Local Loans Fund Act, 1935

Regulations.

17.—(1) The Minister may by order make regulations for all or any of the following purposes, that is to say:—

(a) requiring the payment of fees on applications for local loans and fixing the amounts of such fees and the persons by whom and the time and manner at and, in which such fees are to be paid;

(b) providing for the payment by persons obtaining local loans of the preliminary expenses of the issue of such loans, prescribing the manner in which the amount of such expenses is to be ascertained, and appointing the time and manner at and in which they are to be paid;

(c) authorising the deduction of such fees and expenses as aforesaid payable in respect of a local loan from the first issue on foot of such loan;

(d) authorising the allowance of discount on the repayment of a local loan before the time at which it is lawfully repayable and prescribing the method of calculating the amount of such discount and the manner of allowance of such discount, including the allowance thereof by remission of part of the principal of such loan;

(e) authorising the charging of a premium on the repayment of a local loan before the time at which it is lawfully repayable and prescribing the method of calculating such premium and the time and manner at and in which it is to be paid;

(f) prescribing any matter or thing which may be necessary or proper for the due management of the fund in accordance with this Act.

(2) All fees and expenses paid in pursuance of regulations made under this section shall be paid into or disposed of for the benefit of the Exchequer in such manner as the Minister shall direct.

(3) The Public Offices Fees Act, 1879, shall not apply in respect of any fees or expenses payable in pursuance of regulations made under this section.

(4) Every regulation made under this section shall be published in the Iris Oifigiúil and laid before each House of the Oireachtas as soon as conveniently may be after it is made.