(LRC Revised)

Number 23 of 2014

NATIONAL TREASURY MANAGEMENT AGENCY (AMENDMENT) ACT 2014

REVISED

Updated to 29 May 2026

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

National Treasury Management Agency (Amendment) Act 2014

. 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 the

International Co-Operation (Omagh Bombing Inquiry) Act 2026

(12/2026), enacted 3 June 2026, and all statutory instruments up to and including

the

International Co-Operation (Omagh Bombing Inquiry) Act 2026

(S.I. No. 239 of 2026), made 3 June 2026, 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

23

of

2014

NATIONAL TREASURY MANAGEMENT AGENCY (AMENDMENT) ACT 2014

REVISED

Updated to 29 May 2026

CONTENTS

PART 1

Preliminary and General

Section

1. Short title, collective citation,

construction and commencement

2. Definitions

3. Expenses

4. Orders

5. Amendments

6. Repeals

PART 2

National Treasury Management Agency

7. Interpretation

8. Membership

9. Procedure

10. Committees

11. Chief Executive

12. Accountability of Chief

Executive

13. Disqualification of members of

staff

14. Accounts and audit

15. Disclosure of

interests

16. Indemnification

17. Disclosure of confidential

information

PART 3

State Assets and Investment

18. Introductory

19. Financial and commercial

advisory functions relating to designated bodies

20. Financial and commercial

advisory functions relating to other bodies

21. Annual performance reports on

designated bodies

22. Proposals for

investment

23. Obligations of

Ministers

24. Procedures

PART 4

Infrastructure Projects

25. Interpretation

26. Functions relating to

projects

27. Policy directions and

guidance

28. Obligation of State

authority

29. Prescribing of State

authority, etc.

30. Repayment of expenses of

Agency

PART 5

Claims Management

31. Interpretation

32. Claim for costs —

definition

33. Additional functions of

Agency

34. Delegation to Agency of claims

for costs management function

35. Functions of Attorney

General

36. Satisfaction of claims for

costs

PART 6

Ireland Strategic Investment Fund

37. Interpretation

38. Ireland Strategic Investment

Fund

39. Investment policy for

Fund

40. Investment strategy for

Fund

41. Management of Fund

42. Directions to make certain

investment, etc.

42A. Funding of HBFI

42B. Funding of the Land Development Agency

43. Directions in relation to

certain investments

44. Relevant acquisitions and

relevant transfers

45. Certain persons not to be

shadow directors

46. Payments to Fund

47. Payments from Fund to

Exchequer

47A. Transfer of assets

(including money) from Fund to meet exceptional contingencies

(Repealed)

48. Expenses of Agency in relation

to Fund

49. Report and information to

Minister relating to operation of Fund

49A. Investment in Fossil Fuel

Undertakings

PART 7

Other Provisions

Chapter 1

Dissolution of National Pensions Reserve Fund Commission

50. Dissolution of National

Pensions Reserve Fund Commission

Chapter 2

Dissolution of National Development Finance Agency

51. Dissolution of National

Development Finance Agency

Chapter 3

Dissolution of Committees

52. Dissolution of Advisory

Committee

53. Dissolution of State Claims

Policy Committee

Chapter 4

Transitional provisions

54. Transitional

provision

PART 8

Miscellaneous

55. Amendment of section 6

(directions) of State Authorities (Public Private Partnership Arrangements) Act 2002

56. Amendment of Schedule 5

(specified bodies) to Social Welfare Consolidation Act 2005

SCHEDULE 1

Amendments of Acts

PART 1

Amendment of Finance Act 1970

PART 2

Amendments of Ombudsman Act 1980

PART 3

Amendments of National Treasury Management Agency Act 1990

PART 4

Amendments of Taxes Consolidation Act 1997

PART 5

Amendments of Stamp Duties Consolidation Act 1999

PART 6

Amendments of National Treasury Management Agency (Amendment) Act 2000

PART 7

Amendments of State Authorities (Public Private Partnership Arrangements) Act 2002

PART 8

Amendment of Credit Institutions (Stabilisation) Act 2010

PART 9

Amendments of Ministers and Secretaries (Amendment) Act 2011

PART 10

Amendment of Education and Training Boards Act 2013

SCHEDULE 2

Amendments of Statutory Instruments

PART 1

Amendments of Ethics in Public Office (Prescribed Public Bodies, Designated Directorships

of Public Bodies and Designated Positions in Public Bodies) Regulations 2004

PART 2

Amendments of Official Languages Act 2003 (Public Bodies) Regulations 2006

PART 3

Amendments of European Communities (Markets in Financial Instruments) Regulations

