CMN Resolution No. 3690 — Amending Resolutions Nos. 3596 and 3681 within the REVITALIZA Program

RESOLUTION NO. 003690

Amends Resolutions Nos. 3596 and 3681, dated July 31, 2008 and January 29, 2009, respectively, within the scope of the REVITALIZA Program.

The Central Bank of Brazil, in accordance with Article 9 of Law No. 4,595, of December 31, 1964, makes public that the National Monetary Council, in an extraordinary session held on March 3, 2009, based on Article 4, item VI, of Law No. 4,595, of 1964, and Article 2 of Law No. 11,529, of October 22, 2007,

RESOLVED:

Article 1. Article 1 of Resolution No. 3,596, of July 31, 2008, as amended by Resolution No. 3,670, of December 17, 2008, shall henceforth read as follows:

"Article 1.............................................

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b) micro and small enterprises from municipalities in the State of Santa Catarina that had a state of emergency or state of calamity declared, according to State Decrees No. 1,897, of November 22, 2008, and No. 1,910, of November 26, 2008, and subsequent amendments, and that present a declaration containing the following elements: i) breakdown of losses or damages to equipment, production and commercialization, stocks, as well as physical structures linked to the activity; ii) justification regarding the value of the intended credit; and iii) proof that the beneficiary company has its headquarters, branch, or any other physical structure of its property located in the aforementioned municipalities;

c) companies for commercialization, industrialization, and processing of fish, from municipalities in the State of Santa Catarina that had a state of emergency or state of calamity declared, according to State Decrees No. 1,897, of November 22, 2008, and No. 1,910, of November 26, 2008, and subsequent amendments, and that present a declaration containing the following elements: i) breakdown of losses or damages to equipment, production and commercialization, stocks, as well as physical structures linked to the activity; ii) justification regarding the value of the intended credit; and iii) proof that the beneficiary company has its headquarters, branch, or any other physical structure of its property located in the aforementioned municipalities.

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b) up to 20% (twenty percent) of the Gross Operating Revenue of the last fiscal year, for companies related in item 'b' of paragraph I of this article; and

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Article 2. Item VIII of Article 1 of Resolution No. 3,681, of January 29, 2009, is hereby revoked, with the subsequent item being renumbered.

Article 3. This resolution enters into force on the date of its publication.

Brasília, March 4, 2009.

Henrique de Campos Meirelles
President