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Laying of statements of leases or licences before the Oireachtas.
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4.—(1) Where the Minister proposes to make or grant a lease or licence under this Act for any term exceeding five years he shall lay before each House of the Oireachtas a statement showing the person to whom such lease or licence is proposed to be made or granted, the property proposed to be included in such lease or licence, the fine or other preliminary payment (if any) and the rent (if any) proposed to be charged for such lease or licence, and the covenants, conditions, and agreements proposed to be inserted in such lease or licence.
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(2) No lease or licence for any term exceeding five years shall be made or granted under this Act until either—
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(a) each House of the Oireachtas has by resolution authorised the making or granting of such lease or licence either with or without modification of any of the proposed provisions of such lease or licence, or
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(b) the expiration of whichever of the following periods shall be the longer, that is to say:—
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(i) twelve days after the first day on which either House of the Oireachtas shall sit next after the statement in accordance with this section shall have been laid before the Houses of the Oireachtas, or
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(ii) six days on which either House of the Oireachtas shall have sat after the said statement shall have been so laid before the Houses.
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(3) Where a resolution of either House of the Oireachtas authorises the making or granting of a lease or licence under this Act subject to any modification of the proposed provisions of such lease or licence, such lease or licence shall not be granted save with and subject to such modification of its provisions.
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