Resolution CMN No. 4217 — Amends Resolution No. 4,170 of December 20, 2012, Establishing Conditions for Financing Subject to Economic Subsidies Under Laws No. 12,096 of November 24, 2009, and No. 12,409 of May 25, 2011

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 and 30, 2013, based on Article 4, item VI, of Law No. 4,595 of December 31, 1964, and on Section 6 of Article 1 of Law No. 12,096 of November 24, 2009,

RESOLVES:

Article 1. Article 1 of Resolution No. 4,170 of December 20, 2012, shall be amended to read as follows:

“Article 1 ..................................................................

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XVI - “Transformers” Subprogram:

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d) interest rate to the final beneficiary:

1. 5% (five percent) per annum, for operations contracted between April 16, 2012, and April 30, 2013;

2. 3.5% (three and five-tenths percent) per annum, for operations contracted between May 1, 2013, and December 31, 2013;

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XVII - “Innovation” Subprogram:

a) beneficiaries: companies, with headquarters and administration in Brazil, individual entrepreneurs, limited liability individual companies, associations, and foundations;

b) financeable items: Innovation Business Plan, including company capacity building to innovate, research and development infrastructure, and potentially disruptive or incremental product, process, and marketing innovations.

c) resource limit: up to R$3,500,000,000.00 (three billion and five hundred million reais);

d) interest rate to the final beneficiary:

1. 4% (four percent) per annum, for operations contracted between April 16, 2012, and December 31, 2012;

2. 3.5% (three and five-tenths percent) per annum, for operations contracted between January 1, 2013, and December 31, 2013;

e) repayment term: up to 144 (one hundred and forty-four) months, including up to 48 (forty-eight) months of grace period for the principal.

XVIII - “Efficient Machinery and Equipment” Subprogram:

a) beneficiaries: companies, with headquarters and administration in Brazil, individual entrepreneurs, limited liability individual companies, associations, and foundations; legal entities of Public Law, at the state, municipal, and Federal District levels;

b) financeable items: acquisition, financial leasing, or production of machinery and equipment with higher energy efficiency indices or that contribute to the reduction of greenhouse gas emissions, qualified by BNDES for this Subprogram, including electric, hybrid, or other models with electric traction buses, and the associated working capital.

c) resource limit: up to R$500,000,000.00 (five hundred million reais);

d) interest rate to the final beneficiary:

1. 5% (five percent) per annum for operations supporting electric, hybrid, or other models with electric traction buses contracted between April 1, 2011, and September 30, 2012;

2. 2.5% (two and five-tenths percent) per annum, for operations supporting electric, hybrid, or other models with electric traction buses contracted between October 1, 2012, and December 31, 2012;

3. 3.5% (three and five-tenths percent) per annum, for operations contracted between January 1, 2013, and December 31, 2013;

e) repayment term: up to 144 (one hundred and forty-four) months, including up to 48 (forty-eight) months of grace period for the principal.

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Article 2. This Resolution enters into force on the date of its publication.

Alexandre Antonio Tombini
President of the Central Bank of Brazil