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Payments out of Fund.
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7.—(1) Subject to subsection (2), the Minister may, upon the recommendation of the Council, pay out of the Fund such an amount of moneys as he or she determines for the purpose of defraying, in whole or in part, the expenditure incurred in purchasing a heritage object, where he or she considers it appropriate to so do.
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(2) No payment shall be made out of the Fund for a purpose specified in subsection (1) if the fair market value of the heritage object concerned is, in the opinion of the Minister, less than—
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(a) £250,000 (€317,435), or
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(b) such greater amount as may be specified by order of the Minister made with the consent of the Minister for Finance.
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(3) Any payment of moneys out of the Fund shall be made to the person who has incurred or will incur the expenditure concerned or, as the case may be, has incurred or will incur the liability to defray such expenditure.
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(4) Payments shall only be made out of the Fund with the consent of the Minister for Finance.
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(5) An order under subsection (2)(b) may specify different amounts in respect of different classes of heritage object.
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