|
|
Amendment of section 3 of Principal Act.
|
4.— Section 3 of the Principal Act is amended by inserting the following subsections after subsection (2):
|
|
| |
“(3) The Minister shall pay into the Fund, out of monies provided by the Oireachtas, sums the aggregate of which shall not exceed €20,000,000.
|
|
| |
(4) Payments into the Fund made pursuant to subsection (3)—
|
|
| |
(a) shall be additional to—
|
|
| |
(i) the sum referred to in subsection (1), and
|
|
| |
(ii) any payments made by the Minister under subsection (2),
|
|
| |
(b) shall not exceed €4,000,000 in any financial year, and
|
|
| |
(c) shall be lodged by the fund manager in the investment account.
|
|
| |
(5) A payment shall not be made pursuant to subsection (3) unless a sum equal to or greater than the value of that payment has been lodged in the matching funding account.”.
|
