Irish Land Act, 1909

Provision of money for expenditure on improvements by Land Commission, and closing of reserve fund.

28.(1) When the reserve fund established under paragraph (b) of subsection (2) of section five of the Act of 1891 is exhausted, any money required by the Land Commission for the exercise of their powers under subsection (1) of section twelve of the Act of 1903 shall, up to an amount approved by the Treasury in each year, be paid out of moneys provided by Parliament.

(2) The said reserve fund shall, when it is exhausted, cease to exist as a separate fund, and any sums, which under any Act or otherwise are to be paid into that reserve fund, shall be paid into the Exchequer.