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Industrial Development Act, 1986

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Number 9 of 1986

INDUSTRIAL DEVELOPMENT ACT, 1986

ARRANGEMENT OF SECTIONS

PART I

Preliminary and General

Section

1.

Short title and commencement.

2.

Interpretation.

3.

Service industry.

4.

Designated areas.

5.

Remission of rates.

6.

Triennial review of national industrial performance.

7.

Orders.

8.

Expenses.

9.

Repeals.

PART II

Industrial Development Authority

10.

The Industrial Development Authority.

11.

Functions of the Authority.

12.

Delegation of functions.

13.

Directives to the Authority.

14.

Grants to the Authority.

15.

Maximum amount of grants, payments and guarantees by the Authority.

16.

Provision of sites and services by the Authority.

17.

Exemption from stamp duty.

18.

Authority's power to accept gifts.

19.

Temporary borrowing.

20.

Authority's power to engage consultants and advisers.

PART III

Industrial Incentives

21.

Authority's general grant-making powers.

22.

Grants for fixed assets leased.

23.

Grants towards reduction of interest.

24.

Guarantee of loans.

25.

Employment grants to service industry.

26.

Guarantee of loans and interest subsidy for restructuring industry.

27.

Guarantee of loans and interest subsidy for enterprise development.

28.

Training grants.

29.

Research grants.

30.

Technology acquisition grants.

31.

Power to purchase shares.

32.

Grants to secure reduction of factory rents.

33.

Percentage limits on aggregate of certain grants.

34.

Total amount of grants.

35.

Government's power in regard to industrial incentives.

36.

Authority's powers to value assets, etc.

37.

Contravention of term or condition attached to grant or other payment.

PART IV

Members and Staff

38.

Remuneration etc. of members of Authority.

39.

Staff of Authority.

40.

Membership of Houses of Oireachtas or Assembly of European Communities.

41.

Superannuation of staff.

42.

Disclosure of documents.

43.

Disclosure of information.

FIRST SCHEDULE

The Industrial Development Authority

SECOND SCHEDULE

Provisions Relating to Exercise of Powers of Authority

THIRD SCHEDULE

Designated Areas

FOURTH SCHEDULE

Enactments Repealed

Acts Referred to

Acquisition of Land (Assessment of Compensation) Act, 1919

9 and 10 Geo. 5, c. 57

Companies Act, 1963

1963, No. 33

European Assembly Elections Act, 1977

1977, No. 30

European Assembly Elections Act, 1984

1984, No. 6

Industrial Development Act, 1969

1969, No. 32

Industrial Development Act, 1977

1977, No. 37

Industrial Development (No. 2) Act, 1981

1981, No. 14

Industrial Grants (Amendment) Act, 1966

1966, No. 16

Lands Clauses Consolidation Act, 1845

8 and 9 Vict., c. 18

Local Government Act, 1941

1941, No. 23

Ministers and Secretaries (Amendment) Act, 1956

1956, No. 21

Shannon Free Airport Development Company Limited Act, 1959

1959, No. 36

Shannon Free Airport Development Company Limited (Amendment) Act, 1970

1970, No. 9

Shannon Free Airport Development Company Limited (Amendment) Act, 1983

1983, No. 12

Superannuation and Pensions Act, 1963

1963, No. 24

Transport Act, 1944

1944, No. 21

Undeveloped Areas Act, 1952

1952, No. 1

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Number 9 of 1986

INDUSTRIAL DEVELOPMENT ACT, 1986

AN ACT TO CONSOLIDATE WITH AMENDMENTS THE INDUSTRIAL DEVELOPMENT AUTHORITY ACT, 1950, THE INDUSTRIAL DEVELOPMENT ACTS, 1969 TO 1981, THE UNDEVELOPED AREAS ACTS, 1952 TO 1969, AND THE INDUSTRIAL GRANTS ACTS, 1959 TO 1969, AND TO PROVIDE FOR OTHER MATTERS CONNECTED WITH THE MATTERS AFORESAID. [6th May, 1986]

BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS: