|
|
Amendment of section 843 (capital allowances for buildings used for third level educational purposes) of Principal Act.
|
51.—Section 843 of the Principal Act is hereby amended—
|
|
| |
(a) in subsection (7), by the substitution of “31st day of December, 2002” for “1st day of July, 2000”, and
|
|
| |
(b) by the insertion of the following subsection after subsection (7):
|
|
| |
“(8) Notwithstanding the powers conferred and duties imposed—
|
|
| |
(a) on the Minister for Education and Science and the Minister for Finance to approve or give consent to the approval of, respectively, certain capital expenditure by virtue of the definition of ‘qualifying expenditure’ in subsection (1), and
|
|
| |
(b) on the Minister for Finance—
|
|
| |
(i) to certify compliance with the requirements of subsection (4), or
|
|
| |
(ii) not to give a certificate under that subsection at any time later than a particular day by virtue of subsection (7),
|
|
| |
the Minister for Education and Science and the Minister for Finance may, either generally or in respect of capital expenditure to be incurred on any particular type of qualifying premises, and subject to such conditions, if any, which they may see fit to impose, agree to delegate and may so delegate, in writing, to An túdarás the authority to exercise the powers and carry out the duties referred to in paragraphs (a) and (b) and where these Ministers of the Government so delegate that authority—
|
|
| |
(I) the definition of ‘qualifying expenditure’ in subsection (1) shall apply as if the reference in that definition to ‘, following receipt of the advice of An túdarás, is approved for that purpose by the Minister for Education and Science with the consent of the Minister for Finance’ were a reference to ‘is approved for that purpose by An túdarás’, and
|
|
| |
(II) subsections (4) and (7) shall apply as if the references in those subsections to ‘the Minister for Finance’ were references to ‘An túdarás’.”.
|
