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Establishment, purpose, control and management of ICN Fund
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14. (1) There shall stand established, on the coming into operation of this section, a fund to be known as the Infrastructure, Climate and Nature Fund (in this Act referred to as the “ICN Fund”).
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(2) The purpose of the ICN Fund shall be to support State expenditure—
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(a) in 2026 or any year thereafter, where there has been, or is likely to be in the subsequent year, a significant deterioration in the economic or fiscal position of the State, and
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(b) in each of the years 2026 to 2030, on designated environmental projects.
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(3) The ICN Fund shall be controlled and managed by the Agency.
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(4) Ownership of the ICN Fund shall vest in the Minister.
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