Resolution CMN No. 3453 — Includes art. 9º-J in Resolution No. 2,827 of March 30, 2001, establishing a financing line of the National Bank for Economic and Social Development (BNDES) for credit operations under the School Road Program

RESOLUTION NO. 3453

Includes art. 9º-J in Resolution No. 2,827 of March 30, 2001, establishing a financing line of the National Bank for Economic and Social Development (BNDES), for the contracting of credit operations within the scope of the School Road Program.

THE CENTRAL BANK OF BRAZIL, in accordance with art. 9 of Law No. 4,595 of December 31, 1964, makes public that the MONETARY NATIONAL COUNCIL, in a session held on April 26, 2007, based on art. 4, items VI and VIII, of the aforementioned law,

RESOLVES:

Art. 1. Article 9º-J is included in Resolution 2,827 of March 30, 2001, with the following wording:

"Art. 9º-J. The contracting of new credit operations is authorized, until December 31, 2009, in the global amount of up to R$300,000,000.00 (three hundred million reais), destined for the acquisition of specific vehicles for the transport of students of basic education from the schools of the states and municipalities, within the scope of a program proposed by the Federal Executive Power, through a financing line of the National Bank for Economic and Social Development (BNDES).

§ 1. The contracting of credit operations provided for in the caput of this article shall observe the following financing conditions:

I - financiable items: motor vehicles for collective transport, as well as vessels, new, of national manufacture, in the form and according to specifications defined in a Resolution of the Deliberative Council of the FNDE/MEC specific to the School Road Program;

II - interest rate: Long-Term Interest Rate (TJLP) increased by a bank spread limited to 4% p.a. (four percent per annum);

III - term: up to 72 (seventy-two) months, including up to 6 (six) months of grace period;

IV - financing limits: to be defined by Resolution of the Deliberative Council of the FNDE/MEC specific to the School Road Program.

§ 2. The states and municipalities interested in requesting the credit operations provided for in the caput of this article shall observe the following requirements:

I - obtaining authorization for indebtedness of the federation entity with the National Treasury Secretariat;

II - adherence to the price registry made available by the National Fund for the Development of Education (FNDE) of the Ministry of Education;

III - compliance with the other requirements for obtaining credit required by BNDES, within the scope of the School Road Program.

§ 3. For the allocation of the global value provided for in the caput of this article among the Federative Units, limits shall be established, according to criteria defined by the Ministry of Education."

Art. 2. Financial institutions shall require, prior to contracting, proof that the credit operation of each federation entity meets the limits and conditions established in Complementary Law No. 101 of May 4, 2000, and in Resolutions of the Federal Senate No. 40/2001 and 43/2001.

Art. 3. Financial institutions shall proceed with the registration of the contracting of operations in the Credit Operations Registration System with the Public Sector (CADIP), in accordance with the legislation in force.

Art. 4. This resolution enters into force on the date of its publication.

Brasília, April 26, 2007.

Antonio Gustavo Matos do Vale
President, interim