The opinion must be approved by the holder of that Ministry, which is binding. To issue the above-mentioned opinion, the Higher Council for the Public-Private Partnership with the Specialized Technical Unit for PPP Projects (UTEP-APP, for its acronym in Spanish) is obliged to send it to the Ministry of Finance, the complete documentation and information of each project, within thirty (30) working days, before the issuance of that opinion. Likewise, the Ministry of Finance with the assistance of the Fiscal Contingency Unit (UCF, for its acronym in Spanish), must rule on the draft contract in each of its versions and the Draft Executive Decree (PCM, for its acronym in Spanish) after submission to the President of the Republic in the Cabinet, as established in article 11, final paragraph, of the Law for the Promotion of Public-Private Partnership. Therefore, the Superior Council for the Public-Private Partnership with the Specialized Technical Unit for PPP Projects (UTEP-APP, for its acronym in Spanish), must send the Draft Executive Decree accompanied 4. PUBLIC – PRIVATE PARTNERSHIPS (PPP)
HONDURAS INVESTOR´S GUIDE 2020-2021
with the draft contract and the opinion issued by the Ministry of Finance to the Secretariat of the Cabinet. Once the content of the contract has been approved by the President of the Republic in the Cabinet and by the National Congress of the Republic, UTEP-APP through the competent Minister, in accordance with the Public-Private Partnership (APP, for its acronym in Spanish) project in question, must send to the Ministry of Finance, the Draft Decree, the Executive Decree (PCM, for its acronym in Spanish) authorizing the signature of the contract, the copy of the contract signed between the parties and other related documentation. The Ministry of Finance (SEFIN, for its acronym in Spanish), through the Fiscal Contingency Unit (UCF, for its acronym in Spanish), will issue a favorable and binding opinion on such documentation, prior to its submission to the National Congress.
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