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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 28 February 2024 - onwards
Version 2 of 2

3A. Prescribed European Bank for Reconstruction and Development Contribution Agreements

(1) The Minister may by order prescribe a contribution agreement between the State and the Bank (in this section referred to as a 'prescribed EBRD Contribution Agreement') for the purposes of this section where -

(a) the contribution agreement relates to a Special Fund of which the Bank has accepted administration pursuant to Article 18 of the Agreement,

(b) the contribution agreement specifies -

(i) the amount that the State agrees to contribute to the Special Fund concerned, and

(ii) the terms on which the contribution shall be made, and

(c) the terms of the contribution agreement have been approved by Dáil Éireann pursuant to Article 29.5.2° of the Constitution.

(2) Where the Minister makes an order under subsection (1), the terms of the prescribed EBRD Contribution Agreement concerned shall be appended to the order.

(3) The State may enter into a prescribed EBRD Contribution Agreement.

(4) For the purposes of subsection (3), the Minister -

(a) may execute the prescribed EBRD Contribution Agreement concerned and enter into the commitments provided under that agreement, and