Microenterprise Loan Fund Act 2012

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Number 31 of 2012

MICROENTERPRISE LOAN FUND ACT 2012

ARRANGEMENT OF SECTIONS

PART 1

Preliminary and General

Section

1. Short title and commencement.

2. Interpretation.

3. Expenses.

PART 2

Microenterprise Loan Fund

4. Microenterprise Loan Fund.

5. Grants to subsidiary.

6. Investment of moneys standing to credit of Fund.

7. Lending to microenterprises.

8. Borrowing by Social Finance Foundation.

9. Gifts.

10. Microenterprise Loan Fund scheme.

PART 3

Management of Microenterprise Loan Fund

11. Formation of company.

12. Name and share capital of subsidiary.

13. Memorandum and articles of association of subsidiary.

14. Disqualification for office of director of subsidiary.

15. Membership of either House of Oireachtas or European Parliament.

16. Disclosure of interests by directors of subsidiary.

17. Disclosure of interests by members of staff of subsidiary.

18. Disclosure of confidential information.

19. Funding of subsidiary.

20. Accounts and audit.

21. Annual report.

22. Review of operation of Act.

Acts Referred to

Number 31 of 2012

MICROENTERPRISE LOAN FUND ACT 2012

AN ACT TO FACILITATE THE LENDING OF MONEY TO MICROENTERPRISES; FOR THAT PURPOSE TO MAKE PROVISION FOR A FUND TO BE KNOWN AS THE MICROENTERPRISE LOAN FUND; TO PROVIDE FOR THE FORMATION OF A COMPANY TO MANAGE THAT FUND; AND TO PROVIDE FOR MATTERS CONNECTED THEREWITH.

[24th July, 2012]

BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS: