SAN MARINO


We the Captains Regent of the Most Serene Republic of San Marino



In view of article 4 of the Constitutional Law no.185 / 2005 and Article 6 of Qualified Law
186/2005;
Promulgate and publish the following ordinary law approved by the Great and General Council
its meeting on September 17, 2012:



LAW 19 September 2012 136


AMENDMENTS TO THE LAW 22 December 2011 No 200, III ^
CHANGE IN FORECAST STATE BUDGET AND CHANGES TO THE FORECAST FINANCIAL STATEMENTS OF

INDEPENDENT STATE OF COMPANIES FOR THE FINANCIAL YEAR 2012 || |


Art. 1

The second paragraph of Article 19 of Law 22 December 2011 n. 200 is amended as follows:


For the purposes of Article 29 of Law 22 of 24 February 1994, the AASLP
is authorized to make available to the Township Councils the sum of € 315,000.00 to be charged on the relevant chapters of the Budget
Company same.

Art. 2

Article 21 of Law 22 December 2011 n. 200 as amended is amended as follows:

"Art.21
(Mortgage tie)
2


And 'it allowed the lighting of a mortgage balance of the Budget deficit for 2012
up to the amount of € 27,694,292.21. ".

Art. 3

The second paragraph of Article 23 of Law 22 December 2011 n. 200 is amended as follows:
"Under Article 9 of the law 3 August 2009 n. 109 on Cap. 2-5-7227 "Interest subsidy
and account fees for Facilitated Credit outstanding in support of economic activities
(Law n.109 / 2009)" is earmarked for 2012 l 'amount of € 1,000,000.00. ".

Art. 4

The second paragraph of Article 33 of Law 22 December 2011 n. 200 is amended as follows:
"On 01/03/2385 Chapter" Operating Expenses San Marino Card "are set aside for the year 2012
€ 374,303.89 for the incurrence of operating costs, improvement and || | promotion of the project also in order to support the development of commercial tourism sector. ".


Art.5
According to Article 25 of Law 30 of February 18, 1998, in compliance with resolution of the Congress of State
n. 13 of September 4, 2012, has approved the framework of the III ^
Changes to the Budget of the State for the financial year 2012 - Annex "A" - referred to in Article 1
of Law 22 December 2011 n . 200 as well as changed by Article 4 of Law 18 July 2012 n.
85 and Article 1 of Law 2 August 2012 n. 112, which is amended as follows:


Provisional state of the Entry Title 1-Tax revenues

€ 447.837.500,00
Title 2-Revenue extratributarie € 79,250,072.00
Title 3-Alienation, depreciation of assets
and repayments of loans
€ 1.511.000,00
Title 4 Revenue from power-mortgage € 102,694,292.21
Title 5-Matches around € 30,436,000.00
General total revenue € 661,728,864.21


Forecast State of Output Title 1-Ongoing charges


€ 510.564.750,20
Title 2-Capital expenditures € 112,790,013.34
Title 3-Repayment of loans € 7,938,100.67
Title 4-games-turn €
30,436,000.00 Total General Expenses € 661,728,864.21

Art. 6

According to Article 25 of Law 30 of February 18, 1998, in compliance with resolution of the Board of Directors
n. 5 of 5 September 2012, it has approved the framework of
Changes to the Company's Annual Forecast Autonomous Philatelic Numismatic for the financial year 2012
- Annex "B" - referred to in Article 2 of the Law of 22 December 2011 n. 200, which is amended
:

3

Forecasting an Entrance State
Title-1 Current revenues € 4,862,000.00
Title 2-extraordinary Revenue € //
Title 3-Capital movements € 366,698.86
Title 4-Special Accounts € 19,765,000.00
Title 5-Matches around € 939,000.00
General Revenue Total € 25,932,698.86 | ||

forecast for Output State Title 1-Ongoing charges € 4,104,000.00
Title 2-Outputs capital € 466,698.86
Title 3-Capital movements € 658,000.00
Title 4-Special Accounts € 19,765,000.00
Title 5-Matches around € 939,000.00
General Total Expenses € 25,932,698.86

Art. 7

Dell'art.25 Pursuant to Law 30 of February 18, 1998, in compliance with resolution of the Board of Directors
n. 1 of 22 August 2012, it has approved the framework of the change to the Autonomous Company
Forecast Budget for Public Works for the 2012 financial year - Annex

"C" - referred to in Article 3 of Law 22 December 2011 n. 200 as well as varied
art.5 of Law 18 July 2012 n. 85, which is amended as follows:

Forecasting an Entrance State
Title-1 Current revenues € 21,896,000.00
Title 2 and balance sheet Revenue € 5,000.00
Title 4-Special Accounts € 900,000.00
Title 6-Matches
around € 12,888,000.00 Total € 35,689,000.00 General Revenue || |

forecast for Output State Title 1-Ongoing charges € 12,130,000.00
Title 2-Extraordinary Expenses € 9,480,000.00
Title 3-Capital expenditures € 291,000.00
Title 5-Special Accounts € 900,000.00
Title 6-Matches around € 12,888,000.00
General Total Expenses € 35,689,000.00


Art.8
According to Article 25 of Law 30 of February 18, 1998, on
relevant resolution of the Board of Directors on September 13, 2012 13 Minutes, it has approved the scheme
Changes to Report forecast of the University for the financial year 2012, Annex
"G" - referred to in Article 7 of the Law 200 of December 22, 2011, which is amended as follows:


Provisional state of the Entry Title 1-ordinary Login

€ 3.410.000,00



4

Title 2-extraordinary entrance € 2,136,432.00
Title 3-Entry into the capital account € 351,000.00
Title 4-Matches around € 550,000.00
General Total Revenue € 6,447. 432.00


Forecast State of Output Title 1-Ongoing charges



€ 5.750.432,00 Title 2-Capital expenditures € 147,000.00
Title 3-Matches around € 550,000.00
Total General Expenses € 6,447,432.00 || |



Art.9
This Law shall enter into force on the fifth day following that of its legal publication
.



Our Residence, this day of September 19 2012/1712 dFR



THE CAPTAINS REGENT
Maurizio Rattini - Italo Righi



THE SECRETARY OF STATE FOR INTERNAL AFFAIRS Valeria Ciavatta