NewsWhore
10-29-2007, 04:20 PM
Lawyer Julio Cury has told Diario Libre that the loans taken on by Sun Land to be passed on to Dominican contractors with the guarantee of the Dominican state violates No. 10 of Art. 55 of the Constitution, which obliges the head of state to send the loans to Congress. During an address to media directors held last Thursday, President Fernandez argued that Sun Land had granted the financing to contractors and this is why it did not have to be approved by Congress. Nevertheless, Cury says that the assets of the contracting companies are not guaranteeing the capital or interest payments, but state assets, through the promissory notes signed by a government official with presidential power of attorney. He says that since it is the government that is guaranteeing the loans, it is a government loan that requires legislative approval. The PRD has taken the Fernandez administration to the Supreme Court for violation of the Constitution in the case of a US$130 million contract signed with Sun Land that was not sent to Congress.
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More... (http://www.dr1.com/index.html#11)