RIO DE JANEIRO, BRAZIL - On December 18th, the Legislative Assembly of the State of Rio de Janeiro (ALERJ) passed Bill 536/19, sponsored by Deputy Carlo Caiado, which proposes that Rio de Janeiro provides a transparency portal to disclose the expenses incurred with the revenue from royalties and share in oil production, transferred by the federal government.
The history of the past ten years should be disclosed on the website, including revenues, amounts collected and the expected future collection.
In addition, the expenses incurred with these proceeds must be disclosed and the documents of anticipatory transactions of these proceeds must . . .