Loan guarantee schemes agreements (strategic banking corporation of ireland) act 2021

• Statutory Instrument No.: 9/2021
• Enactment Date: 25 May 2021
• Act Number: 9

Number 9 of 2021
LOAN GUARANTEE SCHEMES AGREEMENTS (STRATEGIC BANKING CORPORATION OF IRELAND) ACT 2021
CONTENTS
Section
1. Definition
2. Powers for relevant Ministers to enter into agreements with Strategic Banking Corporation of Ireland
3. Review of operation of Act
4. Expenses
5. Short title and commencement
Acts Referred to
Strategic Banking Corporation of Ireland Act 2014 (No. 22)
Number 9 of 2021
LOAN GUARANTEE SCHEMES AGREEMENTS (STRATEGIC BANKING CORPORATION OF IRELAND) ACT 2021
An Act to enable certain Ministers of the Government to enter into agreements with the Strategic Banking Corporation of Ireland for the purpose of facilitating access to finance pursuant to certain loan guarantee schemes by certain qualifying enterprises; and to provide for related matters.
[25th May, 2021]
Be it enacted by the Oireachtas as follows:
		Definition
1. In this Act, “relevant Minister” means—
	(a) the Minister for Enterprise, Trade and Employment, or
	(b) the Minister for Agriculture, Food and the Marine.
		Powers for relevant Ministers to enter into agreements with Strategic Banking Corporation of Ireland
2. (1) One or both relevant Ministers may, with the consent of the Minister for Finance and the Minister for Public Expenditure and Reform, enter into one or more agreements (each of which is, in this section, referred to as an “agreement”) with the Strategic Banking Corporation of Ireland for the purpose of facilitating access to finance for qualifying enterprises.
	(2) Subject to subsection (3), an agreement shall be subject to such conditions as may be specified in the agreement and may include a condition that a relevant Minister who is a party to the agreement shall provide a contribution committed for the purposes of the agreement concerned.
	(3) A relevant Minister shall not exercise the powers conferred on him or her by subsection (1) in such manner as would result in the aggregate of the liability in respect of contributions committed under all agreements (that is, regardless of which relevant Minister is a party to the agreement concerned) for the time being in force exceeding €50 million.
	(4) A relevant Minister who is a party to an agreement shall discharge any fees, costs and expenses payable under the agreement.
	(5) In this section—
	“branch” has the same meaning as it has in Commission Regulation (EU) 651/2014 of 17 June 20141 declaring certain categories of...