Next (SCHEDULE Multilateral Investment Guarantee Agency)

10 2000

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Number 10 of 2000


MULTILATERAL INVESTMENT GUARANTEE AGENCY (AMENDMENT) ACT, 2000


ARRANGEMENT OF SECTIONS

Section

1.

Amendment of section 3 of Multilateral Investment Guarantee Agency Act, 1988.

2.

Short title.

SCHEDULE

Multilateral Investment Guarantee Agency

Resolution No. 57

1998 General Capital Increase


Multilateral Investment Guarantee Agency Act, 1988

1988, No. 32

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Number 10 of 2000


MULTILATERAL INVESTMENT GUARANTEE AGENCY (AMENDMENT) ACT, 2000


AN ACT TO AMEND AND EXTEND THE MULTILATERAL INVESTMENT GUARANTEE AGENCY ACT, 1988, AND TO PROVIDE FOR RELATED MATTERS. [7th June, 2000]

BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS:

Amendment of section 3 of Multilateral Investment Guarantee Agency Act, 1988.

1. Section 3 of the Multilateral Investment Guarantee Agency Act, 1988 , is hereby amended—

(a) by the substitution for subsection (2) of the following subsection:

“(2) The following payments, as and when they become appropriate to be made on behalf of the State, shall be made out of the Central Fund or the growing produce thereof:

(a) payments under Articles 6,7 and 8 of the Convention in respect of subscription to the Agency,

(b) payments under section (e) of Article 39 of the Convention, and

(c) payment under Resolution 57 of the Multilateral Investment Guarantee Agency.”,

and

(b) by the addition of the following subsection:

“(7) In this section “Resolution 57 of the Multilateral Investment Guarantee Agency” means the Resolution set out in the Schedule to the Multilateral Investment Guarantee Agency (Amendment) Act, 2000, and, in so far as it relates to the State, the Annex attached to that Resolution.”.

Short title.

2. —This Act may be cited as the Multilateral Investment Guarantee Agency (Amendment) Act, 2000.