National Development Finance Agency Act, 2002

Borrowings and other arrangements.

6.—(1) Subject to subsection (2) and to such guidelines as the Minister may from time to time issue, the Agency may from time to time raise money in any currency.

(2) The combined net aggregate of the principal of all moneys raised and outstanding by the Agency and any companies formed under section 5 shall not exceed €5,000,000,000 in total, including the equivalent of moneys raised in a currency other than the currency of the State.

(3) The Agency may engage in transactions (including transactions in a currency other than the currency of the State) of a normal banking nature with the Minister and any other persons for the purpose of performing any of its functions.

(4) The Agency may open and maintain bank accounts, including accounts in currencies other than the currency of the State.