Finance (State Guarantees, International Financial Institution Funds and Miscellaneous Provisions) Act 2024

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Number 3 of 2024

FINANCE (STATE GUARANTEES, INTERNATIONAL FINANCIAL INSTITUTION FUNDS AND MISCELLANEOUS PROVISIONS) ACT 2024

CONTENTS

PART 1

Preliminary and General

Section

1. Short title and commencement

2. Definition

PART 2

Prescribed European Investment Bank Contribution Agreements

3. Prescribed European Investment Bank Contribution Agreements

PART 3

Amendment of European Bank for Reconstruction and Development Act 1991

4. Definition (Part 3)

5. Amendment of section 1 of Act of 1991

6. Prescribed European Bank for Reconstruction and Development Contribution Agreements

7. Amendment of Schedule to Act of 1991

PART 4

Amendment of Council of Europe Development Bank Act 2004

8. Definition (Part 4)

9. Amendment of section 1 of Act of 2004

10. Prescribed Council of Europe Development Bank Contribution Agreements

11. Amendment of Schedule 1 to Act of 2004

PART 5

Guarantee Agreement

12. Definition (Part 5)

13. Guarantee Agreement may be entered into by State

14. Payment out of Central Fund related to Guarantee Agreement

15. Payment into Exchequer related to Guarantee Agreement

16. Reporting in relation to demands under Guarantee Agreement

PART 6

MFA + Contribution Agreement

17. Definition (Part 6)

18. MFA+ Contribution Agreement may be entered into by State

19. Payment out of Central Fund related to MFA+ Contribution Agreement

20. Payment into Exchequer related to MFA+ Contribution Agreement

21. Reporting in relation to MFA+ Contribution Agreement

PART 7

Amendment of Criminal Justice (Money Laundering and Terrorist Financing) Act 2010

22. Amendment of section 38 of Criminal Justice (Money Laundering and Terrorist Financing) Act 2010

SCHEDULE 1

Agreement Establishing the European Bank for Reconstruction and Development

SCHEDULE 2

Articles of agreement of the council of europe development bank

SCHEDULE 3

Guarantee Agreement to be Entered into Between the State and the European Commission Pursuant to Article 10 of Decision 2022/1628 of the European Parliament and of the Council of 20 September 2022

SCHEDULE 4

Contribution Agreement to be Entered into Between the State and the European Commission Pursuant to Article 7(1) of Regulation (EU) 2022/2463 of the European Parliament and of the Council of 14 December 2022

Acts Referred to

Council of Europe Development Bank Act 2004 (No. 37)

Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 (No. 6)

European Bank for Reconstruction and Development Act 1991 (No. 1)

Number 3 of 2024

FINANCE (STATE GUARANTEES, INTERNATIONAL FINANCIAL INSTITUTION FUNDS AND MISCELLANEOUS PROVISIONS) ACT 2024

An Act to enable the State to participate in certain donor or trust funds established by the European Investment Bank, the Council of Europe Development Bank or the European Bank for Reconstruction and Development, and, for that purpose, to enable the State to enter into certain contribution agreements related to those funds prescribed by the Minister for Finance, and for those and other purposes to amend the European Bank for Reconstruction and Development Act 1991 and the Council of Europe Development Bank Act 2004 ; to enable the State to participate in the provision of exceptional macro-financial assistance by the European Union to Ukraine and, for that purpose to enable the State to enter into the guarantee agreement provided for in Article 10 of Decision (EU) 2022/1628 of the European Parliament and of the Council of 20 September 2022¹ and a contribution agreement as provided for in Article 7(1) of Regulation (EU) 2022/2463 of the European Parliament and of the Council of 14 December 2022² ; to amend section 38 of the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 ; and to provide for related matters.

[14th February, 2024]

Be it enacted by the Oireachtas as follows:

¹ OJ No. L 245, 22.9.2022, p.1.

² OJ No. L 322, 16.12.2022, p. 1.