2007

PART 4

Amendment of Return of Payments (Banks, Building Societies, Credit Unions and Savings

Banks) Regulations 2008

PART 5

Amendments of General Government Secured Borrowings Order 2011

PART 6

Amendment of Return of Payments (Insurance Undertakings) Regulations 2011

SCHEDULE 3

State Authorities

SCHEDULE 4

Transitional Provisions

PART 1

Introductory

PART 2

Transfers on Fund Constitution Date

PART 3

Foreign Property etc.: Interim Period

PART 4

Transfers on Finance Agency Dissolution Date

PART 5

Accounts and Reports

PART 6

Other Provisions

Acts Referred to

Arbitration Act 2010

(No.

1)

Central Bank Act 1997

(No.

8)

Children Act 2001

(No.

24)

Commissions of Investigation Act

2004

(No. 23)

Companies Act 1963

(No.

33)

Companies Act 1990

(No.

33)

Companies Acts

Competition Act 2002

(No.

14)

Comptroller and Auditor General

(Amendment) Act 1993

(No. 8)

Comptroller and Auditor General Acts 1866 to 1998

Credit Institutions (Stabilisation)

Act 2010

(No. 36)

Education Act 1998

(No.

51)

Education and Training Boards Act

2013

(No. 11)

Ethics in Public Office Act

1995

(No. 22)

European Parliament Elections Act

1997

(No. 2)

Finance Act 1970

(No. 14)

Forestry Act 1988

(No.

26)

Harbours Acts 1946 to 2005

Interpretation Act 2005

(No.

23)

Investment of the National Pensions

Reserve Fund and Miscellaneous Provisions Act 2009

(No. 7)

Irish Takeover Panel Act 1997

(No. 5)

Local Government Act 2001

(No. 37)

Ministers and Secretaries

(Amendment) Act 2011

(No. 10)

Ministers and Secretaries Act

1924

(No. 16)

National Development Finance Agency

(Amendment) Act 2007

(No. 16)

National Development Finance Agency

Act 2002

(No. 29)

National Pensions Reserve Fund Act

2000

(No. 33)

National Treasury Management Agency

(Amendment) Act 2000

(No. 39)

National Treasury Management Agency

Act 1990

(No. 18)

National Treasury Management Agency Acts 1990 and 2000

Ombudsman Act 1980

(No.

26)

Prisons Act 1970

(No. 11)

Prisons Act 1972

(No. 7)

Regional Technical Colleges Act

1992

(No. 16)

Social Welfare Consolidation Act

2005

(No. 26)

Stamp Duties Consolidation Act

1999

(No. 31)

State Authorities (Public Private

Partnership Arrangements) Act 2002

(No. 1)

Taxes Consolidation Act 1997

(No. 39)

Tribunals of Inquiry (Evidence)

(Amendment) Act 1979

(No. 3)

Universities Act 1997

(No.

24)

Number

23

of

2014

NATIONAL TREASURY MANAGEMENT AGENCY (AMENDMENT) ACT 2014

REVISED

Updated to 29 May 2026

An Act to provide for and in

connection with the reconstitution of the National Treasury Management Agency; to

confer on

that Agency new functions relating to State bodies and assets and proposals for investment;

to transfer to that Agency functions of the National Development Finance Agency relating

to

infrastructure; to provide for the delegation to, and conferral on, the National Treasury

Management Agency of functions in relation to the management of certain claims for

costs of

a legal nature against, or in favour of, the State and certain related functions;

to

provide for the Ireland Strategic Investment Fund and the transfer to it of the assets

and

liabilities of the National Pensions Reserve Fund and to provide for its management

by the

National Treasury Management Agency; to provide for the dissolution of the National

Pensions Reserve Fund Commission, the National Development Finance Agency and certain

committees; for those and other purposes to amend the

National Treasury Management Agency Act

1990

, the

National Treasury Management Agency (Amendment) Act 2000

and

certain other enactments and to repeal the

National Pensions Reserve Fund Act 2000

, the

National Development

Finance Agency Act 2002

and certain other enactments; to amend the

State Authorities

(Public Private Partnership Arrangements) Act 2002

and the

Social Welfare

Consolidation Act 2005

; and to provide for related purposes.

