Law No. 10.262 providing for the Development Fund of Espírito Santo (FUNDES). Country/Territory Brazil Territorial subdivision Espírito Santo Document type Legislation Date 2014 Source FAO, FAOLEX Subject Agricultural & rural development Keyword Special fund Agricultural development Legal proceedings/administrative proceedings Geographical area Amazonia, Americas, Latin America and the Caribbean, North Atlantic, South America, South Atlantic Entry into force notes This Law enters into force on the day of its publication. Abstract This Law, consisting of 16 articles, provides for the Development Fund of the Espírito Santo State (FUNDES), aimed to collect funds be transferred from the Economic Rehabiliation Fund of the State of Espírito Santo (FUNRES), created by Decree-Law No. 880 of 18 September 1969. The application of financial resources FUNDES should contribute to the expansion, modernization and diversification of the productive sectors of the state, encouraging investments, technological renewal and increasing competitiveness of the State, with emphasis on the generation of employment and income and the reduction of social and regional inequalities. The funds will be used in the following modalities: financing rural and urban companies headquartered in the State of Espírito Santo; financing through investments Municipal Public Administration related to infrastructure that will contribute to the specified objectives. Full text Portuguese Website www.normasbrasil.com.br References - Legislation Implemented by Decree No. 3669-R regulating the Development Fund of Espírito Santo (FUNDES). Legislation | Brazil | 2014 Keyword: Special fund, Agricultural development, Legal proceedings/administrative proceedings Source: FAO, FAOLEX