Lei nº 10.177, de 12 de janeiro de 2001 - Dispõe sobre as operações com recursos dos Fundos Constitucionais de Financiamento do Norte, do Nordeste e do Centro-Oeste, de que trata a Lei nº 7.827, de 27 de setembro de 1989, e dá outras providências (Law No. 10,177 of 12 January 2001 on operations with resources of the Constitutional Financing Funds of the North, Northeast and Centre-West)

English translation of the Portuguese text from planalto.gov.br (the Portuguese text is the official one). Retrieved 2026-10-26.

Presidency of the Republic

Civil House

Deputy Office for Legal Affairs

LAW No. 10.177, OF JANUARY 12, 2001

Compiled text

Veto Message

Conversion of Provisional Measure No. 2.133-29, of 2001

Provides for operations with resources from the Constitutional Financing Funds of the North, Northeast and Central-West, referred to in Law No. 7.827, of September 27, 1989, and makes other provisions.

THE PRESIDENT OF THE REPUBLIC I make known that the National Congress decrees and I sanction the following Law:

Art. 1 As of January 14, 2000, the financial charges on financings granted with resources from the Constitutional Financing Funds of the North, Northeast and Central-West, referred to in Law No. 7.827, of September 27, 1989, shall be the following:

I - rural operations:

a) family farmers included in the National Program for Strengthening Family Agriculture – PRONAF: those defined in the legislation and regulation of that Program;

b) mini producers, their cooperatives and associations: six percent per year;

c) small and medium producers, their cooperatives and associations: eight point seventy-five percent per year;

d) large producers, their cooperatives and associations: ten point seventy-five percent per year;

II - industrial, agro-industrial and tourism operations:

a) microenterprise: eight point seventy-five percent per year;

b) small business: ten percent per year;

c) medium-sized business: twelve percent per year;

d) large business: fourteen percent per year.

III - commercial and service operations:

a) microenterprise: eight point seventy-five percent per year;

b) small business: ten percent per year;

c) medium-sized business: twelve percent per year;

d) large business: fourteen percent per year.

IV - forestry operations intended for the regularization and recovery of degraded legal reserve areas: four percent per year. (Included by Provisional Measure No. 432, of 2008).

IV - forestry operations intended for the regularization and recovery of degraded legal reserve and permanent preservation areas: 4% (four percent) per year.

(Wording given by Law No. 11.775, of 2008)

§ 1

(VETOED)

§ 2 The

del credere

of the administering bank, limited to three percent per year, is included in the financial charges collected by the Constitutional Funds and shall be reduced by a percentage identical to the percentage guaranteed by guarantee funds.

§ 3 The financing contracts shall contain a clause establishing that the financial charges shall be reviewed annually and whenever the Long-Term Interest Rate - TJLP shows accumulated variation, upward or downward, greater than thirty percent.

§ 4 In the month of January of each year, observing the provisions of the preceding paragraph, the Executive Branch, upon a joint proposal from the Ministries of Finance and National Integration, may make adjustments to the financial charge rates, limited to the percentage variation of the TJLP in the period.

§ 5 On the charges referred to in items "b", "c" and "d" of Item I and the items of Items II and III of this article, compliance bonuses of twenty-five percent shall be granted to borrowers that carry out their activities in the semi-arid region of the Northeast and fifteen percent to borrowers in other regions, provided that the installment of the debt is paid by the respective due date.

§ 6 In the event of misapplication of the resources, the borrower shall lose, without prejudice to the applicable judicial measures, including those of an enforcement nature, any and all benefits, especially those relating to the compliance bonus.

§ 6 In the event of inclusion of a Municipality in the semi-arid region after contracting the financing, the bonus referred to in § 5 shall be increased to twenty-five percent as of the date of effectiveness of said change in status.

(Wording given by Provisional Measure No. 432, of 2008).

§ 6 In the event of inclusion of a municipality in the semi-arid region after contracting the financing, the bonus referred to in § 5 of this article shall be increased to 25% (twenty-five percent), as of the date of effectiveness of said change in status.

(Wording given by Law No. 11.775, of 2008)

§ 7 In the event of misapplication of the resources, the borrower shall lose, without prejudice to the applicable judicial measures, including those of an enforcement nature, any and all benefits, especially those relating to the compliance bonus.

(Included by Provisional Measure No. 432, of 2008).

§ 7 In the event of misapplication of the resources, the borrower shall lose, without prejudice to the applicable judicial measures, including those of an enforcement nature, any and all benefits, especially those relating to the compliance bonus. (Wording given by Law No. 11.775, of 2008)

Art. 1 For financings with resources from the Constitutional Financing Funds of the North, Northeast and Central-West, the financial charges and the compliance bonus shall be defined by the National Monetary Council, through a proposal from the Ministry of National Integration, observing the guidelines of the National Regional Development Policy. (Wording given by Provisional Measure No. 581, of 2012)

§ 1 The financial charges and the compliance bonus referred to in the caput may be differentiated or favored depending on the purpose of the credit, the size of the beneficiary, the sector of activity and the location of the enterprise. (Wording given by Provisional Measure No. 581, of 2012)

§ 2 The financial charges may be favored in the cases of: (Wording given by Provisional Measure No. 581, of 2012)

I - forestry operations intended for the financing of projects for the conservation and protection of the environment, recovery of degraded or altered areas and development of sustainable activities; and (Included by Provisional Measure No. 581, of 2012)

II - operations for financing science, technology and innovation projects. (Included by Provisional Measure No. 581, of 2012)

§ 3 In the event of diversion in the application of the resources, the borrower shall lose, without prejudice to the applicable judicial measures, including those of an enforcement nature, any and all benefits, especially those related to the bonus for timely payment. (Text as amended by Provisional Measure No. 581, of 2012)

§ 4 In the event of the establishment of financial charges or bonus for timely payment that results in a reduction of financial cost for the borrower, the resolution of the National Monetary Council shall define whether the new charges and bonus established shall apply, as of the effective date of the reduction, to financing agreements already contracted. (Text as amended by Provisional Measure No. 581, of 2012)

§ 5 The

del credere of the administering bank, limited to three percent per year, is included in the financial charges collected by the Constitutional Funds and shall be reduced by a percentage identical to the percentage guaranteed by guarantee funds. (Text as amended by Provisional Measure No. 581, of 2012)

§ 6

The financial charges and bonus for timely payment already established shall remain in force until the date prior to the effective date of the new financial charges and bonus for timely payment that are defined by the National Monetary Council. (Text as amended by Provisional Measure No. 581, of 2012)

Art. 1 For financing with resources from the Constitutional Financing Funds of the North, Northeast and Center-West, the financial charges and the bonus for timely payment shall be defined by the National Monetary Council, through a proposal from the Ministry of National Integration, observing the guidelines of the National Policy for Regional Development and in accordance with the respective regional development plans. (Text as amended by Law No. 12.793, of 2013)

