RegAlertRule · BCB · 29 Apr 2021 · Resolução CMN 4907
Resolution CMN No. 4,907 — Defines Resources for Financing under the Coffee Economy Defense Fund (Funcafé)
The General Budget of the Union (OGU) must direct 2021 Funcafé resources as specified in Article 1. This resolution replaces Article 1, Section 8 of Chapter 9 of the Manual of Rural Credit (MCR) from Resolution CMN No. 4,889. It enters into force on May 1, 2021.
Resolution No. 4,907
The current text of the MCR can be found at the following electronic address: www3.bcb.gov.br/mcr.
RESOLUTION CMN NO. 4,907, OF APRIL 29, 2021
Defines the resources for financing under the Coffee Economy Defense Fund (Funcafé).
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 a session held on April 29, 2021, considering the provisions of Article 4, item VI, of Law No. 4,595 of 1964, Articles 4 and 14 of Law No. 4,829 of November 5, 1965, the sole paragraph of Article 4 of Decree No. 94,874 of September 15, 1987, and Article 6 of Law No. 10,186 of February 12, 2001,
R E S O L V E S:
Article 1. Section 8 (Resource Allocation) of Chapter 9 (Coffee Economy Defense Fund – Funcafé) of the Manual of Rural Credit (MCR), contained in the annex to Resolution CMN No. 4,889 of February 26, 2021, shall enter into force with the following alterations:
“1 - The resources allocated in the General Budget of the Union (OGU) for the Coffee Economy Defense Fund (Funcafé), in the 2021 fiscal year, shall be directed as follows:
a) Operating Credit Section: up to R$1,600,000,000.00 (one billion and six hundred million reais);
b) Marketing Credit Section: up to R$2,208,500,000.00 (two billion, two hundred and eight million and five hundred thousand reais);
c) Financing for Coffee Acquisition (FAC) Section: up to R$1,353,912,000.00 (one billion, three hundred and fifty-three million and nine hundred and twelve thousand reais);
d) Credit for Options Contracts and Futures Market Operations Section: R$0.00 (zero);
e) Working Capital Credit for Soluble Coffee and Coffee Roasting Industries and Production Cooperatives Section: up to R$630,500,000.00 (six hundred and thirty million and five hundred thousand reais);
f) Credit for Recovering Damaged Coffee Plantations Section: up to R$160,000,000.00 (one hundred and sixty million reais).”
Article 2. This Resolution enters into force on May 1, 2021.
Roberto de Oliveira Campos Neto
President of the Central Bank of Brazil
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The links and the sentences they come from (5)
- Amends
- Resolution CMN No. 4,889 of February 26, 2021Not in RegAlert
“contained in the annex to Resolution CMN No. 4,889 of February 26, 2021, shall enter into force with the following alterations”
- Issued under
“and Article 6 of Law No. 10,186 of February 12, 2001”
“Articles 4 and 14 of Law No. 4,829 of November 5, 1965”
“in accordance with Article 9 of Law No. 4,595 of December 31, 1964”
- Decree No. 94,874 of September 15, 1987Not in RegAlert
“the sole paragraph of Article 4 of Decree No. 94,874 of September 15, 1987”
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