Brendan Howlin (Wexford, Labour)

This amendment removes the reference to section 7(1) of the National Building Agency Limited Act 1963. This provision relates to guarantees to borrowings. Deputies will be aware that the functions in regard to the provision of guarantees to borrowing remain with the Minister for Finance. This is consistent with the approach taken in regard to guarantees of all other State bodies. The amendment, therefore, ensures consistency. The functions on the provision of guarantees to borrowings remain with the Minister for Finance. This is consistent with the approach taken with guarantees of all other State bodies. This amendment ensures consistency by adding the National Building Agency to the list of agencies that are left with the Minister for Finance for loan guarantees.

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