Electricity (Supply) (Amendment) Act, 1958

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Provision of moneys for rural electrification.

3.—(1) The Minister for Finance may, on the recommendation of the Minister for Industry and Commerce and until, but only until, the total expenditure of the Board for the electrification of rural areas amounts to the sum of thirty million pounds, advance to the Board, as and when requested by the Board so to do, one moiety of the expenditure incurred by the Board, whether before or after the passing of this Act, after the 31st day of March, 1958, for the electrification of rural areas.

(2) All moneys advanced to the Board under the foregoing subsection of this section shall be issued from and paid out of the Central Fund or the growing produce thereof.

(3) The moneys advanced to the Board under this section by the Minister for Finance shall be repaid to the Central Fund out of moneys provided by the Oireachtas at such time or times as the Minister for Finance shall direct.

(4) After the passing of this Act no further advances shall be made under section 41 of the Act of 1945.