Resolution 009/99

BOARD RESOLUTION NO. 009/99
SUBJECT: BOARD – DENIAL OF THE APPEAL
FILED BY THE VICE MINISTRY OF
TREASURY AND PUBLIC CREDIT REGARDING
BOARD RESOLUTION NO. 102/98.

VIEWED:
Central Bank of Bolivia Law No. 1670 of October 31, 1995.
Letter from the Vice Ministry of Treasury and Public Credit D.C.B. OF. 05-00-99 of February 19, 1999. Report from the Legal Affairs Unit UAJUR No. 124/99 of February 25, 1999. Report from the General Secretariat S. GRAL. No. 001/99 of February 26, 1999.

CONSIDERING:
That the Vice Ministry of Treasury and Public Credit, through letter D.C.B. OF. 05- 00-99 of February 19, 1999, filed an appeal against the Board Resolution of the BCB No. 102/98 issued on November 17, 1998, while requesting its revocation as it allegedly violated the resources of the General Treasury of the Nation.

That said appeal refers to section C) Recovery of Various Expenses, item 2.- Administrative expenses for the issuance of accounting documents for third parties, of the BCB Commission and Other Income Table for the 1999 fiscal year.

That according to Article 55 of Law 1670, the Board must rule within twenty (20) days following the filing of an appeal for revocation.

That the Vice Ministry of Treasury and Public Credit became aware of the Board Resolution of the BCB No. 102/98 on January 4, 1999 and, consequently, had thirty (30) days until February 3, 1999 to file the respective appeal.

//2. R.D. No. 009/99
That the aforementioned appeal was filed only on February 18, 1999, after the term established for this purpose by Article 55 of Law 1670 had expired.

That since the appeal was filed outside the period set by law, it does not correspond to process the requested revocation.

THEREFORE,
THE BOARD OF DIRECTORS OF THE CENTRAL BANK OF BOLIVIA RESOLVES:

Article 1.- Deny the appeal for revocation filed by the Vice Ministry
of Treasury and Public Credit against Board Resolution No. 102/98, as it was filed outside the period established in Article 55 of Law 1670 of October 31, 1995.

Article 2.- The Presidency and General Management are charged with the
execution and compliance of this Resolution.

La Paz, March 2, 1999

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Juan Antonio Morales A.

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Armando Pinell S. Jaime Ponce G.

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Juan Medinaceli Fernando Campero P.