Seanad debates
Tuesday, 17 December 2002
National Development Finance Agency Bill, 2002: Second Stage.
The agency may occasionally become involved in providing finance to the relevant body. That is why, in the period between the Bill's publication and the Committee Stage debate in the Lower House, I came to the opinion that the restriction on not allowing the Minister for Finance to guarantee or provide funds was too restrictive. There may be an opportunity for the NDFA to provide finance when a particular SPC needs some kind of State guarantee or requires equity finance from the State. We allow for as much flexibility as possible, but this provision relates to finance only.
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