ARTICLE 1: Based on article 12 of law 24.093, it is hereby determined that the harbors listed herein shall be administrated by non-state owned public entities.

ARTICLE 2: The public right non-state owned public entities "CONSORTIUM FOR THE ADMINISTRATION OF THE BAHIA BLANCA HARBOR " and "CONSORTIUM FOR THE ADMINISTRATION OF THE QUEQUEN HARBOR" are hereby created. Their by-laws, Exhibits I and II, respectively, are attached to these presents.

ARTICLE 3: The standard set forth in this Law might be applied for the administration and management of the ports listed in the Transference Agreement approved by Law 11.206. The Executive Power shall create the corresponding entities based on these approved statutory regulations, adequating the grounds, scope and other formal aspects of the entity and if it is deemed convenient, reducing the number of Directors to seven.

ARTICLE 4: The entities created or to be created under this law shall not comply with the provisions of article 6 of Law 11.206 and shall apply the corresponding fares and the outstanding right of ways with national scope (Decree - Law 4263/56, Resolution No. 130/91 of the Ministry of Economy and supplementary regulations), and/or the concession standards set forth by the provincial laws and regulations, until the regulations establish the applicable definitive standards.

ARTICLE 5: Let these presents be known to the Executive Power.

Ruled in the Court of Sessions of the Honorable Congress of the Buenos Aires Province, in the city of La Plata, this fifth day of July one thousand nine hundred and ninety three.

MODIFICATION TO THE LAW NO. 11.414
LAW NO. 11.930

ARTICLE 1: Article 2 of Law 11.414 is hereby modified and stated in the following way::

"Article 2: The public right non-state owned public entities "CONSORTIUM FOR THE ADMINISTRATION OF THE BAHIA BLANCA HARBOR " and "CONSORTIUM FOR THE ADMINISTRATION OF THE QUEQUEN HARBOR" are hereby created. Their by-laws, Exhibits I and II, respectively, are attached to these presents. They will also be exempted of any existing provincial encumber and/or any other to be created in the future, if and when applicable to the activity specifically stated in the by-laws.

ARTICLE 2: The following Article 5 of law 11.414, is added as follows:

"Article 5°: The original debt for the provincial taxes encumbering the Consortiums for the Administration of the Bahía Blanca and Quequén Harbors is hereby condoned as from September 1st, 1993 to the enforcement of this Law".

ARTICLE 3: The following Article 6 of 11.414, is added as follows:

"Article 6: The provisions set forth in the Law shall only be applied to the Administration Entities of the Provincial Autonomous Harbors of Quequén and Bahía Blanca, and shall not benefit the third parties developing activities in those ports."

ARTICLE 4: Let these presents be known to the Executive Power.

Ruled in the Court of Sessions of the Honorable Congress of the Buenos Aires Province, in the city of La Plata, this eighteenth day of December one thousand nine hundred and ninety six.