National Health Insurance Act, 1942
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The National Health Insurance Reserve Fund. |
6.—(1) There shall be a fund (in this Act referred to as the Reserve Fund) to be known as the National Health Insurance Reserve Fund, and the Reserve Fund (which shall be under the control of the Minister) shall be deemed to have been established as on and from the 1st day of January, 1942. | |
(2) All moneys which immediately before the 1st day of January, 1942, were standing to the credit of the National Health Insurance Central Fund, established under section 15 of the Act of 1923, shall form part of the Reserve Fund and shall be deemed to have been transferred to the Reserve Fund on the 1st day of January, 1942. | ||
(3) All sums which under section 29 of the Act of 1918 were due to be credited to the National Health Insurance Central Fund in respect of any period prior to the 1st day of January, 1942, but which had not been so credited at the date of the passing of this Act shall be credited to the Reserve Fund. | ||
(4) The sums to be credited to the Reserve Fund under the immediately preceding sub-section and the sums to be carried to the Reserve Fund under the next following section shall be paid to the Minister for Finance and those sums together with all accumulations of interest on the moneys for the time being standing to the credit of the Reserve Fund shall be invested by the said Minister in the same manner as moneys to the credit of the National Health Insurance Fund are invested. | ||
(5) The Minister for Finance shall present to each House of the Oireachtas annually a return of the securities in which moneys forming part of the Reserve Fund are for the time being invested. |