Shannon Free Airport Development Company Limited (Amendment) Act, 1963
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Advances to the Company by Minister for Finance. |
4.—(1) The Minister for Finance may from time to time, subject to the provisions of this section, make advances to the Company out of the Central Fund or the growing produce thereof to meet expenditure incurred by the Company (whether before or after the passing of this Act) in relation to the provision of houses and community services for the purposes of the industrial estate at the airport. | |
(2) The aggregate amount of advances under subsection (1) of this section and advances under section 4 of the Act of 1961 shall not exceed two million pounds. | ||
(3) For the purposes of this section, the amount of the expenditure of the Company in relation to the provision of houses and community services shall be reduced by the amount of any grants received by the Company under subsection (2) of section 5 of this Act or the Housing (Financial and Miscellaneous) Acts, 1932 to 1962, in relation to the provision of houses. | ||
(4) Advances under subsection (1) of this section shall be made on such terms as to repayment, interest and other matters as may be determined by the Minister for Finance. | ||
(5) All sums paid by the Company in repayment of an advance under subsection (1) of this section or in pursuance of any term or condition subject to which an advance was made under the section shall be paid into or disposed of for the benefit of the Exchequer. |