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Grants to health authorities.
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4.—(1) Subject to subsection (2) of this section, there shall, in respect of the year 1948-49 and each subsequent year, be paid, out of moneys provided by the Oireachtas, to each health authority, a grant equal to the amount by which the health expenditure in respect of that year for such health authority exceeds the standard expenditure in respect of that year for such health authority.
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(2) If, in a year, the health expenditure in respect of that year for a health authority exceeds twice the standard expenditure in respect of that year for such health authority, the grant payable to such health authority under subsection (1) of this section in respect of that year shall be reduced by a sum equal to one-half of the excess.
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(3) Every grant under subsection (1) of this section to a health authority shall be made at such times and by such payments as the Minister, with the consent of the Minister for Finance, may appoint and subject to compliance by that health authority with such conditions (including the submission of estimates of expenditure and receipts and returns of expenditure and receipts) as the Minister may appoint.
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