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<SEC-DOCUMENT>0001292814-10-002333.txt : 20100713
<SEC-HEADER>0001292814-10-002333.hdr.sgml : 20100713
<ACCEPTANCE-DATETIME>20100713144522
ACCESSION NUMBER:		0001292814-10-002333
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20100930
FILED AS OF DATE:		20100713
DATE AS OF CHANGE:		20100713

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			COMPANHIA DE SANEAMENTO BASICO DO ESTADO DE SAO PAULO-SABESP
		CENTRAL INDEX KEY:			0001170858
		STANDARD INDUSTRIAL CLASSIFICATION:	WATER SUPPLY [4941]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			D5
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-31317
		FILM NUMBER:		10950132

	BUSINESS ADDRESS:	
		STREET 1:		RUA COSTA CARVALHO, 300
		STREET 2:		SAO PAULO
		CITY:			SP
		STATE:			D5
		ZIP:			05429-900
		BUSINESS PHONE:		011-55-11-3388-8000

	MAIL ADDRESS:	
		STREET 1:		RUA COSTA CARVALHO, 300
		STREET 2:		SAO PAULO
		CITY:			SP
		STATE:			D5
		ZIP:			05429-900
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>sbs20100712_6k.htm
<DESCRIPTION>BOARD OF DIRECTORS' PROPOSAL
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<DIV><FONT size=1></FONT>&nbsp;</DIV>
<DIV align=center><FONT face="Times New Roman" color=#000000 size=3><B>SECURITIES AND EXCHANGE COMMISSION </B></FONT></DIV>
<DIV align=center><FONT face="Times New Roman" color=#000000 size=3><B>Washington, DC 20549 </B></FONT></DIV>
<DIV><FONT size=1></FONT>&nbsp;</DIV>
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<DIV><FONT size=1></FONT>&nbsp;</DIV>
<DIV align=center><FONT face="Times New Roman" color=#000000 size=3><B>FORM 6-K</B></FONT></DIV>
<DIV><FONT size=1></FONT>&nbsp;</DIV>
<DIV align=center><FONT face="Times New Roman" color=#000000 size=3><B>REPORT OF FOREIGN ISSUER </B><BR>
<B>PURSUANT TO RULE 13a-16 OR 15d-16 OF THE</B></FONT></DIV>
<DIV align=center><FONT face="Times New Roman" color=#000000 size=3><B>SECURITIES EXCHANGE ACT OF 1934</B></FONT></DIV>
<DIV><FONT size=1></FONT>&nbsp;</DIV>
<P></P>
<DIV align=center>
<DIV><FONT face="Times New Roman" color=#000000 size=2><B>For&nbsp;July 12, 2010</B></FONT></DIV>
<P></P>
<FONT face="Times New Roman" color=#000000 size=2><B>(Commission File No. 1-31317) </B></FONT></DIV>
<P></P>
<DIV><FONT size=1></FONT>&nbsp;</DIV>
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<DIV><FONT size=1></FONT>&nbsp;</DIV>
<DIV align=center><FONT face="Times New Roman" color=#000000 size=3><B>Companhia de Saneamento B&#225;sico do Estado de S&#227;o Paulo - SABESP </B></FONT></DIV>
<DIV align=center><FONT face="Times New Roman" color=#000000 size=2><I>(Exact name of registrant as specified in its charter) </I></FONT></DIV>
<DIV><FONT size=1></FONT>&nbsp;</DIV>
<DIV align=center></DIV>
<DIV align=center><FONT face="Times New Roman" color=#000000 size=3><B>Basic Sanitation Company of the State of Sao Paulo - SABESP </B></FONT></DIV>
<DIV align=center><FONT face="Times New Roman" color=#000000 size=2><I>(Translation of Registrant's name into English) </I></FONT></DIV>
<DIV><FONT size=1></FONT>&nbsp;</DIV>
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<BR>
<DIV align=center><FONT face="Times New Roman" color=#000000 size=2><B>Rua Costa Carvalho, 300 <BR>
S&#227;o Paulo, S.P., 05429-900 <BR>
Federative Republic of Brazil </B></FONT></DIV>
<DIV align=center><FONT face="Times New Roman" color=#000000 size=2><I>(Address of Registrant's principal executive offices) </I></FONT></DIV><BR>
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<BR>
<DIV align=center><FONT face="Times New Roman" color=#000000 size=2>Indicate by check mark whether the registrant files or will file <BR>
annual reports under cover Form 20-F or Form 40-F. <BR>
<BR>
Form 20-F ___X___ Form 40-F ______</FONT></DIV>
<DIV align=center><FONT face="Times New Roman" color=#000000 size=2>Indicate by check mark if the registrant is submitting the Form 6-K <BR>
in paper as permitted by Regulation S-T Rule 101(b)(1)__.</FONT></DIV>
<DIV align=center><FONT face="Times New Roman" color=#000000 size=2>Indicate by check mark if the registrant is submitting the Form 6-K <BR>
in paper as permitted by Regulation S-T Rule 101(b)(7)__.</FONT></DIV>
<P></P>
<P align=center><FONT face="'Times New Roman, Times, Serif'" size=2>Indicate by check mark whether the registrant by furnishing the <BR>
information contained in this Form is also thereby furnishing the <BR>
information to the Commission pursuant to Rule 12g3-2(b) under <BR>
the Securities Exchange Act of 1934. <BR>
<BR>
Yes ______ No ___X___</FONT></P>
<P></P>
<P></P>
<DIV align=center><FONT face="Times New Roman" color=#000000 size=2>If "Yes" is marked, indicated below the file number assigned to the<BR>
registrant in connection with Rule 12g3-2(b):</FONT>
<P></P>
</DIV>
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<DIV align=left>&nbsp;</DIV></DIV>
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</FONT><FONT style="mso-bidi-font-size: 10.0pt" face=Verdana,sans-serif><FONT lang=PT-BR style="FONT-SIZE: 9pt" face=Verdana,sans-serif>Companhia de Saneamento B&#225;sico do Estado de S&#227;o Paulo</FONT></FONT></P>
