Finance Act, 2000
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Deposit accounts for Exchequer moneys. |
157.—(1) In this section “Minister” means the Minister for Finance. | |
(2) The Minister may, whenever he or she considers it appropriate, establish deposit accounts denominated in the currency of the State under such terms and conditions as he or she deems fit. | ||
(3) The Minister may, from time to time, pay moneys out of the Exchequer accounts at the Central Bank of Ireland into the accounts established under subsection (2). | ||
(4) The Minister shall, from time to time, make disbursements out of amounts credited to accounts established under subsection (2) into and only into the Exchequer accounts at the Central Bank of Ireland. | ||
(5) Where the functions of the Minister under this section stand duly delegated to the National Treasury Management Agency under section 5 of the National Treasury Management Agency Act, 1990 , any balance in accounts established under subsection (2) shall be consolidated with the balances in the Exchequer accounts for the purpose of the accounts prepared under section 12 of that Act, at the close of the financial year of the Agency. | ||
(6) The First Schedule to the National Treasury Management Agency Act, 1990 , is hereby amended by the addition of the following paragraph: | ||
“(p) subsections (2) to (4) of section 157 of the Finance Act, 2000.”. |