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Electricity (Supply) (Amendment) Act, 1945

PART VII.

Miscellaneous.

Provision of moneys for the electrification of rural areas.

41.—(1) The Minister for Finance may, on the recommendation of the Minister, advance to the Board, as and when requested by the Board so to do, moneys not exceeding the sum of five million pounds for the electrification of rural areas.

(2) All moneys advanced to the Board under the foregoing subsection of this section shall be issued from and paid out of the Central Fund or the growing produce thereof.

(3) One moiety of the total amount of the moneys advanced to the Board under this section by the Minister for Finance shall be repaid to the Central Fund out of moneys provided by the Oireachtas at such time or times as the Minister for Finance shall direct and the other moiety of the said total amount shall be repaid by the Board.

(4) All moneys advanced to the Board by the Minister for Finance under this section shall be expended by the Board in the extension of the supply of electricity to rural areas.