Law No. 12.523 creating the State Fund to Fight and Eradicate Poverty (FECEP) and regulating the ICMS tax rate on domestic and import transactions. Country/Territory Brazil Territorial subdivision Pernambuco Document type Legislation Date 2003 (2018) Source FAO, FAOLEX Subject Agricultural & rural development Keyword Special fund Research Farming Financial agricultural measures Poverty Agricultural development Tax/levy 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 date of its publication, with effect from 1 January 2004. Abstract This Law, consisting of 7 articles and one Annex, creates the State Fund to Fight and Eradicate Poverty (FECEP) and regulating the ICMS tax rate on domestic and import transactions. This Law establishes from 1 January 2004, the above mentioned State Fund FECEP, as provided in art. 82 of the Transitional Constitutional Provisions Act (ADCT) of the Federal Constitution, introduced by Constitutional Amendment No. 31 of 14 December 2000, with the objective of capturing, managing and allocating resources for programmes of relevant social interest, aimed at combating poverty in the State of Pernambuco. The resources of the FECEP should be: collected in a specific account, regulated by the Executive Branch; applied in Food and Nutrition Security, through the acquisition of milk; basic baskets; support to family farming production; applied in Water Security through water supply in rural area, water infrastructure, such as cisterns, wells, dams, water supply system, irrigation support in alluvial soils; applied in Educational Security, through literacy and coexistence with the Semi-Arid, sanitary protection; applied to actions, projects or programmes to combat poverty defined in the State's Multi-Year Plan, etc. Full text Portuguese Website www.al.sp.gov.br References - Legislation Implemented by Law No. 26.402 regulating Law No. 12.523 on the State Fund to Fight and Eradicate Poverty (FECEP). Legislation | Brazil | 2004 (2015) Keyword: Special fund, Research, Farming, Financial agricultural measures, Poverty, Agricultural development, Tax/levy Source: FAO, FAOLEX