Development Banks Act 2005

Amendment of Act of 1960.

6

6.—(1) Section 1 of the Act of 1960 is amended in the definition of “the Agreement” by inserting “, and any amendments to the Agreement which are or have been approved by Dáil Éireann pursuant to Article 29.5.2 of the Constitution” after “set out in the Schedule to this Act”, and the said definition, as so amended, is set out in the Table to this subsection.

TABLE

“the Agreement” means the agreement, for the establishment and operation of an international body to be called the International Development Association, of which the text of the Articles is set out in the Schedule to this Act, and any amendments to the Agreement which are or have been approved by Dáil Éireann pursuant to Article 29.5.2 of the Constitution;

(2) Section 2 of the Act of 1960 is amended, with effect from the passing of this Act—

( a) by re-numbering that section as subsection (1) of that section, and

( b) by inserting the following subsection after subsection (1):

“(2) the Minister for Finance shall cause notice of the approval by Dáil Éireann, pursuant to Article 29.5.2 of the Constitution, of an amendment to the Agreement to be published in the Iris Oifigiúil as soon as may be after its approval.”.