Art. 1 The financial charges and the bonus for timely payment applicable to financing of rural credit operations with resources from the Constitutional Financing Fund of the North - FNO, the Constitutional Financing Fund of the Northeast - FNE and the Constitutional Financing Fund of the Center-West - FCO shall be defined by the National Monetary Council, through a proposal from the Ministry of National Integration, observing the guidelines of the National Policy for Regional Development and in accordance with the respective regional development plans. (Text as amended by Provisional Measure No. 812, of 2017)

(Effective Date)

Art. 1 The financial charges and the bonus for timely payment applicable to financing of rural credit operations with resources from the Constitutional Financing Fund of the North (FNO), the Constitutional Financing Fund of the Northeast (FNE) and the Constitutional Financing Fund of the Center-West (FCO) shall be defined by the National Monetary Council, through a proposal from the Ministry of National Integration, observing the guidelines of the National Policy for Regional Development and in accordance with the respective regional development plans. (Text as amended by Law No. 13.682, of 2018)

I - (revoked):

(Included by Law No. 12.793, of 2013)

a) (revoked);

(Included by Law No. 12.793, of 2013)

b) (revoked);

(Included by Law No. 12.793, of 2013)

c) (revoked);

(Included by Law No. 12.793, of 2013)

d) (revoked).

(Included by Law No. 12.793, of 2013)

II - (revoked):

(Included by Law No. 12.793, of 2013)

a) (revoked);

(Included by Law No. 12.793, of 2013)

b) (revoked);

(Included by Law No. 12.793, of 2013)

c) (revoked)

; (Included by Law No. 12.793, of 2013)

d) (revoked).

(Included by Law No. 12.793, of 2013)

III - (revoked):

(Included by Law No. 12.793, of 2013)

a) (revoked);

(Included by Law No. 12.793, of 2013)

b) (revoked);

(Included by Law No. 12.793, of 2013)

c) (revoked);

(Included by Law No. 12.793, of 2013)

d) (revoked).

(Included by Law No. 12.793, of 2013)

IV - (revoked).

(Included by Law No. 12.793, of 2013)

§ 1 (VETOED).

(Text as amended by Law No. 12.793, of 2013)

§ 2 The financial charges and the bonus for timely payment referred to in the

caput

may be differentiated or favored based on the purpose of the credit, the size of the beneficiary, the sector of activity and the location of the enterprise.

(Text as amended by Law No. 12.793, of 2013)

§ 3 The financial charges may be reduced in the case of credit operations intended for:

(Text as amended by Law No. 12.793, of 2013)

I - financing of projects for conservation and protection of the environment, recovery of degraded or altered areas, recovery of native vegetation and development of sustainable activities;

(Included by Law No. 12.793, of 2013)

II - financing of science, technology and innovation projects;

III - (VETOED);

(Included by Law No. 12,793, of 2013)

IV - (VETOED); and

(Included by Law No. 12,793, of 2013)

V - (VETOED).

(Included by Law No. 12,793, of 2013)

§ 4 (VETOED).

(Wording given by Law No. 12,793, of 2013)

§ 5 In the event of diversion in the application of the resources, the borrower shall lose, without prejudice to the applicable judicial measures, including those of an executory nature, any and all benefits, especially those related to the payment compliance bonus. (Wording given by Law No. 12,793, of 2013)

(Revoked by Provisional Measure No. 812, of 2017)

(Effectiveness)

§ 5 (Revoked).

(Wording given by Law No. 13,682, of 2018)

§ 6 In the event of the establishment of financial charges or payment compliance bonus that results in a reduction of financial cost for the borrower, the resolution of the National Monetary Council shall define whether the new charges and bonus established shall apply, from the effective date of the reduction, to financing agreements already contracted.

(Wording given by Law No. 12,793, of 2013)

§ 7 The del

credere of the administering bank, limited to up to 3% (three percent) per year, is included in the financial charges collected by the Constitutional Funds and shall be reduced by a percentage identical to the percentage guaranteed by guarantee funds.

(Included by Law No. 12,793, of 2013)

(Revoked by Provisional Measure No. 812, of 2017)

(Effectiveness)

§ 7 (Revoked).

(Wording given by Law No. 13,682, of 2018)

§ 8 The financial charges and payment compliance bonus already established shall remain in effect until the date prior to the effective date of the new financial charges and payment compliance bonus that are defined by the National Monetary Council. (Included by Law No. 12,793, of 2013)

§ 9 In the proposal referred to in the

caput

a reducer shall be applied to the financial charges, to be set based on the Regional Imbalance Coefficient - CDR, resulting from the ratio between the per capita household income of the region covered by the respective fund and the per capita household income of the Country. (Included by Provisional Measure No. 733, of 2016)

§ 9 In the proposal referred to in the caput a reducer shall be applied to the financial charges, to be set based on the Regional Imbalance Coefficient - CDR, resulting from the ratio between the per capita household income of the region covered by the respective fund and the per capita household income of the Country. (Included by Law No. 13,340, of 2016)

Art. 1-A. The financial charges applicable to financing of non-rural credit operations with resources from the FNO, the FNE and the FCO shall be calculated monthly, pro rata die, considering the following components: (Included by Provisional Measure No. 812, of 2017)

(Effectiveness)

I - the Monetary Update Factor - FAM, composed of the variation of the Broad National Consumer Price Index - IPCA, calculated by the Brazilian Institute of Geography and Statistics - IBGE or by another index that may replace it; (Included by Provisional Measure No. 812, of 2017)

(Effectiveness)

II - the fixed portion of the Long-Term Rate - TLP, calculated under the terms of

art. 3 of Law No. 13,483, of 21 September 2017; (Included by Provisional Measure No. 812, of 2017)

(Effectiveness)

III - the CDR, defined by the ratio between the per capita household income of the region covered by the respective fund and the per capita household income of the Country, limited to a maximum of one whole; (Included by Provisional Measure No. 812, of 2017)

(Effectiveness)

IV - the Program Factor - FP, calculated according to the type of operation or the purpose of the project, as defined below: (Included by Provisional Measure No. 812, of 2017)

(Effectiveness)

a) factor one, for investment operation for entrepreneurs with annual gross revenue of up to R$ 90,000,000.00 (ninety million); (Included by Provisional Measure No. 812, of 2017)

(Effectiveness)

b) factor one and three tenths, for investment operation for entrepreneurs with annual gross revenue above R$ 90,000,000.00 (ninety million reais); (Included by Provisional Measure No. 812, of 2017)

(Effectiveness)

c) factor one and five tenths, for working capital operation for entrepreneurs with annual gross revenue of up to R$ 90,000,000.00 (ninety million reais); (Included by Provisional Measure No. 812, of 2017)

(Effectiveness)

d) factor one and eight tenths, for working capital operation for entrepreneurs with annual gross revenue above R$ 90,000,000.00 (ninety million reais); (Included by Provisional Measure No. 812, of 2017)

