Communications Regulation and Digital Hub Development Agency (Amendment) Act 2023
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PART 11 Amendment to Postal and Telecommunications Services Act 1983 | ||
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Financing for the purposes of maintaining post office network and countering consequences of Brexit | ||
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136. The Postal and Telecommunications Services Act 1983 is amended by the insertion of the following section after section 29: | ||
“29A. (1) The Minister may, out of such monies as are available to him or her from monies provided by the Oireachtas, with the consent of the Minister for Public Expenditure, National Development Plan Delivery and Reform, make available to the postal company a sum not exceeding €30,000,000 for the purposes of maintaining a network of post offices. | ||
(2) The Minister may, out of such monies as are available to him or her from the Brexit Adjustment Reserve established under Regulation (EU) 2021/1755 of the European Parliament and of the Council of 6 October 202110 , with the consent of the Minister for Public Expenditure, National Development Plan Delivery and Reform, make available to the postal company a sum not exceeding €25,000,000 for the purposes of providing support to the postal company to counter the adverse economic and social consequences of the withdrawal of the United Kingdom from the European Union. | ||
(3) Any amounts made available to the postal company under subsection (1) or (2) shall be provided in such form and manner and on such terms and conditions as may be agreed between the Minister and the company with the consent of the Minister for Public Expenditure, National Development Plan Delivery and Reform.”. | ||