Seanad debates

Tuesday, 17 December 2002

National Development Finance Agency Bill, 2002: Second Stage.

 

Section 24 provides for the amendment of the First Schedule to the National Treasury Management Agency Act, 1990. The amendment relates to section 5 of the 1990 Act, which provides that the Government may delegate to the NTMA, by order, functions specified in the First Schedule to that Act. The amendment provides for the delegation from the Minister for Finance to the NTMA of the power to enter into swaps, foreign exchange contracts, etc., for the purposes of managing the NDFA debt.

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