CMN Resolution No. 4300 — Amends Resolution No. 4.170 of December 20, 2012, Establishing Conditions for Economic Subsidy Financing Under Law No. 12.096 of November 24, 2009

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 December 30, 2013, based on Article 4, item VI, of Law No. 4.595 of 1964, and Article 1 of Law No. 12.096 of November 24, 2009,

R E S O L V E S:

Art. 1. Articles 1 and 2 of Resolution No. 4.170 of December 20, 2012, shall henceforth read as follows:

“Art. 1° ........................................................

I - Subprogram “Buses and Trucks”:

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c) Resource limit: up to R$106,917,600,000.00 (one hundred and six billion, nine hundred and seventeen million and six hundred thousand reais);

d) interest rate to the final beneficiary:

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9. 6% (six percent) per year, for operations contracted from January 1, 2014 to December 31, 2014;

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II - Subprogram “Procaminhoneiro”:

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c) resource limit: up to R$9,890,000,000.00 (nine billion, eight hundred and ninety million reais);

d) interest rate to the final beneficiary:

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7. 6% (six percent) per year, for operations contracted from January 1, 2014 to December 31, 2014;

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III - Subprogram “Capital Goods - Other Items”:

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c) Resource limit: up to R$121,090,000,000.00 (one hundred and twenty-one billion and ninety million reais);

d) interest rate to the final beneficiary:

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9. 6% (six percent) per year, for operations contracted from January 1, 2014 to December 31, 2014;

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IV - Subprogram “Capital Goods - Other Items - Micro, Small and Medium Enterprises”:

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c) Resource limit: up to R$37,500,000,000.00 (thirty-seven billion and five hundred million reais);

d) interest rate to the final beneficiary:

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6. 4,5% (four and five-tenths percent) per year, for operations contracted from January 1, 2014 to December 31, 2014;

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VI - Subprogram “Electricity”:

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c) Resource limit: up to R$3,686,000,000.00 (three billion and six hundred and eighty-six million reais);

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VII - Subprogram “Rural”:

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c) Resource limit: up to R$21,500,000,000.00 (twenty-one billion and five hundred million reais);

d) interest rate to the final beneficiary:

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5. 4,5% (four and five-tenths percent) per year in the acquisition, financial leasing or production of agricultural capital goods and the associated working capital, for operations contracted from January 1, 2014 to December 31, 2014 with Beneficiaries whose gross operating revenue/annual or annualized income, or of the economic group to which they belong, is up to R$90,000,000.00 (ninety million reais);

6. 6% (six percent) per year in the acquisition, financial leasing or production of agricultural capital goods and the associated working capital with Beneficiaries whose gross operating revenue/annual or annualized income, or of the economic group to which they belong, is greater than R$90,000,000.00 (ninety million reais) and in the acquisition of trucks, for operations contracted from January 1, 2014 to December 31, 2014;

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VIII - Subprogram “Capital Goods - Export”:

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c) Resource limit: up to R$35,400,000,000.00 (thirty-five billion and four hundred million reais);

d) interest rate to the final beneficiary:

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6. 8% (eight percent) per year, for operations contracted from January 1, 2014 to December 31, 2014;

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X - Subprogram “Export - Micro, Small and Medium Enterprises”:

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c) Resource limit: up to R$455,000,000.00 (four hundred and fifty-five million reais);

d) interest rate to the final beneficiary:

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5. 8% (eight percent) per year, for operations contracted from January 1, 2014 to December 31, 2014, in financing for the production of capital goods destined for export;

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XII - Subprogram “Innovative Capital”:

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c) resource limit: up to R$ 355,000,000.00 (three hundred and fifty-five million reais);

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XIII - Subprogram “Parts, Components and Spare Parts”:

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c) resource limit: up to R$732,500,000.00 (seven hundred and thirty-two million and five hundred thousand reais);

d) interest rate to the final beneficiary:

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4. 4% (four percent) per year, for operations contracted from January 1, 2014 to December 31, 2014;

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XIV - Subprogram “Proengineering/Innovation Production”:

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d) interest rate to the final beneficiary:

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5. 4% (four percent) per year, for operations contracted from January 1, 2014 to December 31, 2014;

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XV - Subprogram “National Technology”:

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c) resource limit: up to R$755,000,000.00 (seven hundred and fifty-five million reais);

d) interest rate to the final beneficiary:

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4. 4% (four percent) per year, for operations contracted from January 1, 2014 to December 31, 2014;

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XVI - Subprogram “Transformers”:

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c) resource limit: up to R$6,825,000,000.00 (six billion, eight hundred and twenty-five million reais);

d) interest rate to the final beneficiary:

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3. 4% (four percent) per year, for operations contracted from January 1, 2014 to December 31, 2014;

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XVII - Subprogram “Innovation”:

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c) Resource limit: up to R$4,870,000,000.00 (four billion, eight hundred and seventy million reais);

d) interest rate to the final beneficiary:

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3. 4% (four percent) per year, for operations contracted from January 1, 2014 to December 31, 2014;

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XVIII - Subprogram “Efficient Machines and Equipment”:

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c) resource limit: up to R$273,900,000.00 (two hundred and seventy-three million and nine hundred thousand reais);

d) interest rate to the final beneficiary:

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4. 4% (four percent) per year, for operations contracted from January 1, 2014 to December 31, 2014;

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XIX - Subprogram “Cerealists”:

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c) resource limit: up to R$1,550,000,000.00 (one billion, five hundred and fifty million reais);

d) interest rate to the final beneficiary:

1. 3,5% (three and five-tenths percent) per year, for operations contracted from July 1, 2013 to December 31, 2013;

2. 4,5% (four and five-tenths percent) per year, for operations contracted from January 1, 2014 to December 31, 2014 with beneficiaries whose gross operating revenue/annual or annualized income, or of the economic group to which they belong, is up to R$90,000,000.00 (ninety million reais);

3. 6% (six percent) per year, for operations contracted from January 1, 2014 to December 31, 2014 with Beneficiaries whose gross operating revenue/annual or annualized income, or of the economic group to which they belong, is greater than R$90,000,000.00 (ninety million reais).

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§ 1° The total of the financings to be subsidized by the Union shall be subject to the limit of R$364,000,000,000.00 (three hundred and sixty-four billion reais), with resources from BNDES.

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§ 5° The deadline for contracting operations shall be until December 31, 2014.

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Art. 2° .........................................................

I - Subprogram “Technological Innovation”:

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c) resource limit: up to R$4,400,000,000.00 (four billion and four hundred million reais);

d) interest rate to the final beneficiary:

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4. 4% (four percent) per year, for operations contracted from January 1, 2014 to December 31, 2014;

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II - Subprogram “Innovative Capital”:

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c) resource limit: R$3,600,000,000.00 (three billion and six hundred million reais);

d) interest rate to the final beneficiary:

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4. 4% (four percent) per year, for operations contracted from January 1, 2014 to December 31, 2014.

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§ 1º The total of the financings to be subsidized by the Union shall be subject to the limit of R$ 8,000,000,000.00 (eight billion reais), with resources from Finep.

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§ 5º The deadline for contracting operations shall be until December 31, 2014.” (NR)

Art. 2. This Resolution enters into force on the date of its publication.

Anthero de Moraes Meirelles
President of the Central Bank of Brazil, substitute