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Advances to an tÚdarás.
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23.—(1) For the purpose of enabling an tÚdarás to perform its functions the Minister for Finance may, on the recommendation of the Minister, advance from time to time to an tÚdarás out of the Central Fund or the growing produce thereof such sums as an tÚdarás may from time to time request.
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(2) (a) The Minister for Finance may from time to time determine the terms as to repayment, interest and other matters in relation to advances made to an tÚdarás or Gaeltarra Éireann.
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(b) Any advance made to Gaeltarra Éireann before the 1st day of April, 1965, shall be deemed to have ceased on that date to be repayable.
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(c) Any advance made to Gaeltarra Éireann after the 1st day of April, 1965, and any advance made to an tÚdarás shall not be repayable (nor shall interest be payable thereon) until such date as the Minister for Finance, after consultation with the Minister, shall determine.
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(3) All sums paid by an tÚdarás in repayment of an advance or in pursuance of any term determined in relation to an advance shall be paid into or disposed of for the benefit of the Exchequer.
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(4) The aggregate at any one time of sums advanced under this section and not repaid shall not exceed £50,000,000.
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