Borrowing Powers of Certain Bodies Act, 1996


1.—(1) In this Act—

“capital value”, in relation to a transaction, means the total value of the transaction excluding—

(a) any inherent interest amounts, and

(b) any amounts which do not constitute a legal liability on the body concerned;

“consent of the Minister” includes—

(a) approval of the Minister,

(b) concurrence of the Minister, and

(c) consent of any other Minister of the Government, given after consultation with the Minister, where such consultation is prescribed by or under statute;

“functions” includes powers and duties;

“the Minister” means the Minister for Finance.

(2) (a) A reference in this Act to a section is a reference to a section of this Act unless it is indicated that a reference to some other Act is intended.

(b) A reference in this Act to a subsection or to a paragraph is to the subsection or paragraph of the provision in which the reference occurs unless it is indicated that reference to some other provision is intended.