Air Companies (Amendment) Act, 1993

Provision of moneys for payments under this Act out of Central Fund, etc.

16.—(1) All moneys from time to time required by the Minister for Finance to meet sums payable by that Minister in accordance with section 4 shall be paid out of the Central Fund or the growing produce thereof to a special account.

(2) Subject to subsection (3), the moneys in the special account shall only be issued out of that account by direction of the Minister for Finance.

(3) Any moneys, including interest in the special account, if any, may be paid into, or disposed of for the benefit of, the Exchequer in accordance with the directions of the Minister for Finance.

(4) In this section “special account” means an account in the joint names of the Minister for Finance and the Minister, which account shall—

(a) be an account with the Paymaster General, and

(b) be subject to such terms and conditions as the Minister for Finance, in consultation with the Minister, may determine.