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Dairy Activity. Fund Financing And Sustainable Development. Creation.

Original Language Title: Actividad Lechera. Fondo Financiamiento Y Desarrollo Sustentable. Creacion.

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Legislative Power/ Eastern Republic of Uruguay
Published D.O. 4 set/015-NAº 29286

NAº 19.336 Act

FUNDING AND SUSTAINABLE DEVELOPMENT FUND FOR
DAIRY

CREACIA " N

The Senate and the CA of Representatives of the Eastern Republic of Uruguay, meeting in General Assembly,

DECREE:


ArtAculoA 1Aº. -A Sustit the first of the article 2Aº of the Law No. 18.100, of 23 February 2007, for the following:

" The Fund shall be directed, administered and represented by an Honorary Administrator Comision composed of a representative of the Ministry of Livestock, Agriculture and Fisheries, which will be chaired by a representative of the Ministry of Industry, Energaa and MinerAa, a representative of the Ministry of Economic Affairs and Finance, the President of the National Milk Institute, a representative of the Ministry of Industry. "Industry and two representatives proposed by the milk producers".

ArtAculoA 2Aº. -A Sustit the first of the article 4Aº of the Law No. 18.100, of 23 February 2007, for the following:

" The Honorary Administrator's Committee shall regularly and in an extraordinary manner, when the President or three of its members convene it. members. It will also approve its 'unique and functioning' regulation, where the 'quasrum' and 'the majority' necessary for the adoption of resolutions will be regulated. '

ArtAculoA 3Aº. -A The non-executed balance of the Fund created through the numeral 3) of the item 1Aº of the Law No 18.100, of 23 February 2007, and the remaining members in that balance of the Law No. 17,582, of 2 November 2002, will be used to finance investments for good management of effluents and control of contamination of water sources.

The National Milk Institute (Inale) will be the institution responsible for preparing the technical proposal for the use of the fund mentioned and responsible for the implementation and administration of the investments. To this end, the Fund for Financing and Sustainable Development of Dairy Activity (FFDSAL) will transfer to the Institute the entire amount allocated for these purposes.

ArtAculoA 4Aº. -A Sustit the 7Aº of the Law No. 18.100, of 23 February 2007, for the following:

" ARTACULOA 7a.A (pecuniary loan).-For the purpose of financing the Fund created by this law and destined for it, please provide a loan pecuniary in favour of the Fund for Financing and Sustainable Development of the Dairy Activity the first time to any title of the litre of fluid milk, made by the producers to a milk industrializing company that will be found legally empowered or any third party, imports of milk and milk Products in all their forms and exports of any type of milk that are directly carried out by the producers.

A will also be taxed, the affections to the own use for manufacturing or the flow of fluid milk from their own production to the Tax payers of the Economic Activities (IRAE) except for cases of affections to their own use for manufacturing that are made by artisanal producers, understanding by those who produce products with the milk produced on the premises exclusively.

A The above will be set by the Executive Branch up to a maximum of 3.5% (three with five percent) of the average milk price to the Producer determined by the Office of Agricultural Policy and Programme (OPYPA) of the Ministry of Livestock, Agriculture and Fisheries.

A That amount will be reset semi-annually by the Executive Branch, in the form of the variance between the code Buyer interbank of the last day of the month before the date of the Decree establishing the new fix and the one used in the determination of the current value, not being able to exceed the percentage established in the previous.

A For the case of the products that are imported, the pecuniary loan will be fixed taking into account the nature and composition of the products in the tables of conversion established by the Ministry of Livestock, Agriculture and Fisheries ".
ArtAculoA 5Aº. -A Sustit, then the arculoA 10 of the Law No. 18.100, of 23 February 2007, for the following: " ARTACULOA 10.A (Beneficiaries).-The Executive Branch may determine by regulatory and in consultation with the guilds of dairy producers, the need for establish mAnimos amounts of the benefit to cater especially for small milk producers.

To the resources of the Fund derived from the pecuniary loan created by the article 7Aº of the present law and of its cessation or securitization, discounted the amounts destined to constitute the mAnimos amounts to be perceived by the small producers and the costs associated with the cessation or securitization, shall be distributed exclusively among the dairy producers and shall be freely available to the dairy producers.

To the dairy producers will receive the resources of the Fund in accordance with the pro rata that is carried out taking into account the sale of litres during the periods that the regulation in good time has, for which the producers have paid the Tax on the Development of Agricultural Goods (Imeba).

to the Honorary Administrative Commission will establish the list of beneficiary producers and the respective amounts to be perceived by them, for which the producers to be beneficiaries should sign a voucher or payment commitment that will have the validity of the executive title in the event of non-compliance.

The amounts received by the dairy producers shall be considered as a liability for the same for all tax purposes, which shall be cancelled with the amounts corresponding to the pecuniary loan paid or to be paid to them retained to the producer under this law ". ArtAculoA 6Aº. -A Sustituas the artAculoA 18 of the Ley NAºA 18,100, of 23 February 2007, for the following: " ARTACULOA 18.A (Vigencia).-The pecuniary loan created by the article 7Aº of this law shall enter into force when the Executive Branch determines it and shall be maintained until all obligations arising from the cessation or securitization arising from the Fund's income to each financial trust created for such purposes are cancelled in full.

A Once the cessation or securitization of the Fund's income is cancelled, the Executive Branch may extend the validity of the pecuniary loan for up to a maximum of twenty-four months, with the objective of correcting potential transfers within the sector, a consequence of different rates of growth of producers ' referrals and as a result of their contribution to the Fund, which could be done through the Fund Financing and Sustainable Development of Dairy Activity (FFDSAL) or a trust administration.

A Once fulfilled the above, the Administrative Commission should liquidate all labor accounts and credits within the following ninety days, and must withhold the funds necessary for that purpose. " ArtAculoA 7Aº. -A retention agents should report to the Dairy Activity Financing and Sustainable Development Fund (FFDSAL) the individual inputs of the producers based on their reference to the plants, to the the effect that the personal accounts of each beneficiary can be taken. Even if the time limit for the collection of monetary provision is extended for the purposes of correcting transfers within the sector, the solidarity of the system will be maintained in all its terms, so that there is a In addition to what is received-including interest, administrative expenses, bad and unforeseen amounts-there will be no right to credit in favor of the beneficiaries. ArtAculoA 8Aº.A (Reglamentation).-The Executive Branch shall regulate this law within thirty days of its promulgation. A A A A A Sala de Sessions de la CA ¡ mara de Reps, en Montevideo, a 5 de august de 2015. ALEJANDRO SANCHEZ,
President.
Virginia Ortiz,
Secretariat. MINISTRY OF LIVESTOCK, AGRICULTURE AND FISHERIES
TO MINISTRY OF ECONOMICS AND FINANCE
A TO MINISTRY OF INDUSTRY, ENERGAA AND MINERAA Montevideo, August 14, 2015. Please note that, in the National Register of Laws and Decrees, the Act amending the provisions of the Law No. 18.100, of 23 February 2007, which creates the Fund for Financing and Sustainable Development of Dairy Activity. TABARA% VÁZQUEZ.
TABARA% AGUERRE.
DANILO ASTORI.
CAROLINA COSSE.

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Montevideo, Uruguay. Legislative Power.