Industrial Development Act, 1969
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Grants to the Authority. |
17.—(1) In each financial year there may be paid by the Minister to the Authority out of moneys provided by the Oireachtas grants of such amounts as the Minister with the consent of the Minister for Finance may sanction to enable the Authority— | |
(a) to meet its administration and general expenses, and | ||
(b) to discharge the obligations or liabilities incurred by the Authority under this Act or otherwise, including any obligations or liabilities incurred by reason of any transfer of powers or functions effected by this Act. | ||
(2) The aggregate amount of grants made by the Authority under the Industrial Grants Act, 1956 , and of grants (other than grants under section 12 of the Act of 1952) made by An Foras Tionscal and the Minister under the Undeveloped Areas Acts, 1952 to 1969, and the Industrial Grants Acts, 1959 to 1969, and by the Authority under this Act, and of payments made by An Foras Tionscal and the Minister on foot of guarantees given by An Foras Tionscal and the Minister under the Industrial Grants Act, 1959 and of payments made by the Authority on foot of guarantees given under this Act and of payments made by An Foras Tionscal or the Authority under section 4 of the Act of 1966 and of payments made by the Authority under section 15 of this Act, shall not exceed £100,000,000. | ||
(3) The aggregate amount of grants under section 12 of the Act of 1952, section 3 of the Industrial Grants Act, 1956 , and subsection (1) (b) of this section shall not exceed £100,000,000. |