S.I. No. 922/2005 - Dormant Accounts (Amendment) Act 2005 (Establishment Day) Order 2006
I, ÉAMON Ó CUÍV, Minister for Community, Rural and Gaeltacht Affairs, in exercise of the power conferred on me by section 2 of the Dormant Accounts (Amendment) Act 2005 (No. 8 of 2005), hereby order as follows: | ||||||
Citation. | 1. This Order may be cited as the Dormant Accounts (Amendment) Act 2005 (Establishment Day) Order 2006. | |||||
Establishment day. | 2. The 4th day of January, 2006 is appointed to be the establishment day for the purposes of the Dormant Accounts (Amendment) Act 2005 (No. 8 of 2005). | |||||
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EXPLANATORY NOTE | ||||||
(This note is not part of the Instrument and does not purport to be a legal interpretation.) | ||||||
The Dormant Accounts (Amendment) Act 2005 provides for changes in relation to decision-making on disbursements from the Dormant Accounts Fund and for the establishment of a reconstituted Board (the Dormant Accounts Board). | ||||||
This Order provides that the Dormant Accounts Board is established on 4th day of January, 2006 as per the provisions of Section 30 of the Dormant Accounts (Amendment) Act 2005 . | ||||||
The functions of the Dormant Accounts Board are to prepare a Disbursement Plan for the disbursement of moneys from the Dormant Accounts Fund and to review and assess the impact and additionality of spending from the Dormant Accounts Fund. |