LEI Nº 11.688, DE 4 DE JUNHO DE 2008.
This law takes effect on the date it is published.
AI-assisted research synopsis — verify against the official legal text below.
- Jurisdiction
- Brazil
- Instrument
- Act or statute
- Citation
- LEI Nº 11.688, DE 4 DE JUNHO DE 2008.
- Version
- Undated source snapshot
- Language
- pt
- Official source
- View official record ↗
budget allocation credit repurchase government credit loan conditions payment in kind
Statute overview
About this statute
This law takes effect on the date it is published. The Union is authorized to grant credit to BNDES up to R$ 12.5 billion, with the financial and contractual terms set by the Finance Minister. The National Treasury’s financial surplus at the end of financial years may be used to cover the credit referred to in Article 1, except for certain excluded amounts. O BNDES pode recomprar da União certos créditos, a qualquer tempo, desde que haja equivalência econômica.
Ask AI about this statute
LEI Nº 11.688, DE 4 DE JUNHO DE 2008.
Sign in to ask AI about this statute
Sign in to start authenticated, citation-grounded statute research.
Sign in