National Asset Management Agency Act 2009

PART 3

Finance, Planning, Accountability and Reporting

46.

Financing arrangements, expenses and advances from Central Fund.

46.— (1) The expenses incurred by NAMA or a NAMA group entity in the performance of NAMA’s functions under this Act shall be charged on and paid out of funds at the disposal of NAMA and the NAMA group entities.

(2) The Minister may advance to NAMA or a NAMA group entity such sums of money as are necessary for the performance of its functions from the Central Fund or the growing produce of that Fund on such terms and conditions (including as to repayment of principal and interest) as he or she determines.

(3) Subsection (2) does not affect NAMA’s borrowing powers.