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State Guarantees (Amendment) Act, 1964

In short

This law amends the State Guarantees Act, 1954, primarily to allow for state guarantees in foreign currencies and to increase a specific financial limit for Aer Lingus, Teoranta.

What it regulates

Who it concerns

Key points

📄 Legal text
State Guarantees (Amendment) Act, 1964 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 1964 State Guarantees (Amendment) Act, 1964 State Guarantees (Amendment) Act, 1964 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 36 of 1964. STATE GUARANTEES (AMENDMENT) ACT, 1964 ARRANGEMENT OF SECTIONS Section 1. Principal Act. 2. Amendment of section 2 of Principal Act. 3. Amendment of sections 3, 5 and 6 of Principal Act. 4. Amendment of Schedule to Principal Act. 5. Short title and collective citation. Acts Referred to State Guarantees Act, 1954 1954, No. 9. State Guarantees (Amendment) Act, 1964 S.I. No. 185 of 1964 . Number 36 of 1964. STATE GUARANTEES (AMENDMENT) ACT, 1964 AN ACT TO AMEND AND EXTEND THE STATE GUARANTEES ACT, 1954 . [22nd December, 1964.] BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS:— Principal Act. 1.—In this Act “the Principal Act” means the State Guarantees Act, 1954 . Amendment of section 2 of Principal Act. 2.—Subsection (1) of section 2 of the Principal Act is hereby amended by the insertion after “in such form and manner” of “and in such moneys (including moneys in a currency other than the currency of the State)”. Amendment of sections 3, 5 and 6 of Principal Act. 3.—(1) In relation to a guarantee, by virtue of the amendment effected by section 2 of this Act, in moneys in a currency other than the currency of the State— (a) each of the references to principal in section 3 of the Principal Act shall be taken as referring to the equivalent in currency of the State of the actual principal, such equivalent being calculated according to the rate of exchange at the time of the giving of the guarantee, (b) each of the references to moneys in section 5 and subsection (1) of section 6 of the Principal Act shall be taken as referring to the cost in currency of the State of the actual moneys. (2) Where— (a) the equivalent in currency of the State of other currency is being calculated pursuant to paragraph (a) of the foregoing subsection, and (b) the currencies having, at the time specified in that paragraph, par values established under the Articles of Agreement of the International Monetary Fund include the currency of the State and the other currency, the reference in that paragraph to the rate of exchange at that time shall be taken as referring to the rate of exchange based on those values. Amendment of Schedule to Principal Act. 4.—The Schedule to the Principal Act is hereby amended by the substitution, for the reference to £5,000,000 which was inserted in the third column in respect of Aer Lingus, Teoranta by the State Guarantees Act, 1954 (Amendment of Schedule) (No. 2) Order, 1964, of a reference to £6,000,000. Short title and collective citation. 5.—(1) This Act may be cited as the State Guarantees (Amendment) Act, 1964 . (2) The Principal Act and this Act may be cited together as the State Guarantees Acts, 1954 and 1964. 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.