1. HomeBaile
  2. ActsAchtanna
  3. 1987
  4. Transport Act, 1987

Transport Act, 1987
  • Permanent Page URL

Discharge of Board's liability to repay certain advances and to pay interest.

2.—(1) Advances totalling £44,458,691 made to the Board by the Minister for Finance under section 4 (1) of the Act of 1964 shall, notwithstanding any determination under section 4 (2) of that Act by the Minister for Finance of terms requiring the repayment of such advances, not be repayable by the Board.

(2) Notwithstanding any terms as to the payment of interest determined by the Minister for Finance under section 4 (2) of the Act of 1964, no interest shall be payable by the Board in respect of the advances referred to in subsection (1) of this section for any period after the commencement of this Act.