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 Purpose
To renew and expand the school transportation vehicle fleet destined to the daily transportation of elementary education students from the rural area of the state and municipal systems, through financing, exclusively through Accredited Financial Institutions.
Clients
The Federal District and the States and Municipalities established for the Program that possess students enrolled in the elementary level of education, transported from the rural area of the state and municipal systems.
Financeable Items
The vehicles for school transportation, new, nationally manufactured, accredited at BNDES, destined to the daily transportation of elementary education students transported from the rural area of the state and municipal systems listed below are
financeable.
school bus transportation with capacity to carry 23, 31 and 44 passengers that comply with the precepts of the Brazilian Traffic
Code;
embarkations for school transportation with capacity to carry 20 or 35 passengers.
The items that may be financeable must be grouped into compositions, as
follows:
One 44-passenger bus;
One 31-passenger bus;
One 23-passenger bus;
One 35-passenger embarkation;
One 20-passenger embarkation;
Two 23-passenger buses;
Two 20-passenger embarkations;
One 23-passenger bus and One 20-passenger embarkation.
The Maximum quantities of 6 compositions for the States and the Federal District must be observed. As to municipalities, the number of compositions will be defined according to the number of students transported in the rural areas:
up to 200 students: 1 composition;
from 201 to 500 students: 2 compositions;
from 501 to 1,000 students: 3 compositions;
from 1,001 to 2,000 students: 4 compositions;
from 2,001 to 3,500 students: 5 compositions;
more than 3,500 students: 6 compositions.
The financeable items and their respective manufacturers will be those defined in the Prices Registration to be executed by Fundo Nacional de Desenvolvimento da Educação [National Education Development Fund] - FNDE, specifically for acquisitions to be made under the SCHOOL PATH ambit.
Upon accrediting the product, BNDES checks only the productive process of the manufacturer. Thus, the product's accreditation at BNDES does not generate any responsibility to the institution due to problems related to the quality and/or technical-operational performance of the product in question.
Interest Rate
Financial Cost + BNDES Fee + Accredited Financial Institution Fee
Financial Cost: Long-Term Interest Rate - TJLP
BNDES Fee: 1% per year
Accredited Financial Institution Fee: Up to 3% per
year.
Share Level
Up to 100%
Maturity
Up to 72 months, including the grace period of up to 6
months.
The amortizations are accounted monthly. During the amortization phase, the interests will be paid monthly together with the amortization installments. During the grace period, the interests are paid quarterly.
Collaterals
Entailment through guarantee or cession, under the Payment Method Reserve format, regarding incomes derived from: federal transferences, tax charging products, fees and surtax, tax incentives or incomes or contributions of any type.
Habilitation and Addressing
The interested Municipalities, States and the Federal District must begin the procedures for the habilitation of the operation and must present the following documents to the Accredited Financial Institution:
Term of Adhesion duly filled out and signed, according to the model of Resolution no. 7-CD/FNDE/MEC.
Documents of item "5.4" of the Manual de Instrução de Pleitos [Pleas Instruction Manual] - MIP, of Secretaria do Tesouro Nacional [National Treasury Office] - STN of the Department of Finance.
The previously mentioned documents must be submitted to previous analysis of the Financial Institution and, once found in accordance, must be sent to BNDES within 5 consecutive days, counting from its protocol in that Financial Institution.
Once the conditions established for the Program are respected, BNDES will issue the Term of Habilitation through which it solely attest that the interested party presented the required documentation and that those are according to the limits established for the Program; not configuring approval of the credit operation.
The operation's addressing by the Accredited Financial Institution will be preceded by the habilitation in the Program.
See: The flow chart of the necessary procedures to obtain the
financing.
Effectiveness
Financing requests contracted until 12.31.2009 may be considered, observing the budgetary limit established for the Program.
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