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Houses of the Oireachtas Commission (Amendment) (No. 2) Act 2012

Amendment of section 5 (funding of Commission) of Principal Act.

2.— The Principal Act is amended by substituting the following for section 5:

“5.— (1) Subject to subsection (2), the expenditure incurred by the Commission in the performance of its functions during the period of 3 years from 1 January 2013, shall, with the approval of the Minister for Public Expenditure and Reform, be charged on and paid out of the Central Fund or the growing produce of that Fund by the Minister for Finance.

(2) Not more than the sum of €324,000,000 shall be so charged and paid out.

(3) Receipts of the Commission specified in Schedule 2 shall be used by it for the purposes of the performance of its functions and the annual value of such receipts shall be duly deducted from the sum specified in subsection (2) and accounted for.”.