2013-10-09 | Lei 12.865/2013Added
The law authorizes an extraordinary subsidy of R$12 per ton, limited to 10,000 tons, for independent sugarcane producers of the 2011/2012 harvest in the Northeast, and a subsidy of R$0.20 per liter for ethanol producers of the same harvest, with payments to be made in 2013 and 2014; it reduces the PIS/Pasep and Cofins rates to zero for amounts received under these subsidies and amends Law 12.666 to allow interest‑rate equalization subsidies to federal financial institutions for alcohol storage and cane renewal projects for up to five years; it defines payment arrangements and payment institutions, integrates them into the Brazilian Payment System, sets principles and powers for the Central Bank and the Monetary Council, and establishes that resources held in payment accounts are separate assets that cannot be seized or used as collateral.
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Veto Message
Conversion of Provisional Measure No. 615, 2013
Authorizes the payment of economic subsidy to producers of the 2011/2012 sugarcane and ethanol harvest that it specifies and the financing of the renewal and implementation of cane fields with interest‑rate equalization; provides for payment arrangements and payment institutions that are part of the Brazilian Payment System (SPB); authorizes the Union to issue, in the form of direct placement, in favor of the Energy Development Account (CDE), federal public debt securities; establishes new conditions for rural credit operations originating from, or contracted with, resources of the Northeast Constitutional Financing Fund (FNE); amends the deadlines provided in Laws No. 11,941 of May 27, 2009, and No. 12,249 of June 11, 2010; authorizes the Union to contract Banco do Brasil S.A. or its subsidiaries to manage resources, works and engineering services related to the development of projects, modernization, expansion, construction or renovation of the integrated and specialized network for assistance to women in situations of violence; regulates the digital document in the National Financial System; regulates the transfer, in case of death, of the right of private use of public area by urban equipment such as kiosks, trailers, fairs and newspaper and magazine sales stalls; amends the incidence of the Contribution to PIS/Pasep and Cofins in the production and commercialization chain of soy and its by‑products; amends Laws No. 12,666 of June 14, 2012; No. 5,991 of December 17, 1973; No. 11,508 of July 20, 2007; No. 9,503 of September 23, 1997; No. 9,069 of June 29, 1995; No. 10,865 of April 30, 2004; No. 12,587 of January 3, 2012; No. 10,826 of December 22, 2003; No. 10,925 of July 23, 2004; No. 12,350 of December 20, 2010; No. 4,870 of December 1, 1965; and No. 11,196 of November 21, 2005, and Decree No. 70,235 of March 6, 1972; revokes provisions of Laws No. 10,865 of April 30, 2004; No. 10,925 of July 23, 2004; No. 12,546 of December 14, 2011; and No. 4,870 of December 1, 1965; and provides other provisions.
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Amended 2 times · last 2021-12-29
Source: Congresso Nacional do Brasil — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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