(Effectiveness)

e) factor eight tenths, for financing of investment project in water and sewage infrastructure and in logistics; (Included by Provisional Measure No. 812, of 2017)

(Effectiveness)

f) factor five tenths, for financing of investment project in innovation of up to R$ 200,000.00 (two hundred thousand reais); and (Included by Provisional Measure No. 812, of 2017)

(Effectiveness)

g) factor nine tenths, for financing of investment project in innovation above R$ 200,000.00 (two hundred thousand reais); and (Included by Provisional Measure No. 812, of 2017)

(Effectiveness)

V - payment compliance bonus, with factor of: (Included by Provisional Measure No. 812, of 2017)

(Effectiveness)

a) eighty-five hundredths, provided that the installment of the debt is paid by the respective due date; and (Included by Provisional Measure No. 812, of 2017)

(Vigência)

b) an integer, in the other cases. (Included by Provisional Measure No. 812, of 2017)

(Vigência)

§ 1 For the purposes of calculating the financial charges referred to in the caput, the following formula shall be applied: (Included by Provisional Measure No. 812, of 2017)

(Vigência)

Interest Rate of the Constitutional Funds - TFC = (FAM) x [1 + (BA x CDR x FP x Prefixed Interest of the TLP)]^(DU/252) - 1 (Included by Provisional Measure No. 812, of 2017)

(Vigência)

§ 2 The TFC shall be proportional to the number of business days - DU elapsed in the month in which the financial charges on non-rural financings with resources from the FNO, FNE and FCO are incurred. (Included by Provisional Measure No. 812, of 2017)

(Vigência)

§ 3 The maximum volume of resources from the FNO, FNE and FCO allocated to the set of innovation credit lines, referred to in subparagraph “f” of item IV of the caput, shall be R$ 100,000,000.00 (one hundred million reais) per year, allocated among the funds according to the proportion used for the distribution of the resources referred to in the

sole paragraph of art. 6 of Law No. 7,827, of September 27, 1989, added, each year and for each fund, from its non-contracted budget of previous fiscal years. (Included by Provisional Measure No. 812, of 2017)

(Vigência)

§ 4 The FP, under the terms of item IV of the caput, and the limit referred to in § 3 shall be in force until December 31, 2021, from which time they shall be revised, every four years, by the National Monetary Council, upon proposal of the Ministry of National Integration, and the changes shall be limited to twenty percent of the values in force. (Included by Provisional Measure No. 812, of 2017)

(Vigência)

§ 5 Exceptionally, if there is a risk of unfeasibility of the financings with resources from the constitutional funds due to supervening factors of an economic, financial, market or legal nature, the revision referred to in § 4 may be carried out within a different period, as established in a joint act of the Ministers of State for Finance and National Integration. (Included by Provisional Measure No. 812, of 2017)

(Vigência)

§ 6 Subject to the provisions of this article, the financial charges referred to in the caput shall be calculated in accordance with the methodology defined by the National Monetary Council and the resulting rates shall be disclosed by the Central Bank of Brazil until the last business day of the month immediately preceding the month of their validity. (Included by Provisional Measure No. 812, of 2017)

(Vigência)

§ 7 The provisions of this article do not apply to student financing operations referred to in

15-D of Law No. 10,260, of July 12, 2001, contracted with resources originating from the FNO, FNE or FCO. (Included by Provisional Measure No. 812, of 2017)

(Vigência)

§ 8 A joint act of the Ministers of State for Finance and National Integration shall define the criteria for identifying operations in the classifications established in item IV of the caput. (Included by Provisional Measure No. 812, of 2017)

(Vigência)

Art. 1-B. In the event of diversion in the application of the resources referred to in this Law, the borrower shall lose the benefits to which it is entitled, especially those related to the compliance bonus, without prejudice to the applicable judicial measures, including those of an executory nature. (Included by Provisional Measure No. 812, of 2017)

(Vigência)

Art. 1-C. The del credere of the administering bank, limited to up to three percent per year, is included in the financial charges collected by the FNO, FNE and FCO and shall be reduced by a percentage identical to the percentage guaranteed by guarantee funds. (Included by Provisional Measure No. 812, of 2017)

(Vigência)

Art. 1-D. The CDR referring to the North, Northeast and Central-West regions, referred to in art. 1 and art. 1-A, shall be calculated by IBGE, based on the indicators of per capita household income and resident population obtained by the National Household Sample Survey - Continuous PNAD. (Included by Provisional Measure No. 812, of 2017)

(Vigência)

(See Decree No. 9,291, of 2018)

Sole paragraph. An act of the President of the Republic shall regulate the system for calculating and updating the CDR. (Included by Provisional Measure No. 812, of 2017)

(Vigência)

Art. 1-A. The financial charges incident on financings of non-rural credit operations with resources from the FNO, FNE and FCO shall be calculated monthly, pro rata die, considering the following components: (Included by Law No. 13,682, of 2018)

Art. 1-A The financial charges and the compliance bonus incident on financings of non-rural credit operations with resources from the FNO, FNE and FCO shall be defined by the National Monetary Council, upon proposal of the Ministry of Regional Development, observing the guidelines of the National Regional Development Policy and in accordance with the respective regional development plans. (Redaction given by Provisional Measure No. 1,052, of 2021)

I - the Monetary Adjustment Factor (FAM), derived from the variation of the Broad National Consumer Price Index (IPCA), calculated by the Brazilian Institute of Geography and Statistics Foundation (IBGE), or of another index that may replace it; (Included by Law No. 13,682, of 2018)

(Revoked by Provisional Measure No. 1,052, of 2021)

II - the prefixed portion of the Long-Term Rate (TLP), calculated and disclosed under the terms of art. 3 and the sole paragraph of art. 4 of Law No. 13,483, of September 21, 2017; (Included by Law No. 13,682, of 2018)

(Revoked by Provisional Measure No. 1,052, of 2021)

III - the Regional Imbalance Coefficient (CDR), defined by the ratio between the per capita household income of the region covered by the respective Fund and the per capita household income of the Country, limited to a maximum of 1 (one integer); (Included by Law No. 13,682, of 2018)

(Revoked by Provisional Measure No. 1,052, of 2021)

IV - the Program Factor (FP), calculated in accordance with the type of operation or the purpose of the project, defined as follows: (Included by Law No. 13,682, of 2018)

(Repealed by Provisional Measure No. 1,052, of 2021)

a) factor 0.7 (seven tenths), for investment operations for individuals with gross annual income of up to R$ 50,000.00 (fifty thousand reais), as per the Individual Income Tax Return (DIRPF), and for entrepreneurs classified as microenterprises or small businesses, in accordance with the criteria established in art. 3 of Complementary Law No. 123, of 14 December 2006; (Included by Law No. 13,682, of 2018)

