Turf Development Act, 1946

Advances to the Board out of the Central Fund.

53.—(1) For the purpose of enabling the Board to exercise or perform its functions, the Minister for Finance may, on the recommendation of the Minister, advance from time to time to the Board, out of the Central Fund or the growing produce thereof, such sums (not exceeding in the aggregate three million seven hundred and fifty thousand pounds) as the Board may from time to time request.

(2) The sums advanced under this section shall be expended by the Board solely for the purpose of the functions of the Board.

(3) The sums advanced under this section shall be repayable with interest in accordance with the subsequent provisions of this Act.