# Law No. 417 of October 3, 1948

> Brazilian law

**Wikidata**: [Q105649780](https://www.wikidata.org/wiki/Q105649780)  
**Source**: https://4ort.xyz/entity/law-no-417-of-october-3-1948

## Summary
**Law No. 417 of October 3, 1948** (Portuguese: *Lei nº 417, de 3 de outubro de 1948*) is a Brazilian statute that authorizes the Ministry of Finance to open a special credit allocation for the payment of interest on internal public debt bonds. Enacted by the Presidency of the Federative Republic of Brazil and published in Rio de Janeiro, it serves as a formal legal instrument of statutory law applicable to the jurisdiction of Brazil.

## Key Facts
- **Full Title:** Lei nº 417, de 3 de outubro de 1948
- **Date of Publication:** October 3, 1948
- **Jurisdiction:** Brazil
- **Issuing Authority:** Presidency of the Federative Republic of Brazil
- **Entity Type:** Statute (formal written document that creates law)
- **Language:** Brazilian Portuguese
- **Place of Publication:** Rio de Janeiro
- **Legal Citation:** Lei nº 417/1948
- **LexML Brazil ID:** `urn:lex:br:federal:lei:1948-10-03;417`
- **Primary Subject:** Special budgetary adjustment (Credito Especial)
- **Administering Body:** Ministry of Finance of Brazil (Ministerio Da Fazenda)
- **Purpose:** Authorization for payment of interest on internal public debt bonds (apólices da dívida pública interna)
- **Wikidata Description:** Brazilian law

## FAQs
**What is the legal function of Law No. 417/1948?**
The law functions as a statutory authorization specifically permitting the Ministry of Finance to open a "special credit" (credito especial). Its explicit purpose is to facilitate the payment of interest on bonds related to Brazil's internal public debt.

**Who approved and promulgated this law?**
The statute was approved and promulgated by the Presidency of the Federative Republic of Brazil on October 3, 1948.

**Where was the law published and in what language?**
The law was published in Rio de Janeiro, Brazil, and is written in Brazilian Portuguese.

**How is this law classified in legal databases?**
It is classified as a "statute"—a formal written document that creates law. In structured data contexts, it is identified by the LexML Brazil ID `urn:lex:br:federal:lei:1948-10-03;417` and tracked under WikiProject Brazilian Laws.

## Why It Matters
Law No. 417 of October 3, 1948, matters as a concrete example of post-war Brazilian fiscal legislation. It represents the exercise of statutory authority to manage the nation's internal financial obligations, specifically targeting the stability of public debt payments through the Ministry of Finance. As a statute, it embodies the "edict of government doctrine," meaning it is a formal manifestation of statutory law that exists as a public domain document, ensuring transparency and accessibility of the government's budgetary actions. It illustrates the legal mechanisms used by Brazil in the late 1940s to handle sovereign debt and budgetary adjustments.

## Notable For
- **Fiscal Specificity:** Specifically targets "special credit" for "internal public debt bonds," a precise budgetary mechanism.
- **Historical Context:** Published in Rio de Janeiro on October 3, 1948, reflecting the administrative center of Brazil prior to the move to Brasília (which occurred in 1960).
- **Statutory Classification:** Serves as a clear instance of a "statute"—a subclass of written work and rule—differentiating it from unwritten legal customs or purely administrative rulings.
- **Public Domain Status:** As an official legal document (edict of government), it is not subject to copyright, adhering to the public domain standards typical for such instruments in Brazil and other jurisdictions.

## Body

### Definition and Legal Nature
Law No. 417 of October 3, 1948, is formally defined as a **statute**. In the context of legal theory provided by the source material, a statute is a formal written document that creates law, encompassing acts, executive orders, and by-laws. It is taxonomically classified as a subclass of "written work," "document," and "rule," serving as a manifestation of statutory law.

Structured data properties confirm it as an "instance of" a statute (`P31`). Unlike abstract legal theories, this law functions as the tangible record of a legal rule enacted by the government authority of Brazil.

### Content and Purpose
The core content of Law No. 417 is defined by its **law digest**: "AUTORIZA A ABERTURA, PELO MINISTERIO DA FAZENDA, DE CREDITO ESPECIAL PARA PAGAMENTO DE JUROS DE APOLICES DA DIVIDA PUBLICA INTERNA."

This translates to a specific authorization granted to the **Ministry of Finance of Brazil** (Ministerio Da Fazenda). The law permits the opening of a **special budgetary adjustment** (classified as "Credito Especial"). The ultimate objective of this financial maneuver is the **payment** ("Pagamento") of interest on "apólices" (bonds) associated with the **Internal Public Debt**.

### Origin and Jurisdiction
The law originates from **Brazil** and applies strictly to this jurisdiction. It was created through the legislative process of the **Federative Republic of Brazil**, with the **Presidency** acting as the approving body (promulgation).

The **place of publication** is listed as **Rio de Janeiro**. Historically, this aligns with the era, as Rio de Janeiro served as the capital and administrative hub of Brazil until the inauguration of Brasília in 1960.

### Identification and Technical Data
The law is indexed in knowledge bases and legal repositories under specific identifiers to ensure retrieval and authority control.

- **LexML Brazil ID:** `urn:lex:br:federal:lei:1948-10-03;417` (referenced on 2021-01-28).
- **Legal Citation:** `Lei nº 417/1948`.
- **Language:** Brazilian Portuguese.
- **WikiProject Status:** It is listed on the "WikiProject Brazilian Laws" focus list.

### Related Entities and Concepts
The law is structurally connected to several broader concepts and entities as defined by its properties:
- **Approved By:** Presidency of the Federative Republic of Brazil.
- **Main Subjects:**
    - **Special budgetary adjustment:** The mechanism utilized by the law.
    - **Ministry of Finance of Brazil:** The executor of the provision.
    - **Payment:** The action being authorized.
- **Country:** Brazil (ID: `Q155`, sitelink count: 381).

## References

1. [Source](https://www.lexml.gov.br/urn/urn:lex:br:federal:lei:1948-10-03;417)
2. LexML Brasil