(Repealed by Provisional Measure No. 1,052, of 2021)

b) factor 1 (one whole), for investment operations for individuals with gross annual income above R$ 50,000.00 (fifty thousand reais) up to R$ 100,000.00 (one hundred thousand reais), as per DIRPF, and for entrepreneurs not classified as microenterprises or small businesses, in accordance with the criteria established in art. 3 of Complementary Law No. 123, of 14 December 2006, with gross annual revenue of up to R$ 90,000,000.00 (ninety million reais); (Included by Law No. 13,682, of 2018)

(Repealed by Provisional Measure No. 1,052, of 2021)

c) factor 1.5 (one whole and five tenths), for investment operations for individuals with gross annual income above R$ 100,000.00 (one hundred thousand reais) up to R$ 150,000.00 (one hundred fifty thousand reais), as reported in the DIRPF, and for entrepreneurs with gross annual revenue above R$ 90,000,000.00 (ninety million reais); (Included by Law No. 13,682, of 2018)

(Repealed by Provisional Measure No. 1,052, of 2021)

d) factor 1.2 (one whole and two tenths), for working capital operations for entrepreneurs classified as microenterprises or small businesses, in accordance with the criteria established in art. 3 of Complementary Law No. 123, of 14 December 2006; (Included by Law No. 13,682, of 2018)

(Repealed by Provisional Measure No. 1,052, of 2021)

e) factor 1.5 (one whole and five tenths), for working capital operations for entrepreneurs not classified as microenterprises or small businesses, in accordance with the criteria established in art. 3 of Complementary Law No. 123, of 14 December 2006, with gross annual revenue of up to R$ 90,000,000.00 (ninety million reais); (Included by Law No. 13,682, of 2018)

(Repealed by Provisional Measure No. 1,052, of 2021)

f) factor 2 (two whole), for investment operations for individuals with gross annual income above R$ 150,000.00 (one hundred fifty thousand reais), as reported in the DIRPF, and for working capital operations for entrepreneurs with gross annual revenue above R$ 90,000,000.00 (ninety million reais); (Included by Law No. 13,682, of 2018)

(Repealed by Provisional Measure No. 1,052, of 2021)

g) factor 0.8 (eight tenths), for financing investment projects in water and sewage infrastructure and in logistics; (Included by Law No. 13,682, of 2018)

(Repealed by Provisional Measure No. 1,052, of 2021)

h) factor 0.5 (five tenths), for financing investment projects in innovation of up to R$ 200,000.00 (two hundred thousand reais); and (Included by Law No. 13,682, of 2018)

(Repealed by Provisional Measure No. 1,052, of 2021)

i) factor 0.9 (nine tenths), for financing investment projects in innovation above R$ 200,000.00 (two hundred thousand reais); (Included by Law No. 13,682, of 2018)

(Repealed by Provisional Measure No. 1,052, of 2021)

V - the Location Factor (FL), defined as follows: (Included by Law No. 13,682, of 2018)

(Repealed by Provisional Measure No. 1,052, of 2021)

a) factor 0.9 (nine tenths), for financing projects located in Municipalities considered priority by the respective Deliberative Councils of the Regional Development Superintendencies, respecting the priority areas of the National Regional Development Policy; and (Included by Law No. 13,682, of 2018)

(Repealed by Provisional Measure No. 1,052, of 2021)

b) factor 1.1 (one whole and one tenth), in other cases; (Included by Law No. 13,682, of 2018)

(Repealed by Provisional Measure No. 1,052, of 2021)

VI - the Payment Compliance Bonus (BA), defined as follows: (Included by Law No. 13,682, of 2018)

(Repealed by Provisional Measure No. 1,052, of 2021)

a) factor 0.85 (eighty-five hundredths), in cases where the installment of the debt is paid by the respective due date; and (Included by Law No. 13,682, of 2018)

(Repealed by Provisional Measure No. 1,052, of 2021)

b) factor 1 (one whole), in other cases. (Included by Law No. 13,682, of 2018)

(Repealed by Provisional Measure No. 1,052, of 2021)

§ 1 The financial charges referred to in the caput of this article shall correspond to the Interest Rate of the Constitutional Funds (TFC), calculated in accordance with the formula contained in the Annex to this Law. (Included by Law No. 13,682, of 2018)

(Repealed by Provisional Measure No. 1,052, of 2021)

§ 2 The TFC shall be proportional to the number of business days (DU) elapsed in the month in which the financial charges are incurred on non-rural financings with resources from the FNO, FNE and FCO. (Included by Law No. 13,682, of 2018)

(Repealed by Provisional Measure No. 1,052, of 2021)

§ 3 The maximum volume of resources from the FNO, FNE and FCO allocated to all the innovation credit lines referred to in subparagraph h of item IV of the caput of this article shall be R$ 100,000,000.00 (one hundred million reais) per year, allocated among the Funds according to the proportion used for the distribution of resources referred to in the sole paragraph of art. 6 of Law No. 7,827, of 27 September 1989, and may be added, each year and for each Fund, with the amount not contracted in the respective credit lines in previous fiscal years. (Included by Law No. 13,682, of 2018)

(Repealed by Provisional Measure No. 1,052, of 2021)

§ 4 The factors defined by items IV and V of the caput of this article and the limit referred to in § 3 of this article shall be in force until 31 December 2019, and from that date onward shall be revised every four years by the National Monetary Council, upon a proposal from the Ministry of National Integration, with changes, upward or downward, limited to a variation of 20% (twenty percent).

(Included by Law No. 13,682 of 2018)

(Repealed by Provisional Measure No. 1,052 of 2021)

§ 5 Exceptionally, if there is a risk of unfeasibility of the financings with resources from the Constitutional Financing Funds due to supervening factors of an economic, financial, market or legal nature, the revision referred to in § 4 of this article may be carried out within a different period, as established in a joint act of the Ministers of State for Finance and National Integration. (Included by Law No. 13,682 of 2018)

(Repealed by Provisional Measure No. 1,052 of 2021)

§ 6 Subject to the provisions of this article, the financial charges referred to in the caput of this article shall be calculated in accordance with the methodology defined by the National Monetary Council, and the resulting rates shall be disclosed by the Central Bank of Brazil by the last business day of the month immediately preceding the month of their entry into force. (Included by Law No. 13,682 of 2018)

(Repealed by Provisional Measure No. 1,052 of 2021)

Art. 1-A. The financial charges and the payment compliance bonus applicable to non-rural credit transaction financings with resources from the FNO, the FNE and the FCO shall be defined by the National Monetary Council, upon a proposal from the Ministry of Regional Development, observing the guidelines of the National Regional Development Policy and in accordance with the respective regional development plans. (Text given by Law No. 14,227 of 2021)

I - (repealed); (Text given by Law No. 14,227 of 2021)

II - (repealed); (Text given by Law No. 14,227 of 2021)

