BRASILIA, Brazil (AP) — The lower house of Brazil's Congress has approved a bill that sets aside all royalties from newly discovered oil fields for education and health programs.
The Chamber of Deputies approved the bill Wednesday night. It stipulates that 75 percent of the royalties be used for education and 25 percent for health.
It was among the reforms the government proposed after widespread protests swept the country in June targeting transportation fare hikes, corruption, high taxes, and faulty public services.
The proposed law says the royalties will come from drilling contracts signed after Dec.2012.
President Dilma Rousseff must now sign off on the legislation, which was earlier approved by the Senate.
Copyright 2015 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
WHAT DO YOU THINK?
Click on the button below to add a comment.
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
More from this Author
Most Popular Articles
From the Career Center
Jobs that may interest you