Finance Act, 1988
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Provisions relating to sums advanced to Local Loans Fund. |
69.—(1) Where any sum is, or, before the passing of this Act, has been, advanced, pursuant to section 5 (2) of the Local Loans Fund Act, 1935 , out of the Central Fund to the Local Loans Fund, the Minister for Finance may, if it seems to him desirable so to do, waive the repayment of the whole, or such part as the Minister may specify, of— | |
(a) such sum, or | ||
(b) any balance thereof not repaid, | ||
together with the whole, or such part as may be so specified, of any unpaid interest on such sum or balance. | ||
(2) The Minister for Finance shall, in respect of each sum or balance the repayment of which or of part of which, or of the interest or part of the interest on which, has been waived pursuant to subsection (1), lay before each House of the Oireachtas, a statement specifying the following matters: | ||
(a) the total amount of the sum advanced out of the Central Fund; | ||
(b) the total amount of principal, the repayment of which has been waived pursuant to subsection (1); and | ||
(c) the total amount of interest, the repayment of which has been waived pursuant to subsection (1). |