National Development Finance Agency Act, 2002
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Amendment of section 54 of the Finance Act, 1970. |
23.— Section 54 of the Finance Act, 1970 , is amended by inserting the following after subsection (7A) (inserted by the Housing (Miscellaneous Provisions) Act, 2002 ): | |
“(7B) The Minister for Finance may engage in such transactions of a normal banking nature with the National Development Finance Agency and with other persons— | ||
(a) in connection with the performance by the National Development Finance Agency of its borrowing function under section 6 of the National Development Finance Agency Act, 2002, and | ||
(b) for the purposes of the better management of the indebtedness incurred by the National Development Finance Agency under section 6 of the National Development Finance Agency Act, 2002, | ||
and may, for the purpose of those transactions, issue such funds from the Exchequer, as the Minister for Finance considers appropriate, and the expenses and other costs incurred by the Minister for Finance in connection with or arising out of those transactions shall be charged on the Central Fund or the growing produce thereof.”. |