Bretton Woods Agreements (Amendment) Act 2022

Contributions to Catastrophe Containment and Relief Trust

5. (1) The Minister may, subject to subsections (2) and (3), make payments in respect of the CCRT out of the Central Fund or the growing produce thereof.

(2) Where the Minister proposes to make a payment under subsection (1), the proposal shall be laid before Dáil Éireann as soon as may be and, if a resolution annulling such a proposal is passed by Dáil Éireann within the next 21 days on which Dáil Éireann has sat after the proposal is laid before it, the proposal shall be annulled accordingly and the Minister shall not make such a payment.

(3) The aggregate amount of any payment that the Minister may make under subsection (1) shall not exceed €50,000,000.