In short
This law empowers the Minister for Finance to guarantee loans made by the European Investment Bank under the ACP-EEC Convention of Lomé, fulfilling Ireland's obligations under an international agreement.
What it regulates
- The power of the Minister for Finance to enter into guarantee contracts.
- The State's obligations as a guarantor for the European Investment Bank.
- Payments required to meet these guarantee obligations.
Who it concerns
- The Minister for Finance.
- The State (Ireland).
- The European Investment Bank.
- Borrowers of the European Investment Bank under the ACP-EEC Convention of Lomé.
Key points
- The Minister for Finance can make contracts of guarantee with the European Investment Bank on behalf of the State.
- These guarantees relate to financial commitments of borrowers from the Bank, arising from loan contracts under the ACP-EEC Convention of Lomé.
- The State's guarantee is in proportion to its contributions to the capital of the European Investment Bank.
- Any money needed by the Minister to fulfill these guarantees will be paid from the Central Fund.
📄 Legal text
ACP-EEC Convention of Lome (Contracts of Guarantee Between State and European Investment Bank) Act, 1976
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
1976
ACP-EEC Convention of Lome (Contracts of Guarantee Between State and European Investment Bank) Act, 1976
ACP-EEC Convention of Lome (Contracts of Guarantee Between State and European Investment Bank) Act, 1976
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 1976
ACP-EEC CONVENTION OF LOME (CONTRACTS OF GUARANTEE BETWEEN STATE AND EUROPEAN INVESTMENT BANK) ACT, 1976
ARRANGEMENT OF SECTIONS
Section
1.
Definitions.
2.
Power of Minister to make contracts of guarantee with European Investment Bank.
3.
Payments out of Central Fund.
4.
Short title.
Number 1 of 1976
ACP-EEC CONVENTION OF LOME (CONTRACTS OF GUARANTEE BETWEEN STATE AND EUROPEAN INVESTMENT BANK) ACT, 1976
AN ACT TO EMPOWER THE MINISTER FOR FINANCE TO FULFIL THE OBLIGATIONS UNDERTAKEN BY THE STATE IN IMPLEMENTATION OF THE ACP-EEC CONVENTION OF LOMÉ UNDER ARTICLE 9 OF THE INTERNAL AGREEMENT ON THE FINANCING AND ADMINISTRATION OF COMMUNITY AID DONE AT BRUSSELS ON THE 11TH DAY OF JULY, 1975, ON BEHALF OF THE GOVERNMENTS OF THE MEMBER STATES OF THE EUROPEAN ECONOMIC COMMUNITY. [27th January, 1976]
BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS:
Definitions.
1.—In this Act—
“the Agreement” means the Internal Agreement on the Financing and Administration of Community Aid done at Brussels on the 11th day of July, 1975, on behalf of the governments of the Member States of the European Economic Community;
“the Bank” means the European Investment Bank;
“the Minister” means the Minister for Finance.
Power of Minister to make contracts of guarantee with European Investment Bank.
2.—The Minister shall have power to fulfil on behalf of the State the obligations undertaken by the State under Article 9 of the Agreement to act as guarantor for the Bank, in proportion to the State's contributions to the capital of the Bank, in respect of all financial commitments arising for borrowers of the Bank out of the loan contracts concluded by the Bank in respect of its own resources in implementation of the ACP-EEC Convention of Lomé done at Lomé on the 28th day of February, 1975, and the Decision referred to in paragraph 1 of Article 9 of the Agreement and, accordingly, the Minister may make, on behalf of the State, contracts of guarantee with the Bank.
Payments out of Central Fund.
3.—All moneys from time to time required by the Minister to meet sums which may become payable by him under this Act shall be paid out of and charged on the Central Fund or the growing produce thereof.
Short title.
4.—This Act may be cited as the ACP-EEC Convention of Lomé (Contracts of Guarantee between State and European Investment Bank) Act, 1976.
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
AI explanation based on the official legal text. Indicative, not a substitute for legal advice.