Euro Area Loan Facility Act 2010
Number 7 of 2010
EURO AREA LOAN FACILITY ACT 2010
REVISED
Updated to 28 May 2019
This Revised Act is an administrative consolidation of the Euro Area Loan Facility Act 2010. It is prepared by the Law Reform Commission in accordance with its function under the Law Reform Commission Act 1975 (3/1975) to keep the law under review and to undertake revision and consolidation of statute law.
All Acts up to and including Greyhound Racing Act 2019 (15/2019), enacted 28 May 2019, and all statutory instruments up to and including European Communities (Sheep Identification) (Amendment) Regulations 2019 (S.I. No. 243 of 2019), made 28 May 2019, were considered in the preparation of this Revised Act.
Disclaimer: While every care has been taken in the preparation of this Revised Act, the Law Reform Commission can assume no responsibility for and give no guarantees, undertakings or warranties concerning the accuracy, completeness or up to date nature of the information provided and does not accept any liability whatsoever arising from any errors or omissions. Please notify any errors, omissions and comments by email to
revisedacts@lawreform.ie.
Number 7 of 2010
EURO AREA LOAN FACILITY ACT 2010
REVISED
Updated to 28 May 2019
ARRANGEMENT OF SECTIONS
Section
2. Payments out of Central Fund.
4. Annual report by Minister to Dáil Éireann.
Intercreditor Agreement
Loan Facility Agreement
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Number 7 of 2010
EURO AREA LOAN FACILITY ACT 2010
REVISED
Updated to 28 May 2019
AN ACT TO FACILITATE IN THE PUBLIC INTEREST THE SAFEGUARDING OF THE FINANCIAL STABILITY OF THE EURO AREA AS A WHOLE AND FOR THAT PURPOSE TO ENABLE PAYMENTS TO BE MADE OUT OF THE CENTRAL FUND OR THE GROWING PRODUCE OF THAT FUND SO AS TO ENABLE EFFECT TO BE GIVEN IN THE STATE TO THE INTERCREDITOR AGREEMENT REGARDING THE POOLED BILATERAL LOANS FOR THE BENEFIT OF THE HELLENIC REPUBLIC MADE BY AND BETWEEN CERTAIN MEMBER STATES OF THE EUROPEAN UNION, INCLUDING THE STATE, AND FOR THAT PURPOSE AND IN ACCORDANCE WITH ARTICLE 2 OF THAT AGREEMENT TO ENABLE EFFECT TO BE GIVEN, IN SO FAR AS IT RELATES TO THE STATE, TO THE LOAN FACILITY AGREEMENT REFERRED TO IN THAT ARTICLE, TO PROVIDE FOR ALL RECEIPTS RECEIVED IN RESPECT OF MONEYS ADVANCED UNDER THIS ACT TO BE PAID INTO THE EXCHEQUER AND TO PROVIDE FOR RELATED MATTERS.
[20th May, 2010]
BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS:
Annotations
Modifications (not altering text):
C1
Term “Loan Facility Agreement” construed (23.09.2011) by European Financial Stability Facility and Euro Area Loan Facility (Amendment) Act 2011 (25/2011), s. 2(1), commenced on enactment, as substituted (5.02.2013) by Euro Area Loan Facility (Amendment) Act 2013 (1/2013), s. 2, commenced on enactment.
Amendment of Euro Area Loan Facility Act 2010.
[(1) The references to the Loan Facility Agreement in the Euro Area Loan Facility Act 2010 include—
(a) the Amendment to the Loan Facility Agreement of June 2011,
(b) the Amendment to the Loan Facility Agreement of February 2012,
(c) the Amendment to the Loan Facility Agreement of December 2012, and
(d) any subsequent amendments to the Loan Facility Agreement which have been approved by Dáil Éireann pursuant to Article 29.5.2° of the Constitution,
and that Act shall be construed accordingly.
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