Change Of The Balance Of Payments Stabilization Act

Original Language Title: Ă„nderung des Zahlungsbilanzstabilisierungsgesetzes

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90. Federal law that modifies the balance of payments Stabilization Act

The National Council has decided:

The balance of payments Stabilization Act, Federal Law Gazette I no. 52/2009, last amended by Federal Law Gazette I no. 31/2010, is amended as follows:

section 2a is as follows:

'Article 2a. (1) for the purposes of the support by Member States of the euro area the Federal Minister of finance is authorized, in consultation with other Member States of the European Union called the Federal Government liabilities in the form of guarantees for the issuance of financing through the "European financial stability facility", a company under Luxembourg law, or their successors, up to the outstanding total of 21 to take over 639 million 190 thousand billion of capital plus interest and costs.

(2) agreements referred to in paragraph 1 derogations are permitted by section 66 of the Federal Budget Act."

Fischer

Faymann