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Fund Stabilization Meats. Creation. Meat Exports. Percentage. Retention.

Original Language Title: Fondo Estabilizacion Carnes. Creacion. Exportaciones Carnes. Porcentaje. Retencion.-

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Legislative Power/ Eastern Republic of Uruguay
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Law No. 13,564


MEAT STABILIZATION FUND


IT IS ESTABLISHED THAT THE BANK OF THE REPUBLIC WILL RETAIN A CERTAIN PERCENTAGE OF THE SHARES THAT APPLY TO THE EXPORTS OF MEATS FOR THE CREATION OF THE SAME.


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

DECREE:


Article 1 °.
The Banco de la República Oriental del Uruguay will directly retain 10% (ten percent) of the shares that apply to exports and deposit it in a special account called Carnes Stabilization Special ".

Article 2 °.
The Executive Branch may use the resources of that Fund to establish compensation for meat exports, in the light of the actual cost differences between the companies exporters as a result exclusively of the regular compliance of the employment regime of applicable legal status or of the norms emanating from the Councils of Salaries or of collective agreements, in force at the date of the sanction of this law. /> The annual surplus, if any, may be used by the Executive Branch to stimulate meat exports, offsetting export prices according to the competitive needs of the international market.

Article 3 °.
Modify Article 6 (G) of Law No. 12.670 of 17 December 1959, which will be worded as follows:

" G) bovine, ovine and equine meat of any kind and prepared in any form, between 0,01% (one hundredth per cent) and 50% (fifty per cent) '.

Article 4 °.
The Ministry of Livestock and Agriculture will be able to set minimum prices for the sale to the outside of the meat of all kinds according to qualities and markets. It may also, in order to ensure compliance with these prices, require exporters, the formulation of their tenders jointly or through their intermediary, as well as to distribute in such cases the participation of each undertaking in the operation.

Article 5 °.
Commune, etc.


Chamber of Sessions of the Chamber of Senators, in Montevideo, on October 14, 1966.

LUIS TROCHCOLI,
First Vice President.
Luis N. Abdullah, Secretary.


    MINISTRY OF FINANCE.
      MINISTRY OF ANIMAL HUSBANDRY AND AGRICULTURE.
       MINISTRY OF INDUSTRIES AND LABOUR.

Montevideo, October 26, 1966.




Comply, acknowledge receipt, communicate, post and insert into the National Register of Laws and Decrees.

By the Council:

HEBER.
DARDO ORTIZ.
WILSON FERREIRA ALDUNATE.
FRANCISCO M. UBILLOS.
Modest Moral Burgos,
Secretary.



línea del pie de página
Montevideo, April 1998. Legislative Power.