LEI Nº 11.688, DE 4 DE JUNHO DE 2008. | LEI Nº 11.688, DE 4 DE JUNHO DE 2008. — Brazil law | Esheria

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.