Industrial Research and Standards Act, 1961

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State endowment of the Institute.

37.—(1) There shall be paid to the Institute in every financial year out of moneys provided by the Oireachtas such grants towards its expenses as may be determined by the Minister with the concurrence of the Minister for Finance.

(2) In determining the amount of any such grant to be paid in any financial year, the Minister shall give due consideration to the income and expenditure of the Institute and for that purpose the Board shall furnish to the Minister as and when required by him information regarding such income and expenditure.