Employment Guarantee Fund Act, 1980

Resources of Fund.

4.—(1) The Fund shall consist of—

(a) the proceeds of the employer's employment surcharge, and

(b) an amount not exceeding £10,000,000 (including moneys already paid into the Employment Guarantee Fund grant-in-aid account) out of moneys provided by the Oireachtas.

(2) Any balance standing to the credit of the Employment Guarantee Fund grant-in-aid account at the passing of this Act shall be paid into the Fund as soon as practicable after such passing.