National Development Corporation Act, 1986

Grants to Corporation, etc.

21.—(1) At any time during the period of five years commencing on the vesting day, the Minister may, subject to such conditions as he thinks proper and specifies to the Corporation, pay to the Corporation in each financial year out of moneys provided by the Oireachtas a grant or grants, in respect of the administrative expenses of the Corporation, of such amount or amounts as the Minister may fix with the consent of the Minister for Finance, subject to a limit of £2,000,000 in any such year.

(2) The Corporation shall, in relation to each financial year, or such longer period as the Minister may specify, prepare and send to the Minister (not later than a date specified by the Minister) an estimate of its total expenditure and receipts, and every such estimate shall be in such form and accompanied by such additional information relating to that estimate as the Minister may require.