Financial Provisions (Covid-19) Act 2020
|
Definitions | ||
|
1. In this Act— | ||
“Contribution Agreement” means the Contribution Agreement, the terms of which are set out in Schedule 2 , to be entered into between the State and the EIB and providing for a contribution by the State to the Fund; | ||
“EIB” means the European Investment Bank; | ||
“Fund” means the Fund (the Pan-European Guarantee Fund), the subject of a resolution of the board of directors of the European Investment Bank of 26 May 2020, and which Fund will be established in the circumstances as provided for in that resolution; | ||
“Fund Guarantee” means the guarantee agreement, the terms of which are set out in Schedule 3 , to be entered into between the State and the EIB so as to provide a guarantee, on the part of the State, in relation to transactions carried out under the Fund; | ||
“Minister” means the Minister for Finance; | ||
“SURE Guarantee” means the guarantee agreement— | ||
(a) as provided for in paragraphs (2) and (3) of Article 11 of the SURE Regulation, and | ||
(b) the terms of which agreement are set out in Schedule 1 , | ||
to be entered into between the State and the European Commission so as to provide the guarantee, on the part of the State, referred to in that Article 11; | ||
“SURE Instrument” means the European instrument for temporary support to mitigate unemployment risks in an emergency (SURE) established in Article 1 of the SURE Regulation; | ||
“SURE Regulation” means Council Regulation (EU) 2020/672 of 19 May 20202 on the establishment of a European instrument for temporary support to mitigate unemployment risks in an emergency (SURE) following the COVID-19 outbreak. | ||