To Approve Financial Agreement With The Italian Financial Institution (Ifi) Artigiancassa Spa 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 LEGISLATURE OF THE REPUBLIC OF EL SALVADOR, CONSIDERING
:
I.- by Legislative Decree No. 571, dated December 5, 2013, published in the Official Gazette No. 236, Volume No. 401 of December 16 of the same year, the House authorized the Executive Branch in the Field of Finance to by the holder or the representative designated by him, subscribe on behalf of the State and Government of the Republic of El Salvador a Financial Agreement with the Italian Financial Institution (IFI) Artigiancassa SpA, for an amount of up to twelve million euros (€ 12,000,000.00), equivalent to approximately sIXTEEN MILLION FOUR HUNDRED EIGHTY THOUSAND DOLLARS 60/100 UNITED STATES oF AMERICA (US $ 16,280,400.60) to finance the "Reclassification Socio-Economic and Cultural the Historical Center of San Salvador and its Habitacional Function" Project.
II.- That the aforementioned Financial Agreement was signed on February 25, 2014, by the Minister of Finance in correspondence to the authorization granted by Legislative Decree No. 571 related before, and the Representative of the Italian Financial Institution (IFI) Artigiancassa SpA on 18 March 2014. that
III because they have met the requirements of legal order required in our legislation, the Loan Agreement be approved in all its parts, which has been submitted to the Assembly, for which it has complied with the provisions of Art. 148 of the Constitution of the Republic.
THEREFORE,
in exercise of its constitutional powers, DECREES
:
Art. 1. To approve in its entirety the Financial Agreement signed with the Italian Financial Institution (IFI) Artigiancassa SpA, for an amount of up to twelve million euros (€ 12,000,000.00), equivalent to approximately SIXTEEN MILLION FOUR HUNDRED EIGHTY THOUSAND DOLLARS 60/100 UNITED STATES oF AMERICA (US $ 16,280,400.60) to finance the "Reclassification Socio-Economic and Cultural the Historical Center of San Salvador and its Habitacional Function" Project.
Art. 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, within two days of the month May of the year two thousand and fourteen.


2 OTHON Sigfrido Reyes Morales, president.
ENRIQUE VALDES LUIS ALBERTO SOTO, GUILLERMO ANTONIO NAVARRETE GALLEGOS, FIRST VICE. SECOND VICE PRESIDENT.
MERINO JOSE FRANCISCO LOPEZ, FRANCISCO ROBERTO DURAN LORENZANA, THIRD VICE. FOURTH VICE.
CARLOS ARMANDO REYES RAMOS, FIFTH VICE.
PEÑA LORENA GUADALUPE MENDOZA, MENJIVAR VICENTE MANUEL ESQUIVEL, First Secretary. Second Secretary.
SALGADO SANDRA MARLENE GARCIA, JOSE RAFAEL MACHUCA Zelaya, Third Secretary. Fourth secretary.
IRMA VASQUEZ PALACIOS LOURDES, ERNESTO ANTONIO ANGULO MILE, QUINTA Secretariat. SIXTH SECRETARY. JOSE FRANCISCO
ZABLAH SAFIE, ORANTES SERAFIN JOSE RODRIGUEZ, seventh Secretary. EIGHTH SECRETARY.
PRESIDENTIAL HOUSE: San Salvador, on the twelfth day of May in the year two thousand and fourteen.
Published, Carlos Mauricio Funes Cartagena
, President of the Republic.
Juan Ramon Caceres Carlos Enrique Chavez, Minister of Finance.
OJ No. 85 Volume No. 403 Date: May 13, 2014 SV
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EGCG 20/06/2014 LEGISLATIVE INDEX