Electricity (Supply) (Amendment) Act, 1988

Amendment of section 4 of Act of 1982.

12.—The power conferred on the Minister for Finance by section 4 of the Act of 1982 to guarantee the due repayment by the Board of the principal of any moneys borrowed by the Board or the payment of interest on such moneys or both the repayment of the principal and the payment of the interest and of the payment of incidental expenses arising in connection with any such borrowings shall be deemed to include, and always to have included, power to guarantee in such form and manner and in such money (including money in a currency other than the currency of the State) and on such terms and conditions as the Minister for Finance thinks fit the due payment of a promissory note made by the Board or a bill of exchange drawn or accepted by the Board and “principal” and “borrowings” shall be deemed, for the purposes of the said section, to include, and always to have included, amounts payable under such promissory notes and bills of exchange.