Broadcasting Authority (Amendment) Act, 1976

Extension of borrowing powers of Authority.

10.—Subsection (1) of section 27 of the Principal Act is hereby amended by the insertion after “money” of “(including money in a currency other than the currency of the State)”, and the said subsection (1) as so amended is set out in the Table to this section.

TABLE

27.—(1) The Authority may, with the consent of the Minister for Finance and the Minister, borrow money (including money in a currency other than the currency of the State) by means of the creation of stock or other forms of security to be issued, transferred, dealt with and redeemed in such manner and on such terms and conditions as the Authority with the consents aforesaid, may determine.