Planning and Development (Amendment) Act, 2002
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Amendment of section 10A of the Housing Finance Agency Act, 1981 . |
20.—The following section is substituted for section 10A (inserted by the Housing (Miscellaneous Provisions) Act, 2002 ) of the Housing Finance Agency Act, 1981 : | |
“10A.—(1) In this section ‘National Treasury Management Agency’ means the National Treasury Management Agency established by the National Treasury Management Agency Act, 1990 . | ||
(2) (a) Subject to the prior consent of the Minister for Finance, the Agency may from time to time request the National Treasury Management Agency to perform, on its behalf, all or any part of the functions of the Agency under— | ||
(i) subsections (1), (1A) (inserted by the Housing Finance Agency (Amendment) Act, 1985 ) and (2) of section 10 of this Act, | ||
(ii) section 3 of the Borrowing Powers of Certain Bodies Act, 1996 , and | ||
(iii) section 2 of the Financial Transactions of Certain Companies and Other Bodies Act, 1992 . | ||
(b) The Agency may from time to time, subject to the prior consent of the Minister for Finance, revoke or amend a request made under paragraph (a), but without prejudice to the validity of anything done previously on foot of that request in the terms that it stood immediately before that revocation or amendment. | ||
(c) For so long as a request made under paragraph (a) of this subsection has effect, the National Treasury Management Agency shall, subject to paragraph (d), perform on behalf of the Agency the functions specified in the request. | ||
(d) The functions of the Agency specified in any request made under paragraph (a) of this subsection shall be performed by the National Treasury Management Agency on behalf of the Agency subject to such terms and conditions (including any amendment to such terms and conditions) as the Agency and the National Treasury Management Agency may from time to time agree or, in the absence of any such agreement, as the Minister for Finance may determine after consultation with the Minister. | ||
(3) The Minister for Finance may from time to time revoke, in whole or in part, any consent given under subsection (2) of this section, but without prejudice to the validity of anything done previously on foot of that consent in the terms that it stood immediately before that revocation.”. |