F'daqqa t'għajn
Din il-liġi tawtorizza u tirregolarizza l-ħruġ ta' garanziji mill-Gvern ta' Malta lill-Bank Ewropew tal-Investiment f'ċerti każijiet speċifiċi. Hija tindirizza wkoll kwistjonijiet anċillari u inċidentali relatati ma' dawn il-garanziji.
X'tirregola
- L-awtorizzazzjoni għall-Gvern ta' Malta biex joħroġ garanziji lill-Bank Ewropew tal-Investiment.
- Il-mekkaniżmu u t-termini għall-ħruġ ta' dawn il-garanziji.
- Il-limitu massimu tal-ammont tal-garanzija li jista' joħroġ il-Gvern ta' Malta.
- Il-lingwa li fiha jistgħu jsiru l-Annessi tal-Att.
Min hu kkonċernat
- Il-Gvern ta' Malta, bħala l-entità li toħroġ il-garanziji.
- Il-Bank Ewropew tal-Investiment, bħala l-benefiċjarju tal-garanziji.
Punti ewlenin
- Il-Gvern ta' Malta jista' joħroġ garanziji inkondizzjonati, irrevokabbli u fuq l-ewwel talba lill-Bank Ewropew tal-Investiment.
- Dawn il-garanziji huma relatati ma' tranżazzjonijiet li jsiru mill-Bank Ewropew tal-Investiment għall-kont tal-Fond (il-Fond ta' Garanzija tal-UE COVID-19).
- L-ammont aggregat tal-garanzija ma jistax jaqbeż it-tnax-il miljun, mitejn u sebgħa u disgħin elf, erba' mija u għaxar ewro u sitt ċenteżmi (€12,297,410.06).
- Kwalunkwe garanzija li taqbeż dan l-iskop tista' ssir biss kif u għall-iskop li l-Kamra tad-Deputati tiddetermina b'riżoluzzjoni.
📄 Legal text
GUARANTEES TO THE EUROPEAN INVESTMENT BANK
[ CAP. 616.
1
CHAPTER 616
GUARANTEES TO THE EUROPEAN INVESTMENT
BANK ACT
AN ACT to authorise, regularise and to issue guarantees to the
European Investment Bank in specific cases and to provide for matters
ancillary and incidental thereto.
14th July, 2020
ACT XXXIII of 2020.
1.
The short title of this Act is the Guarantees to the European
Investment Bank Act.
2.
In this Act, unless the context otherwise requires:
Short title.
Interpretation.
"Contribution Agreement" means the Contribution
Agreement which may be entered into between the Government
of Malta and the European Investment Bank in respect of the
Pan-European Guarantee Fund in response to COVID-19,
reproduced in the Second Schedule;
"First Demand Guarantee Agreement" means the
Guarantee Agreement that may be entered into between the
Original Guarantors, including the Government of Malta, and
the Acceding Guarantors acceding from time to time and the
European Investment Bank in relation to transactions entered
into by the Bank for the account of the Fund, reproduced in the
First Schedule;
"Fund" means the EU COVID-19 Guarantee Fund to be
established by the European Investment Bank under its
Partnership Platform for Funds;
"Malta" shall have the same meaning as assigned to it by
article 124 of the Constitution of Malta;
"Minister" means the Minister responsible for finance.
3.
Subject to the provisions of this Act, the Government of
Malta may issue unconditional, irrevocable and first demand
guarantees to the European Investment Bank by entering into a First
Demand Guarantee Agreement with the Bank in relation to
transactions entered into by the European Investment Bank for the
account of the Fund.
Authority to issue
guarantees.
4.
(1)
Any guarantee issued in accordance with article 3
shall be subject to the terms incorporated in the Contribution
Agreement:
Mechanism for
issuing of
guarantees.
Provided that the guarantee issued by the Government of
2
[ CAP.616.
GUARANTEES TO THE EUROPEAN INVESTMENT BANK
Malta shall not exceed the aggregate amount of twelve million, two
hundred and ninety-seven thousand, four hundred and ten euro and six
cents (€12,297,410.06).
(2)
Any guarantee issued by the Government of Malta relating
to the Fund beyond the purpose specified under sub-article (1) may
only be done in such manner and for such purpose as the House may
by resolution determine.
Language
5.
The Annexes to this Act may be made in the English
language only.
FIRST SCHEDULE
First Demand Guarantee Agreement
SECOND SCHEDULE
Contribution Agreement
🔗 Għas-sors uffiċjali
AI explanation based on the official legal text. Indicative, not a substitute for legal advice.