Agricultural Credit Act, 1982

Amendment of section 12 of Principal Act.

2.—Section 12 of the Principal Act is hereby amended by the substitution of the following subsection for subsection (1) (inserted by the Act of 1979):

“(1) Subject to the approval of the Minister, the Corporation may raise or borrow money (including money in a currency other than the currency of the State) in any manner it thinks fit, but the amount of money raised or borrowed and outstanding at any one time shall not exceed £800,000,000.”.