Eoghan Murphy (Dublin Bay South, Fine Gael) | Oireachtas source

I move amendment No. 2:

In page 4, between lines 11 and 12, to insert the following:“Decisions varying terms of Loan Facility Agreement

3. The terms in writing of any decision (other than a decision referred to in section 4(2)) to vary the terms of the Loan Facility Agreement shall be laid before each House of the Oireachtas as soon as may be after the decision is made and, if a resolution annulling the decision is passed by either such House within the next 21 days on which that House has sat after its terms have been laid before it, the decision shall be annulled accordingly but without prejudice to the validity of anything previously done thereunder.”.

As outlined by Deputy Doherty, amendment No. 2 inserts a new section 3 into the Bill which provides that any variance to the loan facility agreement shall be laid before each House of the Oireachtas as soon as possible and that, if either House resolves to annul this decision within 21 days, it shall be annulled accordingly.

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