Reformed Budget Law, In The Field Of Agriculture And Livestock For Mainstream $ 114,865.00.

Original Language Title: REFÓRMASE LA LEY DE PRESUPUESTO, EN EL RAMO DE AGRICULTURA Y GANADERÍA, PARA INCORPORAR $114,865.00.

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 61

THE LEGISLATIVE ASSEMBLY OF THE REPUBLIC OF EL SALVADOR,

CONSIDERING:

I.-That by Legislative Decree No. 144, dated November 16, 2006, published in Official Journal No. 229, Volume No. 373, of December 7 of the same

year, the Legislative Assembly authorized the Executive Body in the Ramo de Hacienda, so that by means of its holder or the official that he will appoint, he will subscribe on behalf of the State and Government of the Republic of El Salvador, a

IFAD Loan Financing Agreement Nº 666-SV, with the International Fund for Agricultural Development (IFAD), for the amount of SDR 9,950,000, approximately equivalent to FOURTEEN MILLION THREE HUNDRED AND EIGHT THOUSAND

ONE HUNDRED ONE 89/100 DOLLARS FROM THE UNITED STATES OF AMERICA ($14,308,101.89) and the Donation Nº 784-SV to the amount of DEG 670,000, equivalent to approximately NINE HUNDRED AND SIXTY-THREE THOUSAND

FOUR HUNDRED AND SIXTY 13/100 DOLLARS FROM THE UNITED STATES OF AMERICA ($963,460.13), resources allocated to the implementation of the "Rural Development and Modernization Project for the Eastern Region (PRODEMORO)"; Convention that was approved by Legislative Decree No. 742, dated 5 of

November 2008, published in the Official Journal No. 211, Volume No. 381, from 10 of the same month and year.

II.-That according to the information provided by the Agricultural and Livestock Ramo, the amount corresponding to the IFAD Loan Agreement Nº 666-SV currently amounts to $15,032,758.50 depending on the type of

change in the current negotiation minute, the amount of which the MAG has executed from 2009 to 2014 the amount of $13,835,531.87 and has been programmed in the Law of the Current Budget of 2015, voted by Legislative Decree No. 866,

dated November 20, 2014, published in the Official Journal No. 229, Volume No. 405, December of the same year, the amount of $1,001,115, reflecting an availability of $196,111.63, which is required at this opportunity the

amount of $1114,865, for the purpose of financing commitments acquired with organizations of Producers in the Eastern Zone of the country, who are cared for through the management of rural businesses and assistance productive; considering

in addition, that Program 3752 is in its final phase of execution.

III.-That with the purpose that the Agriculture and Livestock Ramo can count on

the resources necessary to complement the Allocations to this Program during the current financial year 2015, it is necessary to amend the current Budget Law, by increasing in Section II-REVENUE,

the Specific Source 31404 Of Bodies Multilateral, with the amount of ONE HUNDRED AND FOURTEEN THOUSAND EIGHT HUNDRED AND SIXTY-FIVE 00/100 DOLLARS FROM THE STATES UNITED OF AMERICA ($114,865.00) and in Section III-EXPENSES, in the part corresponding to the Ramo of Agriculture and Livestock, Unit

___________________________________________________________________ LEGISLATIVE INDEX

LEGISLATIVE ASSEMBLY-REPUBLIC OF EL SALVADOR

____________________________________________________________________ 2

Budget 07 Rural Development, increasing the Line of Work 02 Project Rural Development and Modernization for the Eastern Region

(PRODEMORO), with an amount of ONE HUNDRED AND FOURTEEN THOUSAND EIGHT HUNDRED AND SIXTY-FIVE 00/100 DOLLARS FROM THE UNITED STATES OF AMERICA ($114,865.00).

FOR TANTO,

in use of its Constitutional powers and at the initiative of the President of the Republic, by means

of 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-INCOME, Headings 31 Public Debt, Account 314 Contracting External Borrowings, Increase The Specific Source 31404 From Multilateral Organizations,

thus:

Loan Nº 666-SV, subscribed to the International Fund for Agricultural Development (IFAD), resources that will be used to finance the execution

of the "Project for the Development and Rural Modernisation of the Eastern Region (PRODEMORO)", approved by Legislative Decree No. 742 dated November 5, 2008, published in Official Journal No. 211, Tomo

No. 381, of the 10th of the same month and year (Ramo of Agriculture and Livestock). $1114,865

B) In Section III-EXPENSES, in the part corresponding to the Ramo of Agriculture and Livestock, in the numeral 4. Budget Allocation by Grouping of Grouping, Source of Financing and Economic Destination, Budget Unit 07 Rural Development, increases allocations

of the Line of Work 02 " Development and Rural Modernization Project for the Eastern Region (PRODEMORO) ", with the amount of $114,865, as well:

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

Budget Unit and Budget Unit

Working Line

54

Goods and Serv Services Acquisitions

55

Expense F Inners and O tros

Capital Expenses

07 Rural Development

2015 -4200-4-07-02-22-3 External Loans

Rural Development and Modernization Project for the Region O riental (PRODEMORO)

109,409

109,409

5,456

5,456

1114,865

1114,865

Total 109,409 5,456 114,865

___________________________________________________________________ LEGISLATIVE INDEX

LEGISLATIVE ASSEMBLY-REPUBLIC OF EL SALVADOR

____________________________________________________________________ 3

Also, the List of Public Investment Projects is amended, with loans External, in relation to the Program with Code 3752 "Rural Development and Modernization Project

of the Eastern Region (PRODEMORO)", increasing by $114,865, thus being the same amount:

5. List of Public Investment Projects

Project Code F Inage Source

Meta F isica Location Geographical Date of F Inalization

Project Monto

3752

07 Rural Development

02 Project Rural Development and Modernization for the Region

O riental (PRODEMORO)

Rural Development and Modernization Project of the Region O riental (PRODEMORO), Loan FID A Nº 666-SV and Donation F IDA Nº 784-SV

External Loans 4,912 Producers

San Miguel, Morazan, La Union and Usulutan Dec ./2015

1,115,980

1,115,980

1,115,980

Total 1,115,980

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

FOURTEEN THOUSAND EIGHT HUNDRED AND SIXTY-FIVE 00/100 US DOLLARS AMERICA ($114,865.00), 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 twenty-three days of July 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.

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.

___________________________________________________________________ LEGISLATIVE INDEX

LEGISLATIVE ASSEMBLY-REPUBLIC OF EL SALVADOR

____________________________________________________________________ 4

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, on the eleven days of August of the year two thousand fifteen.

PUBESQUIESE,

Salvador Sánchez Cerén, President of the Republic.

Juan Ramón Carlos Enrique Cáceres Chávez,

Minister of Hacienda.

D. O. No. 146 Took No. 408

Date: August 14, 2015

SP/adar 04-09-2015

___________________________________________________________________ LEGISLATIVE INDEX