National Development Finance Agency Act, 2002

Establishment of Agency.

2.—(1) There shall stand established, on the establishment day, a body to be known as an Ghníomhaireacht Airgeadais d'Fhorbairt Náisiúnta, or in the English language, the National Development Finance Agency, and in this Act referred to as the “Agency”, to perform the functions assigned to it by this Act.

(2) The Minister shall by order appoint a day to be the establishment day for the purposes of this Act.

(3) The Agency shall be a body corporate with perpetual succession and have the power to sue and be sued in its corporate name and to acquire, hold and dispose of land or an interest in land, and to acquire, hold and dispose of any other property.