32A. (1) Notwithstanding sections 25 to 29, section 42B of the National Treasury Management Agency (Amendment) Act 2014 and section 5 of the Housing Finance Agency Act 1981, the Agency and any subsidiary DAC may from time to time also raise funds—

(a) by its or their performance of the functions of the Agency under paragraph (j), (n) or (o) of section 14(1), or

(b) through arrangements referred to in section 6 (2)(c) or 42 of the Affordable Housing Act 2021 or as the owner of a dwelling which is designated as a cost rental dwelling within the meaning of Part 3 of that Act.

(2) Funds referred to in subsection (1)—

(a) shall not exceed an amount of €1,250,000,000,

(b) shall only be raised with the approval of both the Minister and the Minister for Public Expenditure, National Development Plan Delivery and Reform, and

(c) may be used by the Agency and any subsidiary DAC in the performance of the functions of the Agency.

(3) Without prejudice to the generality of subsection (2), funds referred to in subsection (1)(a)—

(a) may be raised in any currency, and

(b) shall in respect of any liabilities arising be the responsibility of the Agency to satisfy.]