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Grants to the Board.
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32.—(1) There may be paid to the Board in each financial year out of moneys provided by the Oireachtas a grant or grants of such amount or amounts as the Minister, with the consent of the Minister for Finance and after consultation with the Board in relation to its programme of expenditure for that financial year, may fix.
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(2) Subject to subsection (3) of this section, a grant under this section shall be used by the Board for such purpose or purposes and subject to such conditions (if any) as may be specified, with the consent of the Minister for Finance, by the Minister in writing at the time of the payment of the grant.
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(3) The Minister may, if he so thinks fit and with the consent of the Minister for Finance, vary in any manner the purposes or conditions specified by the Minister under subsection (2) of this section in relation to a grant or specify a purpose for which or a condition subject to which the grant is to be used (not being a condition or purpose specified under the said subsection (2)) and if the Minister specifies under this subsection a purpose for which or conditions subject to which the grant is to be used, the Board shall use the grant for that purpose or subject to those conditions, as the case may be.
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(4) A grant under this section shall not be used to defray more than two-thirds of—
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(a) any loss incurred by the Board in relation to the export of milk products by the Board, or
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(b) any subsidy, grant, or other like payment made by the Board in relation to the export of milk products, and a purpose or condition which is inconsistent with the provisions of this subsection shall not be specified under subsection (2) or (3) of this section.
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