Under the aegis of the San Jose Accords, Venezuela has agreed to a US$39-million loan that was first negotiated during the first Fernandez administration and will be used to finance the purchase of passenger vehicles and for the construction, re-construction and equipping of sports installations. By way of Presidential Decree No. 685-04, President Fernandez authorized the Dominican ambassador in Venezuela to sign the contracts for the modifications to the initial contracts with the Economic and Social Development Bank of Venezuela (BANDES). This bank has the facility to transfer money generated by the San Jose Accords between the Dominican Republic and Mexico and Venezuela. The accord permits the DR to finance as much as 30% of its oil bills with these two countries. The new loan will allow the government to obtain 60% of the financing costs of new mini-buses and 40% of the cost of the micro-buses. The units are made in Venezuela.