Seanad debates
Tuesday, 17 December 2002
National Development Finance Agency Bill, 2002: Second Stage.
Section 9 provides that a State authority can, subject to the consent of the Minister and the appropriate Minister, either for a consideration or not, transfer, convey or assign its interest in property owned or held by the State authority to a company formed under section 5. The purpose of this power is to allow the company to carry out its financing functions in relation to public investment projects. A State authority can attach terms and conditions as it considers appropriate to any such transfer, conveyance or assignment.
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