15. What is the Merchant Marine Fund (FMM)? Where do its resources come from?
Created by Law 3.381/58, the purpose of the Merchant Marine Fund (FMM) is to promote the renewal, expansion, and replacement of the Brazilian merchant fleet, and to support the development of the naval industry in the country. The FMM’s resources come from fees charged in the customs clearance process, money budgeted by the General Budget of the Union, and interest, commissions, and other revenues resulting from the investment of the fund’s resources.