Development Banks Act 2005

Amendment of Act of 2004.

8

8.—(1) Section 1 of the Act of 2004 is amended in the definition of “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 Schedule 1 to this Act”, and the said definition, as so amended, is set out in the Table to this subsection.

TABLE

“Agreement” means the Articles of Agreement of the Council of Europe Development Bank, the text of which is set out in Schedule 1 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 2004 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.”.