Local Loans Fund (Amendment) Act, 1987
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Waiver of sums advanced under Local Loans Fund Act, 1935. |
1.—Where any sum is, or, before the passing of this Act, has been, advanced on foot of a local loan under section 4 of the Local Loans Fund Act, 1935 , the Minister for Finance may, if it seems to him desirable so to do, direct that repayment of the whole, or such part as the Minister may specify, of— | |
(a) such sum, or | ||
(b) the balance at the time of the direction remaining unpaid, | ||
be waived together with the whole, or such part as may be so specified, of the interest on such sum then unpaid. |