# Law No. 8864 of March 28, 1994 > Brazilian law **Wikidata**: [Q105647497](https://www.wikidata.org/wiki/Q105647497) **Source**: https://4ort.xyz/entity/law-no-8864-of-march-28-1994 ## Summary Law No. 8864 of March 28, 1994, is a Brazilian statute enacted during the presidency of Itamar Franco, addressing special budgetary adjustments and related financial operations. It serves as a formal legal instrument within Brazil's legislative framework, covering topics such as credit allocation, financial operations, and legal norms. ## Key Facts - **Title:** Lei nº 8864, de 28 de março de 1994 - **Type:** Statute (formal written document creating law) - **Country:** Brazil - **Approved By:** Presidency of the Federative Republic of Brazil (President Itamar Franco) - **Date of Approval:** March 28, 1994 - **Publication Date:** March 28, 1994 - **Place of Publication:** Brasília - **Language:** Brazilian Portuguese - **Legal Citation:** Lei nº 8864/1994 - **Main Subjects:** Special budgetary adjustment, credit allocation, financial operations, legal norms - **LexML Brazil ID:** urn:lex:br:federal:lei:1994-03-28;8864 - **Work Available At:** [Official Text](https://www.planalto.gov.br/ccivil_03/leis/l8864.htm) - **Applies To Jurisdiction:** Brazil - **WikiProject:** Brazilian Laws ## FAQs **What is Law No. 8864 of March 28, 1994?** Law No. 8864 of March 28, 1994, is a Brazilian statute that addresses special budgetary adjustments and related financial operations. It was enacted during the presidency of Itamar Franco and serves as a formal legal instrument within Brazil's legislative framework. **Who approved Law No. 8864 of March 28, 1994?** The law was approved by the Presidency of the Federative Republic of Brazil, specifically by President Itamar Franco, on March 28, 1994. **What are the main subjects covered by Law No. 8864 of March 28, 1994?** The law covers several key subjects, including special budgetary adjustments, credit allocation, financial operations, and legal norms. These topics are essential for managing Brazil's financial and legal framework. **Where was Law No. 8864 of March 28, 1994 published?** The law was published in Brasília, the capital of Brazil, on March 28, 1994. **What is the legal citation for Law No. 8864 of March 28, 1994?** The legal citation for this law is Lei nº 8864/1994. **What is the LexML Brazil ID for Law No. 8864 of March 28, 1994?** The LexML Brazil ID for this law is urn:lex:br:federal:lei:1994-03-28;8864. **Where can I find the official text of Law No. 8864 of March 28, 1994?** The official text of the law is available at [https://www.planalto.gov.br/ccivil_03/leis/l8864.htm](https://www.planalto.gov.br/ccivil_03/leis/l8864.htm). **What is the significance of Law No. 8864 of March 28, 1994?** This law is significant as it addresses critical aspects of Brazil's financial and legal framework, including special budgetary adjustments and credit allocation. It plays a crucial role in managing the country's financial operations and ensuring legal compliance. ## Why It Matters Law No. 8864 of March 28, 1994, is essential for understanding Brazil's legislative and financial framework. It addresses critical aspects of budgetary adjustments and financial operations, ensuring that the country's financial management is conducted in a structured and legally compliant manner. This law is particularly important for policymakers, legal professionals, and financial experts who need to navigate Brazil's complex financial and legal landscape. ## Notable For - **Special Budgetary Adjustments:** The law addresses special budgetary adjustments, which are crucial for managing Brazil's financial operations. - **Credit Allocation:** It covers credit allocation, ensuring that financial resources are distributed appropriately. - **Financial Operations:** The law includes provisions for financial operations, which are essential for maintaining the country's financial stability. - **Legal Norms:** It establishes legal norms that guide financial and legal compliance within Brazil. - **Presidential Approval:** The law was approved by President Itamar Franco, highlighting its significance during his presidency. ## Body ### Definition and Scope Law No. 8864 of March 28, 1994, is a Brazilian statute that serves as a formal written document creating law. It is classified as a statute, which is a specific type of legal instrument that encompasses acts, executive orders, and by-laws. This law is particularly focused on special budgetary adjustments and related financial operations. ### Approval and Enactment The law was approved by the Presidency of the Federative Republic of Brazil, specifically by President Itamar Franco, on March 28, 1994. This approval process involved the promulgation of the law, which is the formal act of putting the law into effect. ### Main Subjects Law No. 8864 of March 28, 1994, covers several key subjects, including: - **Special Budgetary Adjustments:** These adjustments are crucial for managing Brazil's financial operations and ensuring that the budget is balanced and compliant with legal requirements. - **Credit Allocation:** The law includes provisions for credit allocation, which is essential for distributing financial resources appropriately. - **Financial Operations:** The law addresses various financial operations, ensuring that these operations are conducted in a structured and legally compliant manner. - **Legal Norms:** The law establishes legal norms that guide financial and legal compliance within Brazil. ### Publication and Accessibility The law was published in Brasília, the capital of Brazil, on March 28, 1994. The official text of the law is available at [https://www.planalto.gov.br/ccivil_03/leis/l8864.htm](https://www.planalto.gov.br/ccivil_03/leis/l8864.htm), making it accessible to the public and legal professionals. ### Legal Citation and Identification The legal citation for Law No. 8864 of March 28, 1994, is Lei nº 8864/1994. This citation is used to reference the law in legal documents and discussions. The law is also identified by its LexML Brazil ID, which is urn:lex:br:federal:lei:1994-03-28;8864. ### Jurisdiction and Language Law No. 8864 of March 28, 1994, applies to the jurisdiction of Brazil. The law is written in Brazilian Portuguese, which is the official language of Brazil. ### WikiProject and Classification The law is part of WikiProject Brazilian Laws, which aims to improve the coverage and quality of articles related to Brazilian laws on Wikipedia. It is classified as a statute, which is a formal written document that creates law. ### Significance and Impact Law No. 8864 of March 28, 1994, is significant for its role in managing Brazil's financial and legal framework. It addresses critical aspects of budgetary adjustments and financial operations, ensuring that the country's financial management is conducted in a structured and legally compliant manner. This law is particularly important for policymakers, legal professionals, and financial experts who need to navigate Brazil's complex financial and legal landscape. ## References 1. [Source](https://www.lexml.gov.br/urn/urn:lex:br:federal:lei:1994-03-28;8864) 2. [Source](https://legislacao.presidencia.gov.br/atos?tipo=LEI&numero=8864&ano=1994&data=28/03/1994&ato=20fETTE50dJpWTf21)