Central Bank and Credit Institutions (Resolution) Act 2011

12.

Minister may contribute to Fund.

F8 [ 12 . (1) The Minister, following consultation with the Bank, may contribute to the Fund such sums as the Minister considers appropriate, from the Central Fund or the growing produce of the Central Fund.

(2) The Minister is entitled to be reimbursed from the Fund for all contributions under subsection (1) together with any interest, at the rate determined under section 11(2) , that may have accrued on those contributions at the rate determined.

(3) All sums paid out of the Fund in repayment of a contribution under subsection (2) shall be paid into the Central Fund. ]

Annotations:

Amendments:

F8

Substituted (1.08.2013) by Central Bank (Supervision and Enforcement) Act 2013 (26/2013), s. 82(5), S.I. No. 287 of 2013.