Údarás na Gaeltachta Act, 1979

Financial assistance by an tÚdarás for industrial purposes.

10.—(1) For the purpose of establishing, developing or maintaining industries and productive schemes of employment in the Gaeltacht an tÚdarás shall, subject to this section, have power to provide financial assistance (including the making of grants, the purchase of shares and the incurring of expenditure on buildings or otherwise) on such terms and subject to such conditions as it thinks proper.

(2) The Minister shall from time to time, after consultation with the Minister for Industry, Commerce and Energy and with the consent of the Minister for Finance, specify—

(a) a limit up to which an tÚdarás may provide, in any particular case, financial assistance at its discretion, and

(b) a limit above which an tÚdarás may provide, in any particular case, financial assistance with the prior approval of the Government.

(3) An tÚdarás may, with the consent of the Minister given after consultation with the Minister for Industry, Commerce and Energy, provide, in any particular case, financial assistance between the limits specified under subsection (2).

(4) An tÚdarás shall not provide financial assistance in any particular case where financial assistance has been provided by the Industrial Development Authority.

(5) An tÚdarás may, in accordance with schemes authorised from time to time by the Minister after consultation with the Minister for Industry, Commerce and Energy and with the consent of the Minister for Finance,—

(a) make grants for purposes other than in respect of fixed assets or the training of workers, and

(b) guarantee the repayment of loans received by persons for whom an tÚdarás has provided financial assistance.