11.—(1) There may be paid by the Minister to Forfás and each Agency, out of moneys provided by the Oireachtas, grants of such amounts as the Minister, with the consent of the Minister for Finance, may sanction—
(a) to enable Forfás and each Agency to meet its administration and general expenses, and
(b) to discharge its obligations and liabilities.
(2) The aggregate amount of grants made by the Minister to Forfás and the Agencies under subsection (1) (b) (other than grants to which section 14 (3) of the Act of 1986 applies) shall not exceed £750,000,000.
(3) The aggregate amount of grants made by Forfás and the Agencies and of payments made under sections 16 and 31 of the Act of 1986 or the corresponding provisions of any repealed enactment after the commencement of this section shall not exceed the aggregate limits specified in subsection (2).
