AGRICULTURAL CREDIT ACT, 1982

Type Act

Publication 1982-12-27

Last updated 2001-05-29

State Repealed superseded text

Text As published

Source Irish Statute Book

articles 4

This is the act as published. Later amendments are not folded into the text below: each one is a separate act in this repository and an entry in this law's history.

1 amending act · 2001-05-29, ACC BANK ACT, 2001

Reform history JSON API

AN ACT TO AMEND AND EXTEND THE AGRICULTURAL CREDIT ACTS, 1978 AND 1979. [27th December, 1982]

BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS:

1 Definitions.

1.—In this Act—

“the Principal Act” means the Agricultural Credit Act, 1978,

“the Act of 1979” means the Agricultural Credit Act, 1979.

2 Amendment of section 12 of Principal Act.

2.—Section 12 of the Principal Act is hereby amended by the substitution of the following subsection for subsection (1) (inserted by the Act of 1979):

“(1) Subject to the approval of the Minister, the Corporation may raise or borrow money (including money in a currency other than the currency of the State) in any manner it thinks fit, but the amount of money raised or borrowed and outstanding at any one time shall not exceed £800,000,000.”.

3 Amendment of section 14 of Principal Act.

3.—Section 14 of the Principal Act is hereby amended by the substitution of the following subsection for subsection (2) (inserted by the Act of 1979):

“(2) The Minister shall not so exercise the powers conferred by subsection (1) that the amount, or the aggregate amount, of principal which he may at any one time be liable to pay on foot of any guarantee or guarantees under that subsection for the time being in force, together with the amount of principal (if any) which the Minister has previously paid on foot of any such guarantees and which has not been paid by the Corporation to the Minister, exceeds £800,000,000.”.

4 Short title, construction and collective citation.

4.—(1) This Act may be cited as the Agricultural Credit Act, 1982.

(2) The Agricultural Credit Acts, 1978 and 1979, and this Act shall be construed together as one Act and may be cited together as the Agricultural Credit Acts, 1978 to 1982.

This document does not substitute the official text published in the Irish Statute Book. We accept no responsibility for any inaccuracies arising from the transcription of the original into this format.

This text is published under Irish Statute Book's own terms of reuse, not a Legalize or public-domain licence. Irish Statute Book
CC-BY 4.0 (Oireachtas Open Data PSI Licence)
Contains Irish Public Sector Information licensed under the Oireachtas (Houses of the Oireachtas) Open Data PSI Licence / Creative Commons Attribution 4.0 International, sourced from https://www.irishstatutebook.ie.