Industrial Development (Amendment) Act, 1991

Investment by Authority in enterprises.

7.—(1) The Authority may invest in an enterprise by the purchase or taking of shares in the enterprise.

(2) Notwithstanding section 31 (4) of the Act of 1986, the Authority shall not, without the consent of the Government, invest in an enterprise by the purchase or taking of shares in the enterprise, an amount or amounts which, when added to the amount standing invested by the Corporation in the enterprise immediately before the commencement of this Act by way of equity share capital or a loan exceeds £1,500,000.