III - (repealed); (Text given by Law No. 14,227 of 2021)

IV - (repealed); (Text given by Law No. 14,227 of 2021)

a) (repealed); (Text given by Law No. 14,227 of 2021)

b) (repealed); (Text given by Law No. 14,227 of 2021)

c) (repealed); (Text given by Law No. 14,227 of 2021)

d) (repealed); (Text given by Law No. 14,227 of 2021)

e) (repealed); (Text given by Law No. 14,227 of 2021)

f) (repealed); (Text given by Law No. 14,227 of 2021)

g) (repealed); (Text given by Law No. 14,227 of 2021)

h) (repealed); (Text given by Law No. 14,227 of 2021)

i) (repealed); (Text given by Law No. 14,227 of 2021)

V - (repealed); (Text given by Law No. 14,227 of 2021)

a) (repealed); (Text given by Law No. 14,227 of 2021)

b) (repealed); (Text given by Law No. 14,227 of 2021)

VI - (repealed); (Text given by Law No. 14,227 of 2021)

a) (repealed); (Text given by Law No. 14,227 of 2021)

b) (repealed). (Text given by Law No. 14,227 of 2021)

§ 1 (Repealed). (Text given by Law No. 14,227 of 2021)

§ 2 (Repealed). (Text given by Law No. 14,227 of 2021)

§ 3 (Repealed). (Text given by Law No. 14,227 of 2021)

§ 4 (Repealed). (Text given by Law No. 14,227 of 2021)

§ 5 (Repealed). (Text given by Law No. 14,227 of 2021)

§ 6 (Repealed). (Text given by Law No. 14,227 of 2021)

§ 7 The student financing operations referred to in art. 15-D of Law No. 10,260 of 12 July 2001, contracted with resources originating from the FNO, the FNE or the FCO shall have their financial charges defined by the National Monetary Council, upon a proposal from the Managing Committee of the Student Financing Fund (CG-Fies), and may include a payment compliance bonus and application of the CDR. (Included by Law No. 13,682 of 2018)

§ 8 A joint act of the Ministers of State for Finance and National Integration shall define the criteria for identifying the operations in the classifications established in item IV of the caput and in § 9 of this article. (Included by Law No. 13,682 of 2018)

(Repealed by Provisional Measure No. 1,052 of 2021)

§ 8 A joint act of the Ministers of State for Economy and Regional Development shall define the criteria for identifying the operations in the classifications established in § 9 of this article. (Text given by Law No. 14,227 of 2021)

§ 9 (VETOED).

§ 9 The Union is authorized to grant economic subsidy, in the form of equalization of interest rates, as of 1 January 2019, to the Brazilian National Bank for Economic and Social Development (BNDES), in infrastructure financing operations contracted for financing programs in the North, Northeast and Central-West regions, respecting the guidelines and priorities established by the Deliberative Councils of the Regional Development Superintendencies.

(Included by Law No. 13,682 of 2018)

(Repealed by Provisional Measure No. 1,052 of 2021)

§ 9 The Union is authorized to grant economic subsidy, in the form of equalization of interest rates, as of 1 January 2019, to the Brazilian National Bank for Economic and Social Development (BNDES), in infrastructure financing operations contracted for financing programs in the North, Northeast and Central-West regions, respecting the guidelines and priorities established by the Deliberative Councils of the Regional Development Superintendencies.

(Included by Law No. 13,682 of 2018)

§ 10. (VETOED).

§ 10. The interest equalization referred to in § 9 of this article shall correspond to the difference between the charge of the final borrower, to be calculated under the terms provided in the caput and §§ 1 to 8 of this article, and the cost of the source of resources, plus the remuneration of BNDES, the financial agents accredited by it or the Financier of Studies and Projects (Finep).

(Included by Law No. 13,682 of 2018)

(Repealed by Provisional Measure No. 1,052 of 2021)

§ 10. The interest equalization referred to in § 9 of this article shall correspond to the difference between the charge to the final borrower, to be calculated under the terms provided in the caput and §§ 1 to 8 of this article, and the cost of the funding source, plus the remuneration of BNDES, of the financial agents accredited by it or of the Financiadora de Estudos e Projetos (Finep).

(Included by Law No. 13,682, of 2018)

§ 11. (VETOED).

§ 11. The National Monetary Council shall establish the necessary conditions for contracting the financings referred to in § 9 of this article, and the Ministry of Finance shall be responsible for regulating the other conditions for granting the respective economic subsidy, including the definition of the methodology for payment of the interest rate equalization referred to in § 10 of this article.

(Included by Law No. 13,682, of 2018)

(Repealed by Provisional Measure No. 1,052, of 2021)

§ 11. The National Monetary Council shall establish the necessary conditions for contracting the financings referred to in § 9 of this article, and the Ministry of Finance shall be responsible for regulating the other conditions for granting the respective economic subsidy, including the definition of the methodology for payment of the interest rate equalization referred to in § 10 of this article.

(Included by Law No. 13,682, of 2018)

§ 12. (VETOED).

§ 12. The definition of the guarantees to be provided in the financings referred to in § 9 of this article shall be at the discretion of BNDES, and the charges of the guarantee funds referred to in art. 7 of Law No. 12,087, of 11 November 2009, may be included in the financing amount of the contracted operations.

(Included by Law No. 13,682, of 2018)

(Repealed by Provisional Measure No. 1,052, of 2021)

§ 12. The definition of the guarantees to be provided in the financings referred to in § 9 of this article shall be at the discretion of BNDES, and the charges of the guarantee funds referred to in art. 7 of Law No. 12,087, of 11 November 2009, may be included in the financing amount of the contracted operations.

(Included by Law No. 13,682, of 2018)

§ 13. (VETOED).”

§ 13. The Ministry of Finance shall publish on the internet, by the last day of the month following each two-month period, regarding the provisions of § 9 of this article, the following statements:

(Included by Law No. 13,682, of 2018)

I - of the fiscal impact of the operations, together with the calculation methodology used, considering the funding cost of the federal government and the amount owed by the Union; and

(Included by Law No. 13,682, of 2018)

II - of the amounts recorded as unpaid commitments in the interest rate equalization operations, in the last fiscal year and in the total accumulated amount.

