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Loans by Minister for Finance to company for purposes of working capital.
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28.—(1) During the period of three years from the vesting day, the Minister for Finance may make loans to the company the aggregate amount of which standing unrepaid at any time shall not exceed £15,000,000.
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(2) A loan under this section shall be subject to such terms and conditions (including terms and conditions relating to the payment of interest on the loan and the repayment of the loan) as the Minister for Finance may determine.
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(3) Money lent to the company under this section shall be used by it as working capital.
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(4) Where money lent to the company under this section has not been repaid in accordance with the terms and conditions determined under subsection (2), the amounts so remaining outstanding shall be repaid to the Central Fund out of moneys provided by the Oireachtas.
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(5) Notwithstanding the provision of money under subsection (4) to repay an amount to the Central Fund, the company shall remain liable to the Minister for Finance in respect of that amount and that amount (together with interest thereon at such rate or rates as the Minister for Finance appoints) shall be repaid to the Minister for Finance by the company at such times and in such instalments as he appoints and, in default of repayment as aforesaid and without prejudice to any other method of recovery, shall be recoverable by him from the company as a simple contract debt in any court of competent jurisdiction.
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