Microenterprise Loan Fund (Amendment) Act 2020

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Number 3 of 2020


MICROENTERPRISE LOAN FUND (AMENDMENT) ACT 2020


CONTENTS

1. Definition

2. Amendment of section 2 of Act of 2012

3. Amendment of section 5 of Act of 2012

4. Amendment of section 7 of Act of 2012

5. Amendment of section 8 of Act of 2012

6. Borrowing by subsidiary from promotional financial institution

7. Amendment of section 19 of Act of 2012

8. Amendment of section 2 of European Investment Fund Agreement Act 2018

9. Short title and commencement


Acts Referred to

European Investment Fund Agreement Act 2018 (No. 32)

Microenterprise Loan Fund Act 2012 (No. 31)

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Number 3 of 2020


MICROENTERPRISE LOAN FUND (AMENDMENT) ACT 2020


An Act to amend the Microenterprise Loan Fund Act 2012 to increase the maximum amount of moneys that the Minister for Business, Enterprise and Innovation may grant under that Act to Microfinance Ireland; to extend the borrowing powers of Microfinance Ireland under that Act and, for that purpose, to increase the maximum aggregate amount of borrowings under that Act by Microfinance Ireland; to amend the European Investment Fund Agreement Act 2018 to increase the maximum aggregate liability in respect of contributions committed by the Minister for Business, Enterprise and Innovation and the Minister for Agriculture, Food and the Marine under all agreements entered into under that Act for the time being in force; and to provide for related matters.

[10th July , 2020]

Be it enacted by the Oireachtas as follows: