Courts and Court Officers Act, 1995
|
Amendment of section 29 of Charities Act, 1961. |
52.— Section 29 (as amended by the Charities Act, 1973 ) of the Charities Act, 1961 , is hereby amended by— | |
(a) the substitution of “£250,000 in value” for “twenty-five thousand pounds in value” in subsection (2) (b); | ||
(b) the substitution of the following subsection for subsection (4): | ||
“(4) Where— | ||
(a) a scheme for the application of a charitable gift has been framed by order of a Court, and | ||
(b) circumstances exist in relation to the scheme, being circumstances whose existence in relation to a charitable gift would enable the property comprised in the gift to be applied cy-pres, and | ||
(c) the charitable gift does not exceed £250,000 in value, | ||
the Board, if they think fit, may, for the application cy-pres of the property comprised in the charitable gift, by order revoke the scheme and frame, in lieu thereof, a new scheme or revoke the scheme in part or otherwise amend the scheme.”; and | ||
(c) the insertion of the following subsections: | ||
“(9) The Minister for Justice may, from time to time make an order varying the monetary amounts specified in subsections (2) and (4) of this section having regard to changes in the value of money generally in the State since the said monetary amounts were first specified. | ||
(10) Every order made under subsection (9) of this section shall be laid before each House of the Oireachtas as soon as may be after it is made and, if a resolution annulling the order is passed by either such House within the next 21 days on which that House has sat after the order is laid before it, the order shall be annulled accordingly, but without prejudice to the validity of anything previously done thereunder.”. |