(1) A fund, to be known as the Credit Institutions Resolution Fund and referred to in this Act as "the Fund", is established.

(2) The purpose of the Fund is to provide a source of funding for the resolution of financial instability in, or an imminent serious threat to the financial stability of, an authorised credit institution, and in particular -

(a) [deleted]

(b) to provide funds for any payment required pursuant to section 37(1), 42(5), 46, 48 or 98,

(c) with the written consent of the Minister, to provide capital for a bridge-bank, and

(d) to meet the Bank’s expenses in discharging its functions under this Act.

(3) The Fund shall be constituted by -

(a) the contributions made by authorised credit institutions pursuant to section 13,

(b) any sums paid into it by the Minister pursuant to section 12,