Legislative Chamber of the Federal District (CLDF) Ygor Wolf/g1 The bill that authorizes the contracting of a loan of R$6.6 billion for the Government of the Federal District to rebuild the assets of Banco de Brasília (BRB) was approved by the Legislative Chamber this Tuesday (9). ✅ Click here to follow the g1 DF channel on WhatsApp The voting score was tight: 11 votes in favor and 9 against, with one abstention. The following voted in favor of the loan: Eduardo Pedrosa (União), Hermeto (MDB), Iolando (MDB), Jaqueline Silva (MDB), Joaquim Roriz Neto (PL), Martins Machado (Republicans), Pastor Daniel de Castro (PP), Pepa (PP), Robério Negreiros (Podemos), Roosevelt Vilela (PL) and Wellington Luiz (MDB). The following voted against the loan: Chico Vigilante (PT), Dayse Amarilio (PSB), Fábio Félix (PSOL), Gabriel Magno (PT), Jorge Vianna (Democrat), Max Maciel (PSOL), Paula Belmonte (PSDB), Ricardo Vale (PT) and Rogério Morro da Cruz (PSD). Abstained from voting: Doctor Jane (Republicans). The approval comes after the DF and the Union reached a billion-dollar agreement to make the loan viable in May. According to the agreement, the STF must authorize the DF to contract a credit operation with the Credit Guarantee Fund (FGC) in the amount of up to 16% of the Federal District's Net Current Revenue. READ ALSO: 'VERY CRUEL': BRB president details R$8.8 billion loss With approval: The DF government must be able to access resources to reinforce BRB's cash flow and comply with the agreement reached in the STF. The government argues that this helps preserve the bank's stability and thousands of jobs linked to the institution. In return, the DF assumes a billion-dollar debt that could be paid over several years. Earlier, the group of House Leaders met to discuss the inclusion of the proposal on the plenary voting agenda. 🔎 The Meeting of the College of Leaders is where representatives of parties, parliamentary blocs and the government leader meet with the Board of Directors to jointly define the voting agenda, stipulate regulatory deadlines and negotiate agreements for the approval of projects. BRB President, Nelson Antônio de Souza, participates in a public hearing at the Senate Economic Affairs Committee. Fiscal, budgetary and legal risks During the meeting, deputies discussed the financial, budgetary and legal risks of the credit operation. The technical analysis, presented by CLDF Legislative Consultancy, points out: legal risks, such as the linking of FPE and FPM revenues as a counter-guarantee to private institutions and the exemption from usual controls by the Senate and the National Treasury. financial risks, as the project does not define interest rates or terms, with annual cost estimates that can vary between R$587 million and R$957 million. Furthermore, the proposal imposes severe fiscal restrictions on the Federal District for an indefinite period, limiting personnel expenses and new investments. The document also highlights the absence of transparency mechanisms, governance safeguards and guarantees of reimbursement to public coffers. DF and the Union close an agreement to facilitate a loan of up to R$6.5 billion to save BRB National Newspaper/ Reproduction The document also highlights the divergence between the ceiling of R$6.6 billion and the limit of 16% of Net Current Revenue. The effective value would be subject to the lower of these two limits, but the proposal does not clarify which prevails or how much the Executive Branch intends to contract. "The effective ceiling may be lower than the legal ceiling, and the project does not clarify the intended value. The law speaks of up to R$6.6 billion, but the agreement limits the operation to 16% of Net Current Revenue, a value that could be between around R$4.7 billion and a level close to the legal ceiling, depending on the calculation basis.", highlights the document. Lula government and DF make billion-dollar deal to help BRB READ MORE: Understand the agreement that provides around R$6.6 billion for BRB and how it ended up at the STF 👉 The DF Government argues that BRB needs to be capitalized quickly to rebuild its assets after the losses associated with operations involving Banco Master. 👉 Without legislative authorization, the GDF would not be able to contract the credit operation with the FGC and other financial institutions provided for in the project. Why is there resistance from deputies? The opposition claims that there is a lack of detailed information about the real size of the loss, the terms of the operation and the consequences for the DF's public accounts. They also question whether the population will end up bearing the cost of decisions made in the bank's management. The fear on the part of parliamentarians is that the DF will incur potentially billion-dollar losses. The loan that the DF Government intends to take to rebuild BRB's assets could cost, per year, more than R$1 billion to the capital's coffers in interest payments alone. In fact, S&P Global – a financial analysis and risk classification company – once again downgraded the credit rating of Banco de Brasília (BRB), which went from the brB- level to the "brCCC+/brC" level, lower on the scale. For deputy Gabriel Magno (PT), there are many open questions. To g1, the deputy stated that the meeting held last week with the Secretary of Economy and a representative of the BRB did not have good results. Therefore, we will insist that there is no way to vote for another blank check for the government and the BRB. They face a crisis, and this situation needs to be clarified before any vote", said the district. Deputy Fábio Félix (PSOL) presented a request to summon the president of the BRB again to provide clarifications in the plenary and filed amendments to the project sent by the Executive. For the parliamentarian, it is inconsistent for the bank president to give public explanations in the Senate, while the CLDF — responsible for analyzing a proposal with a direct impact on the population of the Federal District — has not yet received the same clarifications. This is unacceptable, for deputies to vote on a proposal like this today that is being put on the agenda due to pressure from the Federal District government, without us having any elements to be able to vote on this project consistently. The Executive's argument is that leaving BRB without capitalization could create an even bigger problem for the bank itself and for the Federal District's finances. What does the approved project say? The bill provides: that the agreement signed between DF and the federal government be ratified in full, after two meetings mediated by the Minister of the Federal Supreme Court (STF) Luiz Fux; that the DF be authorized to hire public or private banks, or bank associations, as guarantors of this loan; that, in case of default, these guarantors can be reimbursed with transfers destined to the DF from the Municipal Participation Fund (FPM) and the State Participation Fund (FPE). READ ALSO: CENTRAD IS NOW CAD: Celina Leão says she will occupy the DF Administrative Center without new expenses and without impacting traffic ARRUDA: Pre-candidate for GDF, former governor undergoes medical procedure to treat arrhythmia Read more news about the region on g1 DF.