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<P style="MARGIN: 0in 0.25in 0pt 0in"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="'Folio Md BT,sans-serif'">&nbsp; sabesp</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 150%" face="'Times New Roman,serif'" color=black>BOARD OF DIRECTORS&#146; PROPOSAL</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 150%" face="'Times New Roman,serif'" color=black></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 150%" face="'Times New Roman,serif'" color=black>Dear Shareholders,</FONT></P>
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<P style="MARGIN: 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 150%" face="'Times New Roman,serif'" color=black>The Board of Directors of Companhia de Saneamento B&#225;sico do Estado de S&#227;o Paulo &#150; SABESP, hereby submits the following proposal to the Extraordinary Shareholders&#146; Meeting to be held on August 9, 2010, at 3:00 p.m., at the Company&#146;s headquarters, to deliberate on a single item of the agenda: Proposal to amend Article 46 of the Bylaws in force to allow for the implementation of a new pension plan for Sabesp&#146;s employees &#150; SABESPREV MAIS.</FONT></P>
<P style="MARGIN: 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 150%" face="'Times New Roman,serif'" color=black></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 150%" face="'Times New Roman,serif'">FROM</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="'Times New Roman,serif'">Article 46 - As Supporter and Sponsor of the Funda&#231;&#227;o SABESP de Seguridade Social ("SABESPREV"), whose operation is authorized by Ordinance n. 3,556, dated 8/8/90 of the Minist&#233;rio de Estado do Trabalho e da Previd&#234;ncia Social &#150; MTPS &#150; (State Ministry of Labor and Social Security), the Company shall participate in SABESPREV, subject to the following conditions:</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="'Times New Roman,serif'"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="'Times New Roman,serif'">I. The monthly contribution of the Sponsor shall not exceed two point one per cent (2.1%) of the payroll (gross salaries, exclusive of payroll charges), subject to the applicable social security legislation.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="'Times New Roman,serif'"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="'Times New Roman,serif'">II. In case the resources are not sufficient to pay the beneficiaries, the Sponsor shall not exceed this percentage of two point one per cent (2.1%) of the payroll, in which case SABESPREV shall adjust the Employees&#146; contribution, or proportionally reduce the amount of the benefits, subject to the applicable legislation.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="'Times New Roman,serif'"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="'Times New Roman,serif'">III. SABESPREV&#146;s assets shall result from its own resources or, in case the Company needs to transfer any personal or real property, make investments, bear any costing expenses or provide guaranties to SABESPREV, it shall have the prior and express approval of the CODEC or of the Secretary of the State Treasury, whose values shall be offset by the contribution fixed in item I of this article, upon the monthly transfers.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="'Times New Roman,serif'"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="'Times New Roman,serif'">IV. In order to avoid the indirect distribution of funds beyond the prefixed limit, the assignment of Company&#146;s employees to SABESPREV or the hiring of any services between SABESPREV and the Company, shall be subject to offset and to prior opinion to be provided by CODEC or of the Secretary of the State Treasury.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="'Times New Roman,serif'"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="'Times New Roman,serif'">V. The Company&#146;s Officers, in addition to their responsibilities provided for by law, shall also be liable for any failure to comply with the rules provided for in the Bylaws, and in connection with SABESP&#146;s sponsorship to SABESPREV.</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="'Times New Roman,serif'">ARTICLE 46</FONT></B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="'Times New Roman,serif'"> &#150; The Company may sponsor private pension plans, under the defined contribution scheme, to employees, being it incumbent upon the Board of Directors to resolve on the conditions set forth in the respective regulations, as well as on the percentage of contribution of the sponsor, regular and extraordinary, pursuant to the governing laws.</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="'Times New Roman,serif'">Sole Paragraph</FONT></B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 115%" face="'Times New Roman,serif'"> &#150; The Company may remain as sponsor of the private pension plan under the defined benefit scheme, which is under extinguishment phase, forbidding the entry of new participants, as well as the increase of respective benefits.</FONT></P>
