National Development Finance Agency Act, 2002

Power of Minister and Agency to advance moneys.

10.—(1) The Minister may advance moneys from the Central Fund or the growing produce thereof to the Agency or a company formed under section 5 on such terms and conditions as he or she may determine.

(2) The Agency may advance moneys to a company formed under section 5 on such terms and conditions as it may determine.

(3) Moneys advanced under subsection (1) or (2) may include moneys for the purpose of making an equity investment in such a company.

(4) The aggregate of advances from the Central Fund under subsection (1) that are outstanding at any time shall not exceed €250,000,000.