Approval Of Loan Agreement With American Development Bank Idb The Amount Of $ 15,000,000.

Original Language Title: APRUÉBASE CONTRATO DE PRÉSTAMO CON EL BANCO INTERAMERICANO DE DESARROLLO BID, POR UN MONTO DE $15,000,000.

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INDEX LEGISLATIVE DECREE No. 1055

THE LEGISLATURE OF THE REPUBLIC OF EL SALVADOR, CONSIDERING
:
I.- by Legislative Decree No. 1005, dated February 15, 2012, published in the Official Journal No. 40, Volume No. 394 of 28 of the same year, the Legislature 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 the Republic of El Salvador a Loan Agreement with the Inter-American Development Bank (IDB), for an amount of up to FIFTEEN MILLION DOLLARS oF tHE UNITED STATES oF AMERICA (US $ 15,000,000.00), resources to be used to finance the "Connectivity Program rural North Zone and East. "
II.- That the aforementioned Loan Agreement was signed on March 12, 2012, by the Minister of Finance, in correspondence to the authorization granted by Legislative Decree No. 1005 before related.
III should be approved in all parts of the Loan Agreement, 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 Loan Agreement No. 2581 / OC-EN signed on March 12, 2012, between the Government of the Republic of El Salvador and the Inter-American Development Bank (IDB), for an amount up FIFTEEN MILLION DOLLARS oF tHE UNITED STATES oF AMERICA (US $ 15,000,000.00), resources to be used to finance the "Rural Connectivity Program in North Zone and East."
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, on the nineteenth day of April in the year two thousand and twelve.
OTHON Sigfrido Reyes Morales, president. CIRO
ZEPEDA PEÑA CRUZ, GUILLERMO ANTONIO NAVARRETE GALLEGOS, FIRST VICE. SECOND VICE PRESIDENT.
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LEGISLATIVE INDEX
MERINO JOSE FRANCISCO LOPEZ, ALBERTO ROMERO ARMANDO RODRIGUEZ, THIRD VICE. FOURTH VICE.
FRANCISCO ROBERTO DURAN LORENZANA, FIFTH VICE.
PEÑA LORENA GUADALUPE MENDOZA, CESAR GARCIA HUMBERTO AGUILERA, First Secretary. Second Secretary.
ELIZARDO LOVO GONZÁLEZ, JOSÉ ROBERTO MUNGUÍA d'Aubuisson, Third Secretary. Fourth secretary.
LOURDES IRMA VASQUEZ PALACIOS, FIFTH Secretariat. SIXTH Secretariat.
MARIO ALBERTO GUERRERO TENORIO, SEVENTH SECRETARY.
PRESIDENTIAL HOUSE: San Salvador, this twenty-third day of April in the year two thousand and twelve.
Published, Carlos Mauricio Funes Cartagena, President of the Republic
.
Juan Ramon Caceres Carlos Enrique Chavez, Minister of Finance.
OJ No. 73 Volume No. 395 Date: April 23, 2012.
ROM / Adar 17-05-2012