National Treasure Management Agency (Amendment) Act 2000

1 [ Agency may procure foreign currency for Government Minister or designated body.

25A

25A. — (1) Subject to first receiving the consent of the Minister for Finance, a Minister of the Government or a designated body may request the Agency to procure for that Minister of the Government or designated body, as the case may be, foreign currency on terms and conditions agreed between—

( a ) the Agency, and

( b ) that Minister of Government or designated body.

(2) The Agency has all the powers necessary for it to comply with a request made under subsection (1) .

(3) The Agency, in connection with the performance of its functions under subsection (1) , may—

( a ) pay into any foreign currency clearing account created by the Minister for Finance under section 139 of the Finance Act 1993 the proceeds of any transaction denominated in a currency other than the currency of the State, and

( b ) apply any amounts standing to the credit of any foreign currency clearing account towards the discharging of payment obligations arising under any transaction in connection with the performance of its functions under subsection (1) . ]

Annotations:

Amendments:

Amendments:

F80

Inserted (1.11.2007) by Markets in Financial Instruments and Miscellaneous Provisions Act 2007 (37/2007), s. 14(f), S.I. No. 730 of 2007.