National Asset Management Agency Act 2009

60.

Repayment to Central Fund to redeem debt.

60.— (1) NAMA or a NAMA group entity shall repay any funds advanced to it by the Minister out of the resources available to NAMA and the NAMA group entities from time to time.

(2) NAMA may, from time to time, after consultation with the Minister—

( a) use any surplus funds of NAMA to redeem and cancel debt securities issued under this Act, and

( b) transfer any surplus funds remaining after that redemption to the Central Fund.

(3) The assets of NAMA and of any NAMA group entity at the eventual dissolution of NAMA will be transferred to the Minister or paid into the Exchequer as the Minister directs.