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Debt Sector Public. Bumper. Increase. Regime.

Original Language Title: Deuda Sector Publico. Tope. Incremento. Regimen.

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Legislative Power/ Eastern Republic of Uruguay
Published D.O. 25 feb/015-NAº 29158

NAº 19.316 Act

SECTOR NET DEBT PAsBLICO

MODIFICATION OF THE RULE 4Aº OF LAW NO. 17,947, IN THE WORDING " N GIVEN BY
THE ARTACLE 266 OF THE LAW NAº 18.834

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

DECREE:


single ArtAculo. -A Sustit, then the 4Aº of the Law No 17,947of 8 January 2006, in the wording given by ArcuculoA 266 of the Law No 18,834of 4 November 2011, for the following:

" ARTACULOA 4Aº.-As of 1Aº January 2014, net national public debt in each annual year may be increased by up to a maximum equivalent to UI 9,000,000,000 (nine billion Indexed Units).

A When you measure adverse weather situations that determine that the National Administration of Usines and Electrical Transfers (UTE) must assume costs For the generation of energy, the ceiling referred to in the above inceA can be further increased by up to a maximum of 1.5% (one with five percent) of the Gross Domestic Product (GDP). In no case, for the purposes set out in this article, the extraordinary costs incurred by UTE, added to the variance of the Energy Stabilization Fund (artAculoA 773 of the Law No. 18,719, of December 27, 2010) will exceed 1.5% (one with five percent) of GDP. The Executive Branch will give an account of what has been done to the General Assembly. "

A A A A A Sala de Sessions de la CA ¡ mara de Reps, en Montevideo, a 10 de febrero de 2015.

ANABAL PEREYRA,
President.
José Pedro Montero,
Secretary.

MINISTRY OF ECONOMICS AND FINANCE

Montevideo, 18 February 2015.

CA-mplase, acorsese recibo, comunAquese, publáquese e insatirtese en el Registro Nacional de Leitos y Decretos, la Ley por la que se deputear el artAculo 4Aº de la Ley NAº 17,947, de 8 de enero de 2006, en la rédición dada por el artAculo 266 de Law No. 18,834 of 4 November 2011, related to the ceiling of the net debt of the public sector.

JOSA% MUJICA.
MARIO BERGARA.

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Montevideo, Uruguay. Legislative Power.