A final repayment agreement was reached between UK, Netherlands and Icelandic negotiators, and a bill formally entitled "Act 96/2009" was presented to the Icelandic parliament in June 2009. However, the Althing debate revealed wide opposition -even within the government- about the repayment conditions, and thus the parliament unilaterally added an amendment to the bill which set a maximum ceiling on the yearly repayments based on the country's Gross Domestic Product. On 28 August 2009, Iceland's parliament voted 34–15 (with 14 abstentions) to approve this amended bill (commonly referred to as the "Icesave bill 1"), which covered the conditions for the repayment to Great Britain and Netherlands of the €3.8bn minimum deposit guarantees stemming from the losses on the foreign Icesave deposit accounts. The repayment basically functioned as a states guaranteed repayment of the €3.8bn to UK and Netherlands, previously being owed to them by the at that point of time money drained Icelandic Depositors' and Investors' Guarantee Fund "(Tryggingarsjóður)".