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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 17 July 1990 - onwards
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5. Delegation of functions to Agency.

(1) The Government may by order delegate to the Agency the functions of the Minister specified in the First Schedule and any other functions of the Minister in relation to the management of the national debt or the borrowing of moneys for the Exchequer that the Minister considers appropriate and are specified in the order.

(2)

(a) Without prejudice to the generality of subsection (1), whenever an order under subsection (1) is in force, the Agency shall, if and in so far as the order so declares, have the following functions:

(i) the preparation and the submission to the Minister as soon as may be in each year of a scheme indicating, as respects the moneys proposed to be borrowed by the Agency on behalf of the Minister for the Exchequer in that year, the proportion thereof proposed to be borrowed in the currency of the State, in respect of that year, the first such scheme being in respect of the year following that in which the establishment day falls,

(ii) the review, and, where approp

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