In short
This law allows the Government to make additional payments to the International Development Association, specifically increasing the total amount that can be paid. It amends a previous Act from 1960 to permit these new payments.
What it regulates
- Additional payments from the Government to the International Development Association.
- The maximum aggregate amount of these additional payments.
- Arrangements between the Government and the Association regarding these payments.
- Amendments to section 3 of the International Development Association Act, 1960.
Who it concerns
- The Government, as the entity making the payments.
- The International Development Association, as the recipient of the payments.
Key points
- The Act enables additional payments not exceeding an aggregate of £5,819,705 to the International Development Association.
- These payments are made in accordance with arrangements between the Government and the Association, arising from a Resolution of the Board of Governors on additional financial resources.
- The payments are to be made out of the Central Fund or its growing produce.
- This Act, along with the International Development Association Acts, 1960 to 1973, can be cited together as the International Development Association Acts, 1960 to 1977.
📄 Legal text
International Development Association (Amendment) Act, 1977
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International Development Association (Amendment) Act, 1977
International Development Association (Amendment) Act, 1977
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Number 34 of 1977
INTERNATIONAL DEVELOPMENT ASSOCIATION (AMENDMENT) ACT, 1977
ARRANGEMENT OF SECTIONS
Section
1.
Amendment of section 3 of International Development Association Act, 1960.
2.
Short title and collective citation.
Number 34 of 1977
INTERNATIONAL DEVELOPMENT ASSOCIATION (AMENDMENT) ACT, 1977
AN ACT TO ENABLE ADDITIONAL PAYMENTS NOT EXCEEDING A SPECIFIED TOTAL AMOUNT TO BE MADE ON BEHALF OF THE GOVERNMENT TO THE INTERNATIONAL DEVELOPMENT ASSOCIATION. [20th December, 1977]
BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS:
Amendment of section 3 of International Development Association Act, 1960.
1.—Subsection (2) of
section 3
of the
International Development Association Act, 1960
, is hereby amended by the insertion after paragraph (ccc) (inserted by the
International Development Association (Amendment) Act, 1973
) of the following paragraph:
“(cccc) payments to the Association not exceeding in aggregate £5,819,705, in accordance with any arrangements made between the Government and the Association arising out of any Resolution of the Board of Governors of the Association on additional financial resources,”,
and that subsection, as so amended, is set out in the Table to this section.
TABLE
(2) The following payments, as and when they become appropriate to be made on behalf of the Government, shall be made out of the Central Fund or the growing produce thereof:
(a) payments under subsections (a) to (d) of Section 2 of Article II of the Agreement,
(b) payments under Section 1 of Article III of the Agreement,
(c) payments under paragraph (a) of Section 2 of Article IV of the Agreement,
(cc) payments to the Association not exceeding in aggregate the equivalent in Irish currency of 4 million United States dollars of the weight and fineness in effect on the 1st day of January, 1960, in accordance with any arrangements made between the Government and the Association arising out of any Resolution of the Board of Governors of the Association on additional financial resources,
(ccc) payments to the Association not exceeding in aggregate £3,100,070, in accordance with any arrangements made between the Government and the Association arising out of any Resolution of the Board of Governors of the Association on additional financial resources,
(cccc) payments to the Association not exceeding in aggregate £5,819,705, in accordance with any arrangements made between the Government and the Association arising out of any Resolution of the Board of Governors of the Association on additional financial resources,
(d) payments under subparagraph (i) of paragraph (c) of Section 4 of Article VII of the Agreement.
Short title and collective citation.
2.—(1) This Act may be cited as the International Development Association (Amendment) Act, 1977.
(2) The International Development Association Acts, 1960 to 1973, and this Act may be cited together as the International Development Association Acts, 1960 to 1977.
Acts Referred to
International Development Association Act, 1960
1960, No. 35.
International Development Association (Amendment) Act, 1973
1973, No. 30.
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