Agriculture (An Chomhairle Oiliuna Talmhaiochta) Act, 1979

Amendment of section 11 of the Act of 1958.

22.—Section 11 of the Act of 1958 is hereby amended by the substitution for subsection (2) of the following subsections:

“(2) The moneys in the Endowment Fund may be used by the Institute for such capital purposes and to such extent as may from time to time be approved by the Minister with the consent of the Minister for Finance.

(2A) Any unexpended balance of the Endowment Fund shall be kept invested by the Institute in such securities as may from time to time be approved by the Minister for Finance.”.