICA ($14,322,485.38).

III.-That of the amount corresponding to the IFAD Loan Agreement No. 728-SV before

mentioned, the Ministry of Agriculture and Livestock has accrued during the fiscal years 2009 to 2014, the amount of $13,483,332.04, with the Purpose of financing the implementation of the Investment Project 4377 "Development Project

and Rural Modernization for the Central and Paracentral Region (PRODEMOR-Central)"; likewise, in the current Budget Law voted by Decree Legislative N ° 866, dated 20 November 2014, published in the Journal

Official No 229, Volume N ° 405, of December 8 of the same year, resources were programmed from the aforementioned loan worth $518,925.00 of which it has accrued $514,146.00, reflecting to the date an amount available for

$4,779.00.

IV.-That the Agricultural and Livestock Ramp requests to incorporate into the Law of

Current Budget 2015 the amount of $450,000.00 of which $320,228.00 comprise the undisbursed availability of the IFAD Loan No. 728-SV and the difference for $129,772.00 is a surplus generated by the differential

currency of the Special Drawing Rights with respect to the dollar, in order to strengthen the Project 4377 " Project of Development and Rural Modernization for the Central Region and Paracentral (PRODEMOR-Central) ", with the purpose of financing activities necessary for the consolidation of

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organizational and business strengthening, as well as closing activities Project technical, such as results and effects studies

generated with the intervention of the Project, systematization of experiences and management of knowledge and audits for the normal closure of the financial operations of the loan.

V.-That by Legislative Decree No. 58, dated July 23 2015, published in the Official Journal No. 146, Volume No. 408 of August 14 of the same year, the

Legislative Assembly authorized the Ramo of Agriculture and Livestock, to make the investment of the resources of the Loan IFAD N ° 728-SV that still are available, for the termination of Project 4377 and subsequent closure of the

itself, until the deadline of 30 June 2016.

VI.-That with the purpose that the Agricultural and Livestock Ramo can use the

resources available from IFAD Loan No. 728-SV, it is necessary to amend the current Budget Law of 2015, in Section II-REVENUE, Increasing the Specific Source 31404 of Multilateral Organizations, with the

amount of FOUR HUNDRED AND FIFTY THOUSAND 00/100 DOLLARS OF THE UNITED STATES OF AMERICA ($450,000.00) and in Section III-EXPENSES, in the part that corresponds to the Ramo of Agriculture and Livestock, Budget Unit 07 Rural Development, increasing the Line of Work 03 Development Program

and Rural Modernization for Central and Paracentral Regions (PRODEMOR-Central), with an amount of FOUR HUNDRED AND FIFTY THOUSAND 00/100 DOLLARS FROM THE UNITED STATES OF AMERICA ($450,000.00).

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 -A General Budget of the State

the following modifications are introduced:

A) In Section II-REVENUES, Headings 31 Public Indebtedness, Account 314 Contracting

External borrowings, increase the Specific Source 31404 of Multilateral Organizations, as well:

Loan No. 728-SV, subscribed to the International Fund for Agricultural Development (IFAD), resources that will be used to finance the implementation of the " Rural Development and Modernization Project for the Central Region

and Paracentral (PRODEMOR-Central) ', approved by Legislative Decree No. 125 dated 24 September 2009, published in Official Journal No. 211, Volume No. 385 of 11 November of the same year (Ramo de Agricultura y Ganadería)........................................................ ............ $450,000

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B) In Section III-EXPENSES, in the part that corresponds to the Agricultural and Livestock, in numeral 4. Budget Allocation by Grouping, Source

Financing and Economic Destination, Budget Unit 07 Rural Development, increases the allocations of the Work Line 03 " Development and Rural Modernization Program for the Central and Paracentral Regions (PRODEMOR-Central) ", with

the amount of $450,000.00 and in the number 5. List of Public Investment Projects, increases Project 4377, as well:

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

Budget Unit and Budget Encryption 54

Goods and Services Acquisitions

55 Expenses

Financial and Other

62 Transfer

Capital Spending Capital

07 Rural Development 2015 -4200-4-07-03-22-3 External Loan Development and Rural Modernization Program for

Central and Paracentral Regions (PRODEMOR-Central)

130,970

130,970

21,430

21,430

297,600

297,600

450,000

450,000

Total 130,970 21,430 297,600 450,000

5. List of Public Investment Projects Project 4377 is increased, with the following amount:

Project Code Financing Source

Physical Meta

Geographical Location

Financing Date

Project

4377

07 Rural Development

03 Rural Development and Modernisation Programme for Central and Central Regions (PRODEMOR-Central)

Rural Development and Modernisation Project for the Central Regions and Paracentral (PRODEMOR-Central), IFAD Loan N ° 728-SV

External Loan

7,500 Producers

Cabanas, La Paz, San Vicente, Cuscatlán and San Salvador.

Dec ./2015

450,000

450,000

Total 450,000

C) The resources that are incorporated by this Legislative Decree by value of

FOUR HUNDRED AND FIFTY THOUSAND 00/100 DOLLARS FROM THE UNITED STATES OF AMERICA ($450,000.00), must be applied to the Source of Resources 16 International Fund for Agricultural Development (IFAD).

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 nineteenth day of November of the year two thousand fifteen.

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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.

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, two days in the month of December of the year two thousand fifteen.

PUBESLOSE,

Salvador Sánchez Cerén, President of the Republic.

Juan Ramón Carlos Enrique Cáceres Chávez,

Minister of Finance.

D. O. No 224 Took N ° 409 Date: 4 December 2015.

SP/pch 08-01-2016.

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