(1) The Minister shall not direct the Agency to make any payment before 2041 to the Exchequer from the FI Fund.

(2) Subject to subsections (3) and (4), the Minister may, in 2040 or in any year thereafter, make a proposal to the Government that a payment of a specified amount be made from the FI Fund to the Exchequer in the year subsequent to the year in which the proposal is made.

(3) Subject to subsection (4), the Minister shall not, in a given year, propose to the Government, pursuant to subsection (2), the making of a payment from the FI Fund to the Exchequer in the subsequent year of an amount -

(a) greater than 3 per cent of the net asset value of the FI Fund as it stood on 31 December of the year prior to the first-mentioned year, or

(b) that would cause the net asset value of the FI Fund as it stood on that date to fall below the value of the FI Fund capital as it so stood.

(4) Where, in a given year, the Minister is satisfied that the investment return from the FI Fund annualised over the relevant ten-year period in relation to the year was less than the interest cost of the general government debt annualised over that period -

(a) subsection (3) shall not apply, and