Euro Area Loan Facility Act 2010

Payments out of Central Fund.

2.— Subject to the terms of the Intercreditor Agreement and the Loan Facility Agreement, there may be paid out of the Central Fund or the growing produce of that Fund such sums, aggregating to a sum (in this Act referred to as a “loan facility”) not exceeding €1,500,000,000, for the purpose of enabling the State to make the payments provided for in those Agreements.