LABOUR SERVICES ACT 1987

Borrowing by An Foras and subsidiary.

15

15.An Foras or the subsidiary 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 An Foras or the subsidiary, as the case may be, or otherwise), including money in a currency other than the currency of the State, but shall not do so without the consent of the Minister and the Minister for Finance.

Annotations:

Editorial Notes:

E82

Function to consent to borrowings under section transferred from Minister for Finance to Minister for Public Expenditure and Reform, subject to consultation with the Minister for Finance (6.07.2011) by Ministers and Secretaries (Amendment) Act 2011 (10/2011), ss. 9(2), 20 and sch. 2, commenced as per s. 1(2) and S.I. No. 401 of 2011.