Industrial Grants Act, 1959
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Grants and guarantees by the Minister after expiry of sections 2, 3 and 4 of this Act. |
5.—(1) Where a grant which the Board have decided to make under section 2 or section 3 of this Act or which the Board are required to make under section 4 of this Act remains unpaid in whole or in part on the expiry of those sections, the Minister shall make the grant or the unpaid part thereof on the terms which were determined by the Board or the Authority, as the case may be. | |
(2) Where moneys the payment of which was guaranteed by the Board under section 3 of this Act remain unpaid in whole or in part on the expiry of that section, the Minister shall guarantee the payment of the moneys or the unpaid part thereof on the terms which were determined by the Board. | ||
(3) Grants and payments on foot of guarantees under this section shall be made out of moneys provided by the Oireachtas. |