Number 25 of 2004

ELECTRICITY (SUPPLY) (AMENDMENT) ACT 2004

ARRANGEMENT OF SECTIONS

Number 25 of 2004

ELECTRICITY (SUPPLY) (AMENDMENT) ACT 2004

AN ACT TO AMEND SECTION 4 OF THE ELECTRICITY (SUPPLY) (AMENDMENT) ACT 1954 AND TO PROVIDE FOR CONNECTED MATTERS. [18th July, 2004]

BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS:

Amendment of section 4 of Electricity (Supply) (Amendment) Act 1954.

1.— Section 4 of the Electricity (Supply) (Amendment) Act 1954 (as amended by the Electricity (Supply) (Amendment) Act 1982 ) is amended by substituting the following subsection for subsection (4):

“(4) The aggregate amount at any one time of moneys borrowed under this section, and of any advances under section 5 of this Act, which have not been repaid shall not exceed €6,000,000,000 and for the purposes of this subsection moneys borrowed in a currency other than the currency of the State shall be deemed to be the equivalent in the currency of the State of the actual moneys borrowed, such equivalent being calculated according to the rate of exchange at the time of the borrowing for that currency and the currency of the State.”.

Short title, collective citation and construction.

2.—(1) This Act may be cited as the Electricity (Supply) (Amendment) Act 2004 .

(2) The Electricity (Supply) Acts 1927 to 2001 and this Act may be cited together as the Electricity (Supply) Acts 1927 to 2004 and shall be construed together as one.