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<P style="MARGIN: 0in 0in 0pt 0.5in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 150%" face="'Times New Roman,serif'" color=black></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><U><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 150%" face="'Times New Roman,serif'" color=black>Justification:</FONT></U></B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 150%" face="'Times New Roman,serif'" color=black> The conformity of Article 46 of the Company&#146;s Bylaws is necessary in order to implement a new private pension plan &#150; SABESPREV MAIS. The current plan &#150; SABESPREV B&#225;sico, is a &#147;Defined Benefit&#148; plan, and as an unfunded plan, it shows growing negative surplus risks, especially due to participants&#146; life expectancy, which increases and requires benefits payments for longer periods. </FONT></P>
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</FONT><FONT style="mso-bidi-font-size: 10.0pt" face=Verdana,sans-serif><FONT lang=PT-BR style="FONT-SIZE: 9pt" face=Verdana,sans-serif>Companhia de Saneamento B&#225;sico do Estado de S&#227;o Paulo</FONT></FONT></P>
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<P style="MARGIN: 0in 0.25in 0pt 0in"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="'Folio Md BT,sans-serif'">&nbsp; sabesp</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 150%" face="'Times New Roman,serif'" color=black>SABESPREV MAIS is a &#147;Defined Contribution&#148; plan, in which the accounts are separated by participant, different from current plan in which assets are managed jointly (co-ownership). In this new plan, contributions are paid according to the capital accumulated by each participant from quotas contributions and profitability, without any financial risks for Sabesp.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 150%" face="'Times New Roman,serif'" color=black>Once approved SABESPREV MAIS plan, the entry of new participants in SABESPREV B&#225;sico plan will no longer be allowed, which starts to be extinguished.</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 9pt" face="'Times New Roman,serif'"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 150%" face="'Times New Roman,serif'" color=black>The evidence as shareholder may occur at any time before the Extraordinary Shareholders&#146; Meeting is called to order, by submitting his/her identity document, a receipt issued by the trustee of book-entry shares informing their respective number and, in the event of attorney-in-fact, the appropriate proxy instrument duly notarized and granted less than one year ago.</FONT></I></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 150%" face="'Times New Roman,serif'" color=black>The documents related to the matter to be discussed at the Extraordinary Shareholders&#146; Meeting will be available to shareholders at the Company&#146;s headquarters and via electronic means, at CVM website, in the form and term set forth by CVM Rule 481/2009.</FONT></I></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 150%" face="'Times New Roman,serif'" color=black>S&#227;o Paulo, July 8, 2010.</FONT></P>
<P style="MARGIN: 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 150%" face="'Times New Roman,serif'" color=black>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 150%" face="'Times New Roman,serif'" color=black>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B></P>
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<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="'Times New Roman,serif'" color=black>Dilma Seli Pena</FONT></B></P>
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<DIV align=center><FONT face="Times New Roman" color=#000000 size=3><B><U>SIGNATURE </U></B></FONT><FONT size=1>&nbsp;</FONT></DIV>
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<DIV align=justify><FONT face="Times New Roman" color=#000000 size=3>Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, in the city S&#227;o Paulo, Brazil. </FONT></DIV>
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<DIV align=justify><FONT face="Times New Roman" color=#000000 size=3>Date:&nbsp;July 12, 2010</FONT></DIV>
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<DIV align=left><FONT face="Times New Roman" color=#000000 size=3><B>Companhia de Saneamento B&#225;sico do Estado de S&#227;o Paulo - SABESP </B></FONT></DIV></TD></TR>
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     <TD vAlign=top align=left><FONT face="Times New Roman" color=#000000 size=2>By:</FONT></TD>
     <TD vAlign=bottom align=left>&nbsp; /s/ Rui de Britto &#193;lvares Affonso <BR>
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<DIV align=left><FONT face="Times New Roman" color=#000000 size=2>Name: Rui de Britto &#193;lvares Affonso </FONT></DIV>
<DIV align=left><FONT face="Times New Roman" color=#000000 size=2>Title: Chief Financial Officer and Investor Relations Officer </FONT></DIV></TD>
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<DIV align=center><FONT face="Times New Roman" color=#000000 size=3><B>FORWARD-LOOKING STATEMENTS </B></FONT></DIV>
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<P align=justify><FONT face="'Times New Roman, Times, Serif'" size=2>This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends o
r results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations. </FONT></P>
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