Resolution No. 3.437

RESOLUTION No. 003437 ------------------- Credit Contingency for the Public Sector. Amendment of Limit - Inclusion of item VI of art. 9-B and of §§ 13 to 15 of Resolution No. 2.827, of 30 March 2001. THE CENTRAL BANK OF BRAZIL, in the form of art. 9 of Law No. 4.595, of 31 December 1964, makes public that the NATIONAL MONETARY COUNCIL, in an ordinary session held on 21 December 2006, in view of the provisions of art. 4, items VI and VIII, of the aforementioned law, R E S O L V E D : Art. 1 Include item VI in art. 9-B and amend §§ 13 to 15 of Resolution No. 2.827, of 30 March 2001, which shall henceforth have the following wording: "VI - up to R$6.000.000.000,00 (six billion reais) allocated for the financing of environmental sanitation actions, observing the provisions of § 1; ............................................................ § 13. For the operations provided for in items V and VI of this article, the financial institution shall engage an independent audit to prepare annual opinions on compliance with the Agreements referred to in § 3, item IV, and shall forward them to the Ministry of Cities and the Ministry of Finance by 31 October of each year, starting from the year following the year of engagement. § 14. The contracting of the credit operations referred to in the caput, items V and VI, shall be preceded by qualification by the Ministry of Cities, under the terms of regulation, observing the requirements established in this resolution. § 15. The sub-limit of R$1.700.000.000,00 (one billion seven hundred million reais) is established, included in the overall amount of the limits established in items V and VI of the caput, for the urban drainage portion included in the integrated sanitation projects referred to in § 1, item VI." Art. 2 Amend items I to VI of § 1 of art. 9-B of Resolution No. 2.827, of 30 March 2001, included by Resolution No. 3.338, of 23 December 2005, which shall henceforth have the following wording: "I - water supply, intended for the improvement and expansion of the coverage and/or production capacity of water supply systems, including studies, plans and projects and sanitation and environmental education actions; II - sanitary sewage, intended for the improvement and increase of the coverage of sanitary sewage systems and/or the adequate treatment and final disposal of effluents, including studies, plans and projects and sanitation and environmental education actions; III - solid waste, intended for the implementation of facilities for the adequate final disposal of urban solid waste and the closure of open dumps and the recovery of areas degraded by the inadequate deposition of urban solid waste, including studies, plans and projects and sanitation and environmental education actions; IV - institutional development, intended for the implementation of programs for the modernization of institutional management and operational improvements, including cost and loss reduction, aiming at strengthening managerial,
regulatory, operational and technological capacities and increasing the efficiency of water and sewage service providers, urban cleaning and solid waste management and stormwater management, including studies, plans and projects and sanitation and environmental education actions; V - urban drainage, including micro and macro drainage works, as well as other measures to combat and prevent flooding and to recover environmentally degraded areas, including studies, plans and projects and sanitation and environmental education actions; and VI - integrated sanitation, primarily covering the set of modalities provided for in items I to V, including studies, plans and projects and sanitation and environmental education actions." Art. 3 This Resolution enters into force on the date of its publication. Brasília, 22 January 2007. Henrique de Campos Meirelles President