Resolution No. 3,439

RESOLUTION No. 003439 ------------------- Amends the wording of item VIII and includes item IX in paragraph 1 of art. 9 of Resolution No. 2,827, of 30 March 2001. THE CENTRAL BANK OF BRAZIL, in accordance with art. 9 of Law No. 4,595, of 31 December 1964, makes public that the NATIONAL MONETARY COUNCIL, in an extraordinary session held on 30 January 2007, based on art. 4, items VI and VIII, of the aforementioned law, R E S O L V E D: Art. 1 Item VIII is amended and item IX is included in paragraph 1 of art. 9 of Resolution No. 2,827, of 30 March 2001, with the following wording: "VIII - operations involving federal public financial institutions and state-owned companies in the electric sector, exclusively to meet the payment of debts contracted with the national financial system; IX - financing to Petrobras Transportes S.A. (Transpetro S.A.) - in the amount of up to R$5,600,000,000.00 (five billion six hundred million reais), as of this date, for the realization of investments linked to the Program for the Modernization and Expansion of the Ship Fleet (PROMEF), subject to the following cumulative disbursement schedule: - until 31 December 2007: up to R$250,000,000.00 (two hundred fifty million reais); - until 31 December 2008: up to R$1,250,000,000.00 (one billion two hundred fifty million reais); - until 31 December 2009: up to R$2,700,000,000.00 (two billion seven hundred million reais); - until 31 December 2010: up to R$4,000,000,000.00 (four billion reais); - until 31 December 2011: up to R$5,100,000,000.00 (five billion one hundred million reais); and - until 31 December 2012: up to R$5,600,000,000.00 (five billion six hundred million reais)." Art. 2 Resolution No. 2,970, of 27 June 2002, is revoked. Art. 3 This resolution enters into force on the date of its publication. Brasília, 30 January 2007. Henrique de Campos Meirelles President