Future Ireland Fund and Infrastructure, Climate and Nature Fund Act 2024

Review of operation, effectiveness and impact of ICN Fund

23. (1) The Minister shall, on or before 30 June 2031 or as soon as possible thereafter—

(a) carry out a review of the operation, effectiveness and impact of the ICN Fund having regard to the manner in which moneys paid out of the ICN Fund have been expended,

(b) consider whether or not the ICN Fund continues to be necessary and appropriate having regard to its purpose, the economic and fiscal position of the State and the long-term impact of the level of payments into the ICN Fund on the sustainability of the public finances, and

(c) cause a report in writing of his or her findings to be prepared and laid before each House of the Oireachtas.

(2) The Minister shall, for the purposes of subsection (1), consult with such other Minister of the Government as he or she considers appropriate.