S.I. No. 230/1999 - National Treasury Management Agency (Delegation of Functions) Order, 1999.

1. (1) This Order may be cited as the National Treasury Management Agency (Delegation of Functions) Order, 1999.

(2) This Order shall come into operation on the 21st day of July, 1999.

2. The functions of the Minister for Finance under

section 213

of the

Finance Act, 1999

(No. 2 of 1999), are hereby delegated to the National Treasury Management Agency.

GIVEN under the Official Seal of the Government this 21st day of July, 1999.

BERTIE AHERN

Taoiseach.

EXPLANATORY NOTE.

(This note is not part of the Instrument and does not purport to be a legal interpretation.)

As provided for in

Section 5

of the

National Treasury Management Agency Act, 1990

and

Section 213

of the

Finance Act, 1999

, this Order delegates to the National Treasury Management Agency the statutory power of the Minister for Finance to discharge the liabilities in respect of certain borrowings by the Minister for Agriculture and Food.

The Government, in exercise of the powers conferred on them by

section 5

of the

National Treasury Management Agency Act, 1990

(No. 18 of 1990), hereby order as follows