18. (1) When performing functions under or for the purposes of this Part the Agency may describe itself as the New Economy and Recovery Authority (or “NewERA”).

(2) In this Part—

“designated body” means—

(a) the Electricity Supply Board,

(b) Ervia,

(c) Bord na Móna plc,

(d) Coillte Teoranta (being a company formed and registered under the Companies Acts as provided for by section 9 of the Forestry Act 1988),

(e) EirGrid plc,

(f) Irish Water,

(g) any other State body which is specified in an order under subsection (3), and

(h) a subsidiary (within the meaning of the Companies Acts) of a designated body referred to in any of paragraphs (a) to (g) or any company in which such a designated body has an interest;

“relevant Minister”, in relation to a designated body, means any Minister of the Government who—

(a) holds shares in,

(b) has general responsibility for, or

(c) has any function in relation to,

the designated body;

“shares” includes stock;

“State body” means a body established by or under an enactment and which is controlled, directly or indirectly, by a Minister of the Government.

(3) The Minister may, following consultation with the Agency and with the Minister for Public Expenditure and Reform and any other Minister of the Government who holds shares in, has general responsibility for or has any function in relation to a State body, by order provide that the State body shall be a designated body for the purposes of this Part if the Minister considers that it is in the financial interests of the State to do so.

(4) Where a designated body is dissolved, restructured or amalgamated with another body, the Minister may, following consultation with the Agency and with the Minister for Public Expenditure and Reform and any other Minister of the Government who holds (or held) shares in, has (or had) general responsibility for or has (or had) any function in relation to the designated body, by order provide that it shall cease to be a designated body.