Multilateral Investment Guarantee Agency (Amendment) Act, 2000
|
Amendment of section 3 of Multilateral Investment Guarantee Agency Act, 1988. |
1.— Section 3 of the Multilateral Investment Guarantee Agency Act, 1988 , is hereby amended— | |
(a) by the substitution for subsection (2) of the following subsection: | ||
“(2) The following payments, as and when they become appropriate to be made on behalf of the State, shall be made out of the Central Fund or the growing produce thereof: | ||
(a) payments under Articles 6,7 and 8 of the Convention in respect of subscription to the Agency, | ||
(b) payments under section (e) of Article 39 of the Convention, and | ||
(c) payment under Resolution 57 of the Multilateral Investment Guarantee Agency.”, | ||
and | ||
(b) by the addition of the following subsection: | ||
“(7) In this section “Resolution 57 of the Multilateral Investment Guarantee Agency” means the Resolution set out in the Schedule to the Multilateral Investment Guarantee Agency (Amendment) Act, 2000, and, in so far as it relates to the State, the Annex attached to that Resolution.”. |