(Included by Law No. 13,682, of 2018)

§ 14. The financial charges and the payment compliance bonus referred to in the caput may be differentiated or favored depending on the purpose of the credit, the size of the beneficiary, the sector of activity and the location of the project. (Included by Provisional Measure No. 1,052, of 2021)

§ 15. The financial charges may be reduced in the case of credit operations intended to finance projects: (Included by Provisional Measure No. 1,052, of 2021)

I - for conservation and protection of the environment, recovery of degraded or altered areas, recovery of native vegetation and development of sustainable activities; and (Included by Provisional Measure No. 1,052, of 2021)

II - of science, technology and innovation. (Included by Provisional Measure No. 1,052, of 2021)

§ 16. In the event of establishment of financial charges or payment compliance bonus that results in a reduction of financial cost for the borrower, the resolution of the National Monetary Council shall define whether the new charges and bonus established shall apply, from the effective date of the reduction, to financings already contracted. (Included by Provisional Measure No. 1,052, of 2021)

§ 17. In the proposal referred to in the caput, a reducer shall be applied to the financial charges, to be set based on the Regional Imbalance Coefficient - CDR, resulting from the ratio between the per capita household income of the region covered by the respective fund and the per capita household income of the Country. (Included by Provisional Measure No. 1,052, of 2021)

§ 14. The financial charges and the payment compliance bonus referred to in the

caput of this article may be differentiated or favored depending on the purpose of the credit, the size of the beneficiary, the sector of activity and the location of the project. (Included by Law No. 14,227, of 2021)

§ 15. The financial charges may be reduced in the case of credit operations intended to finance projects: (Included by Law No. 14,227, of 2021)

I - for conservation and protection of the environment, recovery of degraded or altered areas, recovery of native vegetation and development of sustainable activities; and (Included by Law No. 14,227, of 2021)

II - of science, technology and innovation. (Included by Law No. 14,227, of 2021)

§ 16. In the event of establishment of financial charges or of payment compliance bonus that results in a reduction of financial cost for the borrower, a resolution of the National Monetary Council shall define whether the new charges and payment compliance bonus established shall apply, from the effective date of the reduction, to financings already contracted. (Included by Law No. 14,227, of 2021)

§ 17. In the proposal referred to in the

caput of this article, a reducer shall be applied to the financial charges, to be set based on the Regional Imbalance Coefficient (CDR), resulting from the ratio between the household income

per capita of the region covered by the respective fund and the household income

per capita of the Country. (Included by Law No. 14,227, of 2021)

Art. 1º-B. In the event of deviation in the application of the resources dealt with in this Law, the borrower shall lose the benefits to which it is entitled, especially those related to the payment bonus, without prejudice to the applicable judicial measures, including those of an executory nature. (Included by Law No. 13,682, of 2018)

Art. 1-C. The del credere of the administering bank, limited to 3% (three percent) per year, is contained in the financial charges collected by the FNO, the FNE and the FCO and shall be reduced by a percentage identical to the percentage guaranteed by guarantee funds. (Included by Law No. 13,682, of 2018)

Art. 1-C The del credere of financial institutions shall be set by the National Monetary Council, through a proposal from the Ministry of Regional Development, observing the following: (Redaction given by Provisional Measure No. 1,052, of 2021)

(See Law No. 14,227, of 2021)

I - it is limited to 5.5% (five point five percent) per year; and (Included by Provisional Measure No. 1,052, of 2021)

(See Law No. 14,227, of 2021)

II - it is contained in the financial charges collected in operations with resources from the Constitutional Funds, in accordance with current legislation. (Included by Provisional Measure No. 1,052, of 2021)

(See Law No. 14,227, of 2021)

Art. 1-C. The del credere of the administering bank, limited to 3% (three percent) per year, is contained in the financial charges collected by the FNO, the FNE and the FCO and shall be reduced by a percentage identical to the percentage guaranteed by guarantee funds. (Included by Law No. 13,682, of 2018)

Art. 1-D. The CDR referring to the North, Northeast and Central-West regions, referred to in arts. 1 and 1-A of this Law, shall be calculated by IBGE, based on the indicators of per capita household income and resident population, determined by the Continuous National Household Sample Survey (PNAD Contínua). (Included by Law No. 13,682, of 2018)

§ 1 For the exclusive purpose of calculating the CDR to be applied to the financial charges incident on the financing of credit operations with resources from the Constitutional Financing Funds, the following federative entities shall be considered: (Included by Law No. 13,682, of 2018)

I - FNO: States of Acre, Amazonas, Amapá, Pará, Roraima, Rondônia and Tocantins; (Included by Law No. 13,682, of 2018)

II - FNE: States of Maranhão, Piauí, Ceará, Rio Grande do Norte, Paraíba, Pernambuco, Alagoas, Sergipe and Bahia; and (Included by Law No. 13,682, of 2018)

III - FCO: States of Mato Grosso do Sul, Mato Grosso and Goiás and the Federal District. (Included by Law No. 13,682, of 2018)

§ 2 An act of the President of the Republic shall regulate the system for calculating and updating the CDR. (Included by Law No. 13,682, of 2018)

Art. 2 The resources of the Constitutional Financing Funds, disbursed by the administering banks, shall be remunerated by the charges agreed with the debtors, excluding the corresponding del credere.

(Revoked by Provisional Measure No. 1,052, of 2021)

Art. 3 The administering banks of the Constitutional Financing Funds are authorized to adopt, in assumptions, renegotiations, extensions and compositions of debts, the following conditions:

I - the outstanding balance of the operation, for the purpose of debt renegotiation, shall be calculated without including charges for default, fines, late payment interest and attorney fees;

II - beneficiaries: borrowers of financings granted until 31 December 1998, with resources from the Constitutional Financing Funds;

III - financial charges: those set in art. 1, with the incidence of the bonuses established in its § 5;

IV - term: up to ten years, added to the final term of the operation, establishing a new amortization schedule set according to the debtor's payment capacity.

§ 1 Operations negotiated under Law No. 9,138, of 29 November 1995, are not eligible for renegotiation under the terms of this article.

§ 2 Borrowers interested in the renegotiation, extension and composition of debts dealt with in this article shall formally express their interest to the administering banks within 60 days, counting from the publication of this Law.

(See Provisional Measure No. 2,199, of 2001)

§ 3 The period of 180 days is established, counting from the publication of this Law, for the conclusion of renegotiations, extensions and compositions of debts supported by resources from the Constitutional Funds, including in the alternative form dealt with in art. 4.

(See Provisional Measure No. 2,199, of 2001)

§ 2 Borrowers interested in the renegotiation, extension and composition of debts dealt with in this article shall formally express their interest to the administering banks.

(Redaction given by Law No. 10,437, of 25.4.2002)

§ 3 The deadline until 29 June 2002 is established for the conclusion of renegotiations, extensions and compositions of debts supported by resources from the Constitutional Funds, including in the alternative form dealt with in art. 4. (Redaction given by Law No. 10,437, of 25.4.2002)

§ 3 The deadline until 31 October 2002 is established for the conclusion of renegotiations, extensions and compositions of debts supported by resources from the Constitutional Funds, including in the alternative form dealt with in art. 4 of this Law. (Redaction given by Law No. 10,464, of 24.5.2002)

§ 3 The deadline until 31 March 2003 is established for the conclusion of renegotiations, extensions and compositions of debts supported by resources from the Constitutional Funds, including in the alternative form dealt with in art. 4 of this Law.

