Resolution No. 3,438

RESOLUTION No. 003438 ------------------- Credit Contingency for the Public Sector - Adds art. 9-I to Resolution No. 2,827, of 30 March 2001 - Authorizes the contracting of credit operations under the Housing Assistance Program through the Public Authorities - Pró-Moradia. 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 extraordinary session held on 18 January 2007, based on art. 4, VI and VIII, of the aforementioned law, R E S O L V E D : Art. 1 To add to Resolution 2,827, of 30 March 2001, art. 9-I, with the following wording: "Art. 9-I The contracting of new credit operations is authorized, in the global amount of up to R$ 1,000,000,000.00 (one billion reais), intended for the urbanization and regularization of precarious settlements, the production of housing complexes and the institutional development of states, municipalities, the Federal District and their respective non-dependent state-owned companies, under the Housing Assistance Program through the Public Authorities (Pró-Moradia) of the Ministry of Cities. § 1 The requirements for the contracting of credit operations provided for in the caput of this article are: I - proof of payment capacity with the Financial Agent of the operation; II - obtaining of eligibility and selection with the Ministry of Cities, in compliance with the specific regulations governing Pró-Moradia; and III - obtaining of indebtedness authorization of the federative entity with the National Treasury Secretariat of the Ministry of Finance; § 2 For the allocation of the amount provided for in the caput of this article among the Federative Units, limits shall be established, according to criteria defined by the Ministry of Cities, up to the global limit established in the caput of this article. § 3 Financial institutions shall register the contracting of operations in the Credit Operations Registry System with the Public Sector (CADIP), in accordance with the legislation in force. § 4 At the time of contracting the operations provided for in the caput of this article, financial institutions must proceed with the cancellation of proposals that had been previously registered in the Operations Registry System with the Public Sector (CADIP). § 5 Financial institutions that contract credit operations based on this article shall forward a statement, by the end of the month following the reference month, according to the attached model, to the Ministry of Cities, containing the outstanding balance, the amounts disbursed in the period, proving the use of the resources in the actions provided for in the caput of this article and the forecast of disbursements for the next 12 months. § 6 The Ministry of Cities shall forward to the Ministry of Finance, fifteen days after receiving the statements, a consolidated report of the information referred to in paragraph 5." Art. 2 This Resolution enters into force on the date of its
publication. Brasília, 22 January 2007. Henrique de Campos Meirelles President ANNEX --------------------------------------------------------------------- MONITORING OF HOUSING CREDIT OPERATIONS (PRÓ-MORADIA) - CMN RESOLUTION No. 3,438, OF 22 JANUARY 2007 --------------------------------------------------------------------- FINANCIAL INSTITUTION: IDENTIFICATION OF THE OPERATION: POSITION AS OF: R$ --------------------------------------------------------------------- | | |DIS- |ALLOCATION | FORECAST OF | RETURNS | | | |BURSE-|OF RESOURCES | DISBURSEMENTS | OCCURRED/ | | |BALANCE |MENTS |DISBURSED| FUTURE | FORECAST | |DATE|DEBTOR|OCCUR-|-------------|----------------|------------------ | | |RED|VALUE|ALLOCA- |DATE|VA- |ALLOCA-|DATE|PRIN-|INTEREST | | | | | |TION | |LUE |TION | |CIPAL| | |----|-------|-----|-----|-------|----|----|------|----|-----|------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |----|-------|-----|-----|-------|----|----|------|----|-----|------| |TO- | | | | | | | | | | | |TAL | | | | | | | | | | | |----|-------|-----|-----|-------|----|----|------|----|-----|------| RESPONSIBLE: