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Transition Development Fund.
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30.—(1) There is hereby established a fund (in this section referred to as the Fund) which shall be known as the Transition Development Fund and shall be under the control and management of the Minister.
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(2) There shall be paid into the Fund, out of moneys provided by the Oireachtas, in the financial year which commenced on the 1st day of April, 1946, a sum not exceeding five million pounds.
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(3) The Minister may apply the Fund for any purpose for or towards the cost of which public moneys are provided and which is conducive to the development or improvement of capital resources.
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(4) The Fund shall be wound-up not later than the 31st day of December, 1948, and the balance then remaining in the Fund shall be paid into or disposed of for the benefit of the Exchequer in such manner as the Minister may direct.
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(5) The Minister shall, as respects every financial year, during which or part of which the Fund is maintained, prepare an account of payments into and out of the Fund, and such account shall be submitted to the Comptroller and Auditor General for examination and report.
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(6) The Minister shall lay before each House of the Oireachtas a copy of every account prepared under subsection (5) of this section and of every report of the Comptroller and Auditor General thereon.
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(7) In this section—
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the expression “the Minister” means the Minister for Finance; the expression “public moneys” means moneys charged on or issued out of the Central Fund or provided by the Oireachtas.
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