 Purpose
Modernization of Environment State Agencies and Revenue, Tax, Financial and Property Management of the Brazilian States and Federal District Administrations, through the financial support of for the development and implementation of the Digital Booking Public System [SPED], comprising Accounting SPED, Fiscal SPED and Electronic Trade Bill
[NFE], and Synchronized Registry
Clients
Brazilian States and Federal District
Financeable enterprises and actions
Strengthening of management, normative, operational and technological capacities of Tax Administrations and State Environmental Agencies;
Development and improvement of Information, Service and Process Systems addressed to compliance with tax and environmental obligations;
For computerization, including software acquisition and development;
For the improvement of qualification, training and managerial, technical and operational support;
For studies and technical counseling of the following nature: organizational, economic/tax, information, evasion and elision tax control, management and collection of government overdue debt;
Consultancy and studies of organizational nature, information technology and others related to the processes or activities of State Environmental Agencies;
For the permanent cooperation between Brazilian states, their respective municipalities and the Internal Revenue, in the interchange of experiences, information, registries and simultaneous fiscal audit
actions;
Permanent cooperation of State Environmental Agencies among themselves, as well as with other environmental agencies, for interchange of experiences, information, records and integrated action.
Financeable Items
a) Information and Communication Technology and Computer Equipment: Acquisition of hardware, computer and communication networks, including the acquisition of software and its development and information systems. In case of software acquisition and provision of related services, the standards set up in the PROSOFT Commercialization Program should be complied with;
b) Human Resource Qualification: Courses, seminars, training and employee recycling programs, and the making of technical visits;
c) Specialized Technical Services: Services to supporting/developing project activities, including organization and management systems, register base and information technology;
d) Audit Support Equipment: Acquisition of communication equipment and other operational movable assets;
e) Physical Infrastructure: Adequacy of physical environments, through reform and improvement of operational facilities and assistance to taxpayers and the population in general, including the construction of new facilities, if provably necessary.
Non-Financeable Items
The following are not subject to financing: infrastructure works and the acquisition of movable assets not directed to the improvement of management
efficiency.
See: Financeable enterprises and projects, items financeable and not subject to support
Support Modality
Direct
Financing Value
Exceptionally, a minimum value of R$ 1 million is accepted under the direct support modality. The maximum financing values are defined pursuant to the State Sales Tax [ICMS] and the number of enterprises installed in the Brazilian States and the Federal District. Maximum value will be reviewed from 06.30.2008 on, in accordance with the maximum amount authorized by the National Monetary Council [CMN].
| States and Federal District |
Financing value |
| Minimum |
Maximum
|
| São Paulo, Rio de Janeiro, Minas Gerais, Paraná, Santa Catarina, Rio Grande do Sul and Bahia |
R$ 1 million |
R$ 15 million |
| Goiás, Pernambuco, Ceará, Espírito Santo, Mato Grosso, Pará, Mato Grosso do Sul, Amazonas, Maranhão, Rio Grande do Norte and Federal District |
R$ 1 million |
R$ 12 million |
| Piauí, Rondônia, Roraima, Amapá, Acre, Tocantins, Paraíba, Alagoas and Sergipe |
R$ 1 million |
R$ 7 million |
Interest Rate
Financial Cost + BNDES fees + Credit risk rate
 Financial Cost
[TJLP] - Long-Term Interest Rate
BNDES
Spread
1.0% p.a.
Credit Risk Rate
1% p.a.
Maturity
Total term for the operation may not exceed 96 months, including the maximum grace period term of up to 36
months.
Share Level
. Up to 100% for projects in Northern and Northeastern Low Income Cities or Lower Average Income Cities (within SUDENE’s field of
activity);
. Up to 90%, taking into account that:
a) Investments in infrastructure should be of up to 25% (twenty-five per cent) on the total value of the project's financeable
items;
b) Investments in equipment for operation support and auditing should
be of up to 20% (twenty per cent) on the total value of the project's financeable
items; and
c) The percentage limits foreseen for investments in physical infrastructure and in operation and inspection supporting equipment may be changed, at BNDES discretion, in case of duly justified needs.
See: Financeable conditions applied in accordance with the financing lines
Collaterals
Collaterals will be at BNDES' discretion, taking into account the pertinent ruling from the Central Bank of Brazil and BNDES.
See: Guarantees
See: Guarantees
General Comments
The applying State shall subject a Project allowing to identify, analyze and monitor in detail actions and physical and financial targets by which it intends to meet the objectives set forth by BNDES.
All projects shall include investments for human resources
qualification.
The State shall create a Special Work Group for Management of Modernization to coordinate the elaboration, implementation and monitoring of the whole project, directly linked to the Secretary of Finance or to the Environmental Secretary, comprising a minimum of 50% (fifty per cent) of permanent servants.
Addressing
Applications for support applications are to be forwarded to BNDES by means of a
Guide on Information for Previous Consulting - filled out pursuant to the instructions contained in the
Guide on Information for Previous Consulting, and addressed by the
State to:
Banco Nacional de Desenvolvimento Econômico e Social - BNDES
Área de Planejamento-AP
Departamento de Prioridades-DEPRI
Av. República do Chile, 100 - Protocolo - Térreo
20031-917 - Rio de Janeiro, RJ
Related subjects
· Financing to Enterprises [FINEM]
· Flow and Deadlines for the Processing of Operations
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