The National Development Finance Agency Act 2007 amended the 2002 Act to provide a statutory basis for expertise in the National Development Finance Agency to procure public-private partnership arrangements. \u00a0It sought to improve the capacity of the public sector to undertake PPPs funded by unitary payments from the Departmental or Agency votes.<\/p>\n
The Act allows the NDFA to undertake procurement functions on behalf of Departments or Agency.\u00a0 It updates the list of state authorities covered by the legislation. There is provision for addition of further Agency.<\/p>\n
The NDFA may enter PPPs with a view to transfer the rights and obligations under the PPP to a state authority. It may alternatively act as an agent for any state authority in entering a PPP.\u00a0 Generally, the NDFA will act as an agent for a state authority.<\/p>\n
The NDFA is to draw up a code of conduct based on best practices to ensure good corporate governance in the performance of its functions in PPP matters. \u00a0They are to be approved by the Minister for Finance. The NDFA must have regard to Ministerial policies and guidelines in PPP in exercising its function.<\/p>\n
There is provision for the signing of contracts by two staff authorized by the board as well as members of the board. \u00a0The NDFA carries out its functions through the NTMA.<\/p>\n
Expenses incurred by the NDFA and its advisory functions in relation to specific projects may be charged and paid out of the vote of their relevant department. \u00a0The state authority’s PPP Arrangements Act 2002 is amended by adding the NDFA.<\/p>\n\n
\n <\/div>\n\n","protected":false},"excerpt":{"rendered":"
Facilitating Legislation Public private partnerships are arrangements between the public sector and the private sector for the delivery by the private sector of certain public infrastructure and\/or public services, which traditionally would have been provided by the public sector. Public private partnerships covered under the Act include arrangements with the private sector partner in relation […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[58],"tags":[],"_links":{"self":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts\/19402"}],"collection":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/comments?post=19402"}],"version-history":[{"count":4,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts\/19402\/revisions"}],"predecessor-version":[{"id":31321,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts\/19402\/revisions\/31321"}],"wp:attachment":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/media?parent=19402"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/categories?post=19402"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/tags?post=19402"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}