Dublin Transport Authority Act 2008
Borrowings by Authority.
30.— (1) The Authority or a subsidiary of the Authority may, from time to time, borrow money for the purpose of carrying out its functions but shall not do so without the consent of the Minister and the Minister for Finance.
(2) The Authority shall exercise the powers conferred on it by this section so that the amount or amounts of principal which the Authority, inclusive of any borrowings by subsidiaries of the Authority, may at any time be liable to repay on foot of any liability or liabilities incurred under this section does not, or do not in their aggregate, exceed €1,000,000,000.
(3) For the purposes of this section, moneys borrowed in a currency other than the currency of the State shall be deemed to be the equivalent in the currency of the State of the actual moneys borrowed, such equivalent being calculated according to the rate of exchange for that currency and the currency of the State at the time such moneys were borrowed.
Annotations:
Modifications (not altering text):
C14
Functions transferred (6.07.2011) by Ministers and Secretaries (Amendment) Act 2011 (10/2011), ss. 6, 9, 20, and sch. 2, pt. 1, (S.I. No. 401 of 2011).
6. The Government may by order appoint a day to be the appointed day for the purposes of this Act.
9. (2) The functions conferred on the Minister for Finance by or under any of the provisions specified in Part 1 of Schedule 2 are transferred to the Minister.
20. (1) The Minister shall not perform a function transferred by subsection (2) of section 9 without the consent of the Minister for Finance.
(2) The Minister shall not perform a function transferred by subsection (3) of section 9 without first consulting the Minister for Finance in relation thereto.
SCHEDULE 2
Functions Transferred to Minister
Sections 9 and 20
PART 1
Functions performable with consent of Minister for Finance STATUTES
|
Number and Year (1) |
Short Title (2) |
Provision (3) |
|
... |
... |
... |
|
No. 15 of 2008 |
Dublin Transport Authority Act 2008 |
Section 30
|
|
... |
... |
... |