(Redaction given by Law No. 10,646, of 28.3.2002)

(See Law No. 10,696, of 2003)

§ 4 Operations originally contracted under the Constitutional Financing Funds that fall within the provisions of this article and have been recomposed with resources from other sources of the financial agents may be renegotiated based on this Law, at the discretion of the operating banks.

§ 5 The debit balances of the operations dealt with in the previous paragraph, for the purpose of reversion to the Constitutional Financing Funds, shall be updated, as of the date of exclusion of the financings from the accounts of the Funds, with financial charges not exceeding the Long-Term Interest Rate (TJLP) and without imputing charges for default and attorneys' fees.

§ 6 The provisions of this article do not apply to operations in which misappropriation of resources has been verified.

§ 7

(VETOED)

§ 8

(VETOED)

§ 9 The banks administering the Constitutional Financing Funds shall provide borrowers with a statement of calculation of the evolution of the balances of the financing account.

Art. 4 The banks administering the Constitutional Financing Funds are authorized, if it is in the interest of the borrowers of financings supported by resources of the Funds and alternatively to the conditions established in the previous article, to renegotiate rural credit operations under the terms of Resolution No. 2,471, of 26 February 1998, of the National Monetary Council, and its subsequent amendments.

§ 1

(VETOED)

§ 2 In the renegotiations dealt with in this article, the administering banks may finance, with resources of the Constitutional Financing Funds, the acquisition of National Treasury Certificate - CTN, adopting for this operation a maximum term of five years, with the charges dealt with in art. 1.

Art. 5 The borrower who becomes delinquent, after having renegotiated, extended or restructured its debt under the terms of this Law, may not take new financings from official banks until the situation of the respective debt is regularized.

Art. 6 In each operation of the Constitutional Funds, contracted as of 1 December 1998, excluding that arising from the renegotiation, extension and restructuring dealt with in art. 3, the operational risk of the administering bank shall be fifty percent, with an equal percentage attributable to the respective Fund.

Sole paragraph. Any losses arising from amounts not settled in each financing operation shall be apportioned between the parties in the percentages set forth in the caput.

Art. 6-A In financings granted with resources of the Constitutional Financing Funds, as of 1 July 2004, to beneficiaries of groups "B", "A/C", Pronaf-Semi-árido and Pronaf-Floresta, members of the regulations of the National Program for Strengthening Family Agriculture - Pronaf, the risk shall be assumed entirely by the respective Constitutional Fund.

(Included by Law No. 11,011, of 2004)

Sole paragraph. In operations formalized with full risk of the Constitutional Financing Funds carried out within the scope of Pronaf, the financial agents shall be entitled to remuneration, to be defined by the National Monetary Council, intended to cover costs arising from the operationalization of the Program. (Included by Law No. 11,011, of 2004)

(Revoked by Provisional Measure No. 581, 2012)

(Revoked by Law No. 12,793, of 2013)

Art. 6-B In operations formalized with resources of the Constitutional Financing Funds within the scope of the National Program for Strengthening Family Agriculture – PRONAF, carried out with beneficiaries of any group, modality and line of credit, with operational risk assumed entirely by the respective Constitutional Fund or operational risk shared between the respective administering banks and Constitutional Fund, the banks shall be entitled to remuneration to be defined by the National Monetary Council, on a proposal from the Ministry of National Integration, intended to cover costs arising from the operationalization of the Program. (Included by Provisional Measure No. 581, of 2012)

Art. 6-B. In operations formalized with resources of the Constitutional Financing Funds within the scope of the National Program for Strengthening Family Agriculture - PRONAF, carried out with beneficiaries of any group, modality and line of credit, with operational risk assumed entirely by the respective Constitutional Fund or operational risk shared between the respective administering banks and Constitutional Fund, the banks shall be entitled to remuneration to be defined by the National Monetary Council, on a proposal from the Ministry of National Integration, intended to cover costs arising from the operationalization of the Program.

(Included by Law No. 12,793, of 2013)

Art. 6-C. (VETOED) (Included by Law No. 13,682, of 2018)

Art. 7 The banks administering the Constitutional Financing Funds and the Regional Investment Funds shall provide the Ministry of National Integration, in the manner to be determined by it, with the information necessary for the supervision, monitoring and control of the application of resources and for the performance evaluation of these Funds.

Sole paragraph. Without prejudice to the information currently provided, the administering banks shall be allowed an adaptation period of up to one year to comply with the provisions of the caput.

Art. 8 The Ministries of Finance and National Integration, jointly, shall establish rules for the structuring and standardization of the balance sheets and trial balances of the Constitutional Financing Funds.

Art. 8-A. The Executive Branch is authorized to institute special credit lines with resources of the Constitutional Financing Funds of the North, Northeast and Center-West, intended to serve the rural, industrial, commercial and service productive sectors of Municipalities with a situation of emergency or state of public calamity recognized by the federal Executive Branch. (Included by Provisional Measure No. 565, of 2012)

§ 1 The special credit lines must be temporary and with a term determined as a result of the type and intensity of the event that caused the situation of emergency or state of public calamity.

(Included by Provisional Measure No. 565, of 2012)

§ 2 The special credit lines may be differentiated according to the credit modalities and the productive sectors involved. (Included by Provisional Measure No. 565, of 2012)

§ 3 The resources for the special credit lines shall be allocated to beneficiaries in the regions of operation of the Constitutional Funds referred to in the caput. (Included by Provisional Measure No. 565, of 2012)

§ 4 The financial charges, terms, limits, purposes and other conditions of the financing shall be defined by the National Monetary Council, based on a proposal submitted by the Ministry of National Integration. (Included by Provisional Measure No. 565, of 2012)

Art. 8-A. The Executive Branch is authorized to establish special credit lines with resources from the Constitutional Financing Funds of the North, Northeast and Center-West, aimed at serving the rural, industrial, commercial and service productive sectors of Municipalities with a state of emergency or public calamity recognized by the federal Executive Branch. (Included by Law No. 12,716, of 2012)

§ 1 The special credit lines must be temporary and with a determined term as a result of the type and intensity of the event that caused the state of emergency or public calamity. (Included by Law No. 12,716)

§ 2 The special credit lines may be differentiated according to the credit modalities and the productive sectors involved. (Included by Law No. 12,716, of 2012)

§

3 The resources for the special credit lines shall be allocated to beneficiaries in the regions of operation of the Constitutional Funds referred to in the caput. (Included by Law No. 12,716, of 2012)

§ 4 The financial charges, terms, limits, purposes and other conditions of the financing shall be defined by the National Monetary Council, based on a proposal submitted by the Ministry of National Integration. (Included by Law No. 12,716, of 2012)

§ 5 The resources that make up the Constitutional Financing Fund of the Northeast - FNE shall be allocated, on a priority basis, to the special credit lines referred to in the caput, aiming to provide greater coverage to the emergency situation caused by the long drought. (Included by Law No. 12,716, of 2012)

Art. 9 Law No. 7,827, of September 27, 1989, shall come into force with the following amendments:

"Art. 4 ..............................................................................................................................

