Róisín Shortall (Dublin North West, Labour)

Seanad Amendment No. 17 requires the board to seek the consent of the Minister for Public Expenditure and Reform in addition to the Minister for Finance when borrowing money. This amendment is required due to the functions being transferred to the Minister for Public Expenditure and Reform. The Minister for Finance is not removed because the provisions involve borrowing by a State body, which remains in his remit. In these circumstances, permission will be required from both Ministers.

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