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Housing Finance Agency (Amendment) Act, 1988

In short

This law amends and expands the existing Housing Finance Agency Acts from 1981 to 1985, primarily by changing how the Housing Finance Agency can advance money and increasing its borrowing limit.

What it regulates

Who it concerns

Key points

📄 Legal text
Housing Finance Agency (Amendment) Act, 1988 Skip to content Disclaimer Feedback Helpdesk Gaeilge Léim go dtí an t-ábhar Séanadh Aiseolas Deasc chabhrach English Gaeilge English Produced by the Office of the Attorney General Táirgthe ag Oifig an Ard-Aighne Home Legislation Acts of the Oireachtas Statutory Instruments Pre-1922 Legislation Constitution External Resources Bills (Houses of the Oireachtas) Iris Oifigiúil / Official Gazette Revised Acts (LRC) Classified List of Legislation (LRC) Translations (acts.ie) Translations (Houses of the Oireachtas) Government Publications for Sale EU Law (EUR-Lex) FAQ Disclaimer Feedback Helpdesk Search Baile Reachtaíocht Achtanna an Oireachtais Ionstraimí Reachtúla Reachtaíocht Réamh-1922 Bunreacht Acmhainní Seachtracha Billí (Tithe an Oireachtais) Iris Oifigiúil Achtanna Athbhreithnithe (CAD) (An Coimisiún um Athchóiriú an Dlí) Liosta Rangaithe Reachtaíochta Aistriúcháin (achtanna.ie) Aistriúcháin (Tithe an Oireachtais) Foilseacháin Rialtais ar Díol Dlí AE (EUR-Lex) CCanna (Ceisteanna Coitianta) Séanadh Aiseolas Deasc chabhrach Cuardach TitleTeideal Year(s) or rangeBliain nó blianta nó raon TypeCineál All Legislation Acts Statutory Instruments Advanced SearchCuardach Casta HomeBaile ActsAchtanna 1988 Housing Finance Agency (Amendment) Act, 1988 Housing Finance Agency (Amendment) Act, 1988 Permanent Page URL View by SectionAmharc de réir Ailt View Full ActAmharc ar an Acht Iomlán Bill History Stair Bille Commencement, Amendments, SIs made under the Act Tosach Feidhme, Leasuithe, IRí arna ndéanamh faoin Acht Print Full ActPriontáil an tAcht Iomlán Number 1 of 1988 HOUSING FINANCE AGENCY (AMENDMENT) ACT, 1988 ARRANGEMENT OF SECTIONS Section 1. Interpretation. 2. Amendment of section 5 of Principal Act. 3. Amendment of section 10 of Principal Act. 4. Amendment of section 14 of Principal Act. 5. Short title, collective citation and construction. Acts Referred to Housing Act, 1966 1966, No. 21 Housing Finance Agency Act, 1981 1981, No. 37 Housing Finance Agency (Amendment) Act, 1982 1982, No. 27 Housing Finance Agency (Amendment) Act, 1985 1985, No. 20 Housing Finance Agency Acts, 1981 to 1985 Housing (Miscellaneous Provisions) Act, 1979 1979, No. 27 Number 1 of 1988 HOUSING FINANCE AGENCY (AMENDMENT) ACT, 1988 AN ACT TO AMEND AND EXTEND THE HOUSING FINANCE AGENCY ACTS, 1981 TO 1985. [8th February, 1988]. BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS: Interpretation. 1.—In this Act— “the Act of 1985” means the Housing Finance Agency (Amendment) Act, 1985 ; “the Principal Act” means the Housing Finance Agency Act, 1981 . Amendment of section 5 of Principal Act. 2.—(1) Section 5 of the Principal Act is hereby amended by— (a) the substitution for subsection (1) (b) of the following paragraph— “(b) advance moneys to a housing authority to enable the authority— (i) to make loans for the purpose of acquiring, constructing, or carrying out improvement works to, houses, and (ii) to pay grants under section 6 of the Housing (Miscellaneous Provisions) Act, 1979 .”, and (b) the substitution for subsection (2) of the following subsection— “(2) Where moneys are advanced to a housing authority under subsection (1) of this section for the making of loans, the authority shall use such moneys to make loans— (a) under section 39 of the Housing Act, 1966 , or (b) in accordance with such terms and conditions relating to the acquisition and construction of houses as have, from time to time, been approved of for the purposes of this section by the Minister and by the Minister for Finance, or (c) under section 8 of the Housing (Miscellaneous Provisions) Act, 1979 .”. (2) This section shall be deemed to have come into operation on the 1st day of July, 1987. Amendment of section 10 of Principal Act. 3.—Section 10 (as amended by the Housing Finance Agency (Amendment) Act, 1982 , and the Act of 1985) of the Principal Act is hereby amended by the substitution in subsection (3) for “£500,000,000” (inserted by the Act of 1985) of “£1,000,000,000”. Amendment of section 14 of Principal Act. 4.—The Principal Act is hereby amended by the substitution for section 14 of the following section: “14.—(1) The Agency, in performing its functions, shall secure that, having regard to any contribution which may be made by the Minister under subsection (2) of this section, and taking one year with another, all its costs are met from its operations. (2) The Minister may, with the consent of the Minister for Finance, make, out of moneys provided by the Oireachtas, a contribution towards the costs of the Agency. (3) This section shall be deemed to have come into operation on the 1st day of December, 1986.”. Short title, collective citation and construction. 5.—(1) This Act may be cited as the Housing Finance Agency (Amendment) Act, 1988. (2) The Housing Finance Agency Acts, 1981 to 1985, and this Act may be cited together as the Housing Finance Agency Acts, 1981 to 1988, and shall be construed together as one Act. Privacy Statement Accessibility European Legislation Identifier (PDF) Open Data License Ráiteas Príobháideachais Inrochtaineacht Aitheantóir Eorpach Reachtaíochta (ELI) Ceadúnas Sonraí Oscailte Liosta Fianán © Government of Ireland. Oireachtas Copyright Material is reproduced with the permission of the Houses of the Oireachtas © Rialtas na hÉireann. Atáirgtear ábhar faoi Chóipcheart le cead ó Thithe an Oireachtais

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AI explanation based on the official legal text. Indicative, not a substitute for legal advice.