National Treasury Management Agency (Amendment) Act 2014

Repayment of expenses of Agency

30. (1) The costs and expenses incurred by the Agency in the performance of functions under section 26 (1) in relation to a specific project or specific arrangement referred to in that subsection may be paid out of advances made by the Minister under subsection (4) .

(2) The costs and expenses referred to in subsection (1) shall, as soon practicable after they are paid by the Agency, be repaid to the Agency by the appropriate State authority or State authorities concerned with that project or arrangement.

(3) All moneys received by the Agency under subsection (2) shall be paid into the Post Office Savings Bank Fund.

(4) The Minister may, for the purposes of subsection (1), advance moneys from the Post Office Savings Bank Fund to the Agency.

(5) The power of the Minister under subsection (4) may be exercised by the Agency.

(6) In this section “costs and expenses” includes—

(a) any fee payable or any payment due to a consultant, adviser, contractor, subcontractor, supplier or other service provider engaged by the Agency for the purposes of this Part, and

(b) any other costs, charges or expenses incurred by the Agency in the performance of its functions under this Part.