Approves Financial Agreement With The Italian Financial Institution (Ifi) Artigiancassa S.p.a. For $16,280,400.60.

Original Language Title: APRUÉBASE ACUERDO FINANCIERO CON LA INSTITUCIÓN FINANCIERA ITALIANA (IFI) ARTIGIANCASSA S.P.A. POR $16,280,400.60.

Read the untranslated law here: http://www.asamblea.gob.sv/eparlamento/indice-legislativo/buscador-de-documentos-legislativos/apruebase-acuerdo-financiero-con-la-institucion-financiera-italiana-ifi-artigiancassa-s.p.a.por-12-000-000-de-ueros/archivo_documento_legislativo

1 Decree No. 673 the Legislative Assembly of the Republic of EL SALVADOR, considering: I.-that by Legislative Decree No. 571 of date of December 5, 2013, published in the Official Journal No. 236, volume no. 401 of December 16 of the same year, this Assembly authorized the Executive Body in the field of finance to which by means of its holder or representative that it designated signed on behalf of the State and Government of the Republic of El Salvador a financial agreement with the Italian financial institution (IFI) Artigiancassa S.p.A, amounting up to twelve million of EUROS (€12,000,000.00), equivalent approximately to SIXTEEN million two hundred eighty thousand four hundred 60/100 dollars from the United States of AMERICA (US $ 16,280,400.60), to finance the project "Re-qualification Socio-economic and Cultural of the Center historic of San Salvador and of your function housing".
II.-that the referred financing agreement was signed on February 25, 2014, by the Lord Minister of finance in correspondence to the authorisation conferred by the Legislative Decree No. 571 before related, and by the representative of the institution financial Italiana (IFI) Artigiancassa S.p.a. on March 18, 2014.
III.-that on the grounds that have been met, the legal requirements in our legislation, should be adopted everywhere its loan agreement, that it has been submitted to this Assembly, which have been complied with the provisions of article 148 of the Constitution of the Republic.
Therefore, in use of his constitutional powers, DECREES: article 1.-approved in all its parts the financial agreement signed with the institution financial Italiana (IFI) Artigiancassa S.p.A, amounting up to twelve million of EUROS (€12,000,000.00), equivalent approximately to SIXTEEN million two hundred eighty thousand four hundred 60/100 dollars of the United States of AMERICA (US$ 16,280,400.60), to finance the project "Re-qualification Socio-economic and Cultural of the Center historic of San Salvador and of your function housing".
Article 2.-this Decree shall enter into force from the day of its publication in the official journal.
GIVEN in the blue room of the Legislative Palace: San Salvador, to the two days of the month may of the year two thousand fourteen.

2 OTHON SIGFRIDO REYES MORALES, PRESIDENT.
ENRIQUE ALBERTO LUIS VALDES SOTO, GUILLERMO ANTONIO GALLEGOS NAVARRETE, SENIOR VICE PRESIDENT. SECOND VICE PRESIDENT.
DURAN JOSE FRANCISCO MERINO LÓPEZ, FRANCISCO ROBERTO LORENZANA, THIRD VICE PRESIDENT. FOURTH VICE PRESIDENT.
CARLOS ARMANDO REYES RAMOS, FIFTH VICE PRESIDENT.
LORRAINE GUADALUPE PENA MENDOZA, MANUEL VICENTE MENJIVAR ESQUIVEL, FIRST SECRETARY. SECOND SECRETARY.
SANDRA MARLENE SALGADO GARCÍA, JOSÉ RAFAEL MACHUCA ZELAYA, THIRD SECRETARY. FOURTH SECRETARY.
IRMA PALACIOS LOURDES VASQUEZ, ERNESTO ANTONIO ANGLE MILE, FIFTH SECRETARY. SIXTH SECRETARY.
FRANCISCO JOSE ZABLAH SAFIE, JOSE SERAFIN RODRIGUEZ ORANTES, SEVENTH SECRETARY. EIGHTH SECRETARY.
Presidential House: San Salvador, to the twelve days of the month of may of the year two thousand fourteen.
PUBLISHED, Carlos Mauricio Funes Cartagena, President of the Republic.
Juan Ramon Carlos Enrique Caceres Chavez, Minister of finance.
D. OR. No. 85 volume no. 403 date: May 13, 2014 SV/gegc 20-06-2014 legislative index