Ley 781 de 2002 | Ley 781 de 2002 — Colombia law | Esheria

Ley 781 de 2002

This text says the law expands the National Government’s authority to carry out external and internal public credit operations and related operations.

Jurisdiction
Colombia
Instrument
Act or statute
Citation
Ley 781 de 2002
Version
Undated source snapshot
Language
es
Updated
Official source
View official record ↗
autorización de recursos de contrapartida borrowing authorization borrowing limits budgeting capital markets cash flow planning commencement contract modifications credit authorization credit rules credit-financed projects debt management debt payment debt reporting debt restructuring debt utilization endeudamiento público financial markets fiscal stability government borrowing government funding government project execution grant/credit conditions hydrocarbons +12 more

Statute overview

About this statute

This text says the law expands the National Government’s authority to carry out external and internal public credit operations and related operations. Se amplía la autorización del Gobierno Nacional para celebrar operaciones de crédito público por US$16.500 millones. The Ministry of Finance and Public Credit, through the Public Credit Directorate, will affect the authorizations from Article 1 when the related contract minute is approved; for public debt securities, this happens on the placement date. Las operaciones de crédito público o asimiladas de la Nación con plazo de un año o menos, y las operaciones de manejo de deuda, no afectan los cupos autorizados por esta ley; si ese plazo se amplía a más de un año, sí afectan el cupo de endeudamiento autorizado. Las autorizaciones de endeudamiento de la Nación se consideran agotadas cuando se usan; ciertos montos no contratados, cancelados o reembolsados vuelven a aumentar el cupo disponible.

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