IE
(LRC Revised)
Statutory Text (1 Articles)
Number 16 of 2010
EUROPEAN FINANCIAL STABILITY FACILITY ACT 2010
REVISED
Updated to 28 May 2019
Changes to legislation
as of 10 July 2026, this Act is up to date with all changes known to be in force.
This Revised Act is an administrative consolidation of the
European Financial Stability Facility Act 2010
. It is prepared by the Law Reform Commission in accordance with its function under
the
Law Reform Commission Act 1975
(3/1975) to keep the law under review and to undertake revision and consolidation
of statute law.
All Acts up to and including
Greyhound Racing Act 2019
(15/2019), enacted 28 May 2019, and all statutory instruments up to and including
European Communities (Sheep Identification) (Amendment) Regulations 2019
(S.I. No. 243 of 2019), made 28 May 2019, were considered in the preparation of this
Revised Act.
Disclaimer: While every care has been taken in the preparation of this Revised Act,
the Law Reform Commission can assume no responsibility for and give no guarantees,
undertakings or warranties concerning the accuracy, completeness or up to date nature
of the information provided and does not accept any liability whatsoever arising from
any errors or omissions. Please notify any errors, omissions and comments by email
to
revisedacts@lawreform.ie.
Number
16
of
2010
EUROPEAN FINANCIAL STABILITY FACILITY ACT 2010
REVISED
Updated to 28 May 2019
ARRANGEMENT OF SECTIONS
Section
1. Definitions.
2. Participation by State under EFSF Framework Agreement.
3. Payments out of Central Fund.
4. Payments into Exchequer.
5. Reports by Minister to Dáil Éireann.
6. Amendment of Euro Area Loan Facility Act 2010.
7. Expenses.
8. Short title.
SCHEDULE
EFSF Framework Agreement
Act Referred to
Euro Area Loan Facility Act 2010
2010, No. 7
Number
16
of
2010
EUROPEAN FINANCIAL STABILITY FACILITY ACT 2010
REVISED
Updated to 28 May 2019
AN ACT TO FACILITATE, IN THE PUBLIC INTEREST, THE FINANCIAL STABILITY OF THE EUROPEAN
UNION AND FOR THAT PURPOSE—
(A) TO PROVIDE FOR MATTERS RELATING TO THE PARTICIPATION BY THE STATE IN THE EUROPEAN
FINANCIAL STABILITY FACILITY, A PUBLIC LIMITED COMPANY INCORPORATED UNDER THE LAWS
OF THE GRAND DUCHY OF LUXEMBOURG PURSUANT TO AN INTERGOVERNMENTAL AGREEMENT AMONG
CERTAIN MEMBER STATES OF THE EUROPEAN UNION CONSEQUENT ON THE CONCLUSIONS OF 9 MAY
2010 OF THE COUNCIL OF ECONOMIC AND FINANCE MINISTERS OF THE EUROPEAN UNION REGARDING
THE PRESERVATION OF FINANCIAL STABILITY IN EUROPE AND SUBJECT TO THE TERMS OF THE
EFSF FRAMEWORK AGREEMENT ENTERED INTO BY CERTAIN MEMBER STATES ON THE ONE PART AND
THE EUROPEAN FINANCIAL STABILITY FACILITY ON THE OTHER PART,
(B) TO PROVIDE FOR MATTERS RELATING TO GUARANTEES GIVEN BY THE STATE FOR THE PURPOSES
OF THE AGREEMENT SO ENTERED INTO,
(C) TO PROVIDE FOR PAYMENTS TO BE MADE OUT OF THE CENTRAL FUND OR THE GROWING PRODUCE
OF THAT FUND SO AS TO ENABLE EFFECT TO BE GIVEN TO THE AGREEMENT SO ENTERED INTO,
(D) TO PROVIDE FOR ALL RECEIPTS RECEIVED UNDER THIS ACT, INCLUDING RECEIPTS IN RESPECT
OF MONEYS ADVANCED OR GUARANTEES GIVEN, TO BE PAID INTO THE EXCHEQUER,
(E) TO AMEND THE EURO AREA LOAN FACILITY ACT 2010, AND
(F) TO PROVIDE FOR RELATED MATTERS.
[3
rd July
, 2010]
BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS
ARRANGEMENT OF SECTIONS
Section
1. Definitions.
2. Participation by State under EFSF Framework Agreement.
3. Payments out of Central Fund.
4. Payments into Exchequer.
5. Reports by Minister to Dáil Éireann.
6. Amendment of Euro Area Loan Facility Act 2010.
7. Expenses.
8. Short title.
SCHEDULE
EFSF Framework Agreement