[26

th July

, 2014]

Be it enacted by the Oireachtas

as follows

CONTENTS

PART 1

Preliminary and General

Section

1. Short title, collective citation,

construction and commencement

2. Definitions

3. Expenses

4. Orders

5. Amendments

6. Repeals

PART 2

National Treasury Management Agency

7. Interpretation

8. Membership

9. Procedure

10. Committees

11. Chief Executive

12. Accountability of Chief

Executive

13. Disqualification of members of

staff

14. Accounts and audit

15. Disclosure of

interests

16. Indemnification

17. Disclosure of confidential

information

PART 3

State Assets and Investment

18. Introductory

19. Financial and commercial

advisory functions relating to designated bodies

20. Financial and commercial

advisory functions relating to other bodies

21. Annual performance reports on

designated bodies

22. Proposals for

investment

23. Obligations of

Ministers

24. Procedures

PART 4

Infrastructure Projects

25. Interpretation

26. Functions relating to

projects

27. Policy directions and

guidance

28. Obligation of State

authority

29. Prescribing of State

authority, etc.

30. Repayment of expenses of

Agency

PART 5

Claims Management

31. Interpretation

32. Claim for costs —

definition

33. Additional functions of

Agency

34. Delegation to Agency of claims

for costs management function

35. Functions of Attorney

General

36. Satisfaction of claims for

costs

PART 6

Ireland Strategic Investment Fund

37. Interpretation

38. Ireland Strategic Investment

Fund

39. Investment policy for

Fund

40. Investment strategy for

Fund

41. Management of Fund

42. Directions to make certain

investment, etc.

42A. Funding of HBFI

42B. Funding of the Land Development Agency

43. Directions in relation to

certain investments

44. Relevant acquisitions and

relevant transfers

45. Certain persons not to be

shadow directors

46. Payments to Fund

47. Payments from Fund to

Exchequer

47A. Transfer of assets

(including money) from Fund to meet exceptional contingencies

(Repealed)

48. Expenses of Agency in relation

to Fund

49. Report and information to

Minister relating to operation of Fund

49A. Investment in Fossil Fuel

Undertakings

PART 7

Other Provisions

Chapter 1

Dissolution of National Pensions Reserve Fund Commission

50. Dissolution of National

Pensions Reserve Fund Commission

Chapter 2

Dissolution of National Development Finance Agency

51. Dissolution of National

Development Finance Agency

Chapter 3

Dissolution of Committees

52. Dissolution of Advisory

Committee

53. Dissolution of State Claims

Policy Committee

Chapter 4

Transitional provisions

54. Transitional

provision

PART 8

Miscellaneous

55. Amendment of section 6

(directions) of State Authorities (Public Private Partnership Arrangements) Act 2002

56. Amendment of Schedule 5

(specified bodies) to Social Welfare Consolidation Act 2005

SCHEDULE 1

Amendments of Acts

PART 1

Amendment of Finance Act 1970

PART 2

Amendments of Ombudsman Act 1980

PART 3

Amendments of National Treasury Management Agency Act 1990

PART 4

Amendments of Taxes Consolidation Act 1997

PART 5

Amendments of Stamp Duties Consolidation Act 1999

PART 6

Amendments of National Treasury Management Agency (Amendment) Act 2000

PART 7

Amendments of State Authorities (Public Private Partnership Arrangements) Act 2002

PART 8

Amendment of Credit Institutions (Stabilisation) Act 2010

PART 9

Amendments of Ministers and Secretaries (Amendment) Act 2011

PART 10

Amendment of Education and Training Boards Act 2013

SCHEDULE 2

Amendments of Statutory Instruments

PART 1

Amendments of Ethics in Public Office (Prescribed Public Bodies, Designated Directorships

of Public Bodies and Designated Positions in Public Bodies) Regulations 2004

PART 2

Amendments of Official Languages Act 2003 (Public Bodies) Regulations 2006

PART 3

Amendments of European Communities (Markets in Financial Instruments) Regulations

2007

PART 4

Amendment of Return of Payments (Banks, Building Societies, Credit Unions and Savings

Banks) Regulations 2008

PART 5

Amendments of General Government Secured Borrowings Order 2011

PART 6

Amendment of Return of Payments (Insurance Undertakings) Regulations 2011

SCHEDULE 3

State Authorities

SCHEDULE 4

Transitional Provisions

PART 1

Introductory

PART 2

Transfers on Fund Constitution Date

PART 3

Foreign Property etc.: Interim Period

PART 4

Transfers on Finance Agency Dissolution Date

PART 5

Accounts and Reports

PART 6

Other Provisions

Number

23

of

2014