§ 1 The Constitutional Financing Funds may finance non-governmental economic infrastructure undertakings up to the limit of ten percent of the resources provided, in each year, for the respective Funds.

...................................................................................................................................." (NR)

"§ 3 The Constitutional Financing Funds may finance commercial and service undertakings up to the limit of ten percent of the resources provided, in each year, for the respective Funds."

"Art. 7 The National Treasury Secretariat shall release to the Ministry of National Integration, on the same dates and, where applicable, according to the same system adopted in the transfer of resources from the Participation Funds of the States, the Federal District and the Municipalities, the amounts destined to the Constitutional Financing Funds of the North, Northeast and Center-West, and the Ministry of National Integration shall, observing this same system, transfer the resources directly in favor of the federal institutions of a regional nature and Banco do Brasil S.A.

Sole paragraph. The Ministry of Finance shall inform, monthly, the Ministry of National Integration and the managing banks of the Constitutional Financing Funds of the sum of the collection of the income tax and proceeds of any nature and the tax on industrialized products, the amount of releases made for each Fund, as well as the forecast of dates and amounts of the three immediately subsequent releases." (NR)

"Art. 9

Observing the guidelines established by the Ministry of National Integration, the managing banks may transfer resources from the Constitutional Funds to other institutions authorized to operate by the Central Bank of Brazil, with proven technical capacity and with operational and administrative structures capable of carrying out, safely and in strict compliance with the established guidelines and norms, credit programs specifically created for this purpose." (NR)

"Art. 13. The administration of the Constitutional Financing Funds of the North, Northeast and Center-West shall be distinct and autonomous and, observing the attributions provided by law, exercised by the following bodies:

I - Deliberative Council of the Superintendencies of Development of the Amazon and Northeast and the Deliberative Council of the Constitutional Financing Fund of the Center-West;

II - Ministry of National Integration; and

III - financial institution of a regional nature and Banco do Brasil S.A." (NR)

"Art. 14. It is incumbent upon the Deliberative Council of the Superintendencies of Development of the Amazon and Northeast and the Deliberative Council of the Constitutional Financing Fund of the Center-West:

I - to approve, annually, by December 15, the financing programs of each Fund, with the respective financing ceilings per borrower;

......................................................................................................................

III - to evaluate the results obtained and determine the adjustment measures necessary for compliance with the approved guidelines." (NR)

"Art. 15. The attributions of each of the federal financial institutions of a regional nature and of Banco do Brasil S.A., under the terms of the law, are:

I - to apply the resources and implement the credit granting policy in accordance with the programs approved by the respective Deliberative Councils;

II - define norms, procedures and operational conditions specific to banking activity, respecting, among others, the guidelines contained in the financing programs approved by the Deliberative Councils of each Fund;

III - classify the proposals within the ranges of charges and grant the credits;

IV - formalize contracts for the transfer of resources in the manner provided for in art. 9;

V - render accounts on the results achieved, performance and status of resources and applications to the Ministry of National Integration, which shall submit them to the Deliberative Councils;

VI - exercise other activities inherent to the application of resources and the recovery of credits.

Sole paragraph. By September 30 of each year, the financial institutions referred to in the caput shall forward to the Ministry of National Integration the proposal for the application of resources relating to the financing programs for the following fiscal year." (NR)

"Art. 15-A. By November 15 of each year, the Ministry of National Integration shall forward to the Deliberative Council of the Superintendencies for the Development of the Amazon and the Northeast and to the Deliberative Council of the Constitutional Financing Fund of the Central-West the proposals for the application of resources relating to the financing programs for the following fiscal year." (NR)

"Art. 17.

(VETOED) "

"Art. 20 . The managing banks of the Constitutional Financing Funds shall present, semi-annually, to the Ministry of National Integration, a detailed report on the activities carried out and the results obtained.

........................................................................................................................................................

§ 5 The Ministry of National Integration shall forward to the Deliberative Council of the Superintendencies for the Development of the Amazon and the Northeast and to the Deliberative Council of the Constitutional Financing Fund of the Central-West the reports referred to in the caput." (NR)

Art. 10. Law No. 9.126 of November 10, 1995, shall now be in force with the following amendments:

"Art. 4

The daily balances of the resources of the Constitutional Financing Funds of the North, Northeast and Central-West Regions, of FINOR, of FINAM and of FUNRES, as well as of the resources deposited in the manner of art. 19 of Law No. 8.167 of January 16, 1991, while not disbursed by the managing and operating banks, shall be remunerated based on the extra-market rate disclosed by the Central Bank of Brazil. (NR)

"Art. 8

(VETOED) "

Art. 11. Art. 1 of Law No. 9.808 of July 20, 1999, shall now be in force with the following wording:

"Art. 1 .............................................................................................................................

§ 1

The application referred to in this article may be carried out in the manner of art. 9 of Law No. 8.167 of January 16, 1991, or in composition with the resources referred to in art. 5 of the same Law.

.........................................................................................................................................

§ 4

In the event of the use of resources referred to in art. 5 of Law No. 8.167 of 1991, the amount may not exceed fifty percent of the total participation of the Fund in the project, and the debentures to be subscribed shall be fully non-convertible into shares, observing the other norms that govern the matter.

§ 5 The subscription of debentures referred to in the previous paragraph shall not be computed in the limit of thirty percent of the annual budget set in § 1 of art. 5 of Law No. 8.167 of 1991." (NR)

Art. 12. The provisions of art. 1 of Law No. 9.808 of 1999, in the wording given by this Law, apply to projects approved up to September 27, 1999.

Art. 13. Art. 2 of Law No. 8.167 of January 16, 1991, shall now be in force with the following wording:

"Art. 2 The deadlines and percentages for the allocation of resources referred to in art. 5 of Decree-Law No. 1.106 of June 16, 1970, and art. 6 of Decree-Law No. 1.179 of July 6, 1971, and subsequent amendments, for application in projects relevant to the development of the Amazon and the Northeast, under the responsibility of the Ministry of National Integration, are maintained until the fiscal year 2013, corresponding to the base period of 2012. (NR)

Art. 14. This Law enters into force on the date of its publication.

Art. 15. Art. 11 and § 2 of art. 16 of Law No. 7.827 of September 27, 1989, are revoked; arts. 1, 3, 5,

6; § 3 of art. 8 and art. 13 of Law No. 9.126 of November 10, 1995.

Art. 16. The acts practiced based on Provisional Measure No. 2.035-28 of December 21, 2000, are ratified.

Brasília, January 12, 2001; 180th of Independence and 113th of the Republic.

FERNANDO HENRIQUE CARDOSO

Pedro Malan

Martus Tavares

Fernando Bezerra

This text does not replace the one published in the DOU of 15.1.2001

*