AN BILLE PRIOMH-CHISTE (FORALACHA BUANA), 1965 CENTRAL FUND (PERMANENT PROVISIONS) BILL, 1965

Mar a meastar a bheith rite ag dhd Theach an Oireachtais As deemed to have been passed by both Houses of the Oireachtas

ARRANGEMENT OF SECTIONS

Section

1. Interpretation.

2. Issues out of Central Fund before grant of supply.

3. Adjustment of aggregate authorised by section 2.

4. Issues out of Central Fund after grant of supply.

5. Statement of authorised issues.

6. Provisions with respect to certain grants of supply infinancial year ending 31st March, 1966.

7. Power to borrow.

8. Disregard of repaid borrowing.

9. Short title.

AN BILLE PRIOMH-CfflSTE (FORALACHA BUANA), 1965 CENTRAL FUND (PERMANENT PROVISIONS) BILL, 1965

Interpretation.

Issues out of Central Fund before grant of supply.

Adjustment of aggregate authorised by section 2.

BILLentitled

AN ACT TO MAKE PERMANENT PROVISIONS WITH 5 RESPECT TO CERTAIN ISSUES OUT OF THE CENTRAL FUND AND TO BORROWING.

BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS

1.—In this Act—

“ the Appropriation Act ” means, in relation to a financial year, 10 the Act appropriating the sums granted in respect of the year for supply services;“ the Minister ” means the Minister for Finance.

2.—As from the commencement of the financial year ending on the 31st day of March, 1967, and of every subsequent financial year, 15 the Minister, as respects any supply service for which a sum was appropriated in respect of the immediately preceding financial year in the Appropriation Act of that year, shall, provided that during the year he asks Dail Eireann to grant supply for that service in respect of the year, be authorised to issue out of the Central Fund 20 in the year, and apply towards making good such supply, sums not exceeding in the aggregate four-fifths of the sum so appropriated, subject, as regards any particular issue and applica­tion, to his considering it to be necessary.

3.—Where, in the financial year ending on the 31st day of 25 March, 1967, or any subsequent financial year, Dail Eireann grants supply for a supply service for the year, being a service for which a sum was appropriated in the Appropriation Aot of the immediately preceding financial year, the aggregate authorised by section 2 of this Act to be issued for that service for the year shall— 30

(а) if the supply granted is more than four-fifths of the sumappropriated for the service in respect of the immedi­ately preceding financial year—be increased by the amount by which the supply granted is in excess of four-fifths of such sum, and 35

(б) if the supply granted is less than four-fifths of the sumappropriated for the service in respect of the immediately preceding financial year—be reduced by the amount by which the supply granted is less than four-fifths of such sum. 40

2

4.—Where, in the financial year ending on the 31st day of Issues out of March, 1967, or any subsequent financial year supply is granted by Dail Eireann— of supply!

(а) for a supply service for the year, being a service for5 which a sum was not appropriated in the Appropriation

Act of the immediately preceding financial year, or(б) for a supply service of the next following financial year,

the Minister may issue out of the Central Fund in the year for which the supply is granted, and apply towards making good the

LO supply, sums not exceeding in the aggregate the amount of the grant.

5.—The Minister shall, in every month of March, lay before Dail statement of Eireann a statement specifying the sums which, as from the com- authonsed 138 mencement of the next following financial year, he will be authorised

15 by sections 2 and 4 of this Act to issue out of the Central Fund.

6.—Where— Provisions withrespect to certain

(a) after the 30th day of July, 1965, and before the passing of £rant8 of supply this Act, supply was granted by Dail Eireann for a ^^^3^year Supply service, Or March, 1966.

20 (5) after the passing of this Act and before the 31st day ofMarch, 1966, supply is granted by Dail Eireann for a supply service for the financial year ending on that day or the next following financial year,

the Minister may issue out of the Central Fund in the financial 25 year for which the supply has been granted, and apply to making

good the supply, sums not exceeding in the aggregate the amount of the grant.

7.—(1) The Minister may borrow sums required for issues under Power to borrow, this Act and for that purpose may create and issue securities

80 bearing such rate of interest, and subject to such conditions as to repayment, redemption or any other matter, as he thinks fit.

(2) The principal and interest of securities issued under this section and the expenses incurred in connection with their issue shall be charged on the Central Fund or the growing produce

35 thereof.

(3) Moneys borrowed under this section shall be placed to the credit of the account of the Exchequer and shall form part of the Central Fund and be available in any manner in which that Fund is available.

40 8.—In determining the amount standing authorised to be Disregard ofborrowed under a power to borrow conferred on the Minister by or borrowing,under any Act (including this Act and any Act passed after the passing of this Act), borrowing under such power which has been repaid within twelve months after the date on which it was

45 effected shall be disregarded.

9.—This Act may be cited as the Central Fund (Permanent Short title. Provisions) Act, 1965.

3

AN BELLE PRIOMH-CHISTE (FORALACHA BUANA), 1965

CENTRAL FUND (PERMANENT PROVI­SIONS) BILL, 1965

BILLE BILLda ngairtear entitled

Acht do dheanamh foralacha buana maidir le heisiuintl airithe as an bPriomh-Chiste agus maidir le hiasachtal a fhail.

An Aet to make permanent provisions with respect to certain issues out of the Central Fund and to borowing.

Meastar a bheith rite ag dhd Theach an Oireachtais, 15 Nollaig, 1965

Deemed to have been passed by both Houses of the Oireachtas, 15fA December, 1965

BAILE ATHA CLIATHARNA FHOILSrO AO OIFIG AN tSOLATHAIK.

DUBLINPUBLISHED BY THE STATIONERY OFFICE.

Le oeannach direaoh 6n Oifig Diolta Foilseach&n Rial tain An Stuara, Aid Oifig an Phoist, Baile Atha Cliath, n6 tri

aon dioltdir leabhar.

To be purchased through any bookseller, or directly from the Government Publications Sale Office

G.P.O. Arcade, Dublin.

C16-bhuailte ag Cahill A Co., Ltd. Printed by Cahill A Co., Ltd.

[Luach : Si Phingin Qian]Wt. J44171/G/12. —. 675. 12/65. C.fcCo. <4495). G.16.

[Price: Sixpence Net.]