Social Welfare Act, 1991


Amendments to Pensions Act

Borrowing by Board.

60.—The Pensions Act is hereby amended by the insertion after section 20 of the following section:

“Borrowing by Board.

20A.— The Board may, for the purpose of providing for current or capital expenditure, from time to time, borrow money (whether on the security of the assets of the Board or otherwise), including money in a currency other than the currency of the State, subject to the consent of the Minister and the Minister for Finance and to such conditions as they may determine.”.