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Appointment of majority-shareholding Minister
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9. (1) A Minister of the Government (other than the Minister or the Minister for Public Expenditure, National Development Plan Delivery and Reform) shall, for the purpose of implementing Directive 2009/73/EC of the European Parliament and of the Council of 13 July 20091
, hold 90 per cent of the shares in Gas Networks Ireland (in this Act referred to as the “majority-shareholding Minister”) being—
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(a) for the time being, the Minister for Housing, Local Government and Heritage, or
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(b) such Minister of the Government as may stand appointed by order of the Government under subsection (2).
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(2) The Government may by order appoint a Minister of the Government (other than the Minister, the Minister for Housing, Local Government and Heritage or the Minister for Public Expenditure, National Development Plan Delivery and Reform) to be the majority-shareholding Minister.
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(3) (a) The first order made under subsection (2) shall transfer the shareholding of the Minister for Housing, Local Government and Heritage as majority-shareholding Minister in Gas Networks Ireland to the Minister of the Government appointed as majority-shareholding Minister under that order.
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(b) A second or subsequent order made under subsection (2) shall transfer the shareholding of the majority-shareholding Minister in Gas Networks Ireland to the majority-shareholding Minister appointed under such order on and from the date of his or her appointment.
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(4) Every order made under 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 under it.
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1 OJ No. L211, 14.8.2009, p. 94 |
