Tourist Traffic Act, 1959
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Non-repayable grants to the Board. |
2.— (1) The Minister, with the consent of the Minister for Finance, may from time to time out of moneys provided by the Oireachtas— | |
(a) pay to the Board such sums, not exceeding in the aggregate £1,000,000, as the Board may require for the purpose of the giving of grants for the development of major tourist resorts, and | ||
(b) pay to the Board such sums, not exceeding in the aggregate £500,000, as the Board may require for the purpose of the giving of grants for the development of holiday accommodation. | ||
(2) Any sums paid to the Board under paragraph (a) of subsection (1) of this section shall not be used by the Board for any purpose other than that specified in that paragraph. | ||
(3) Any sums paid to the Board under paragraph (b) of subsection (1) of this section shall not be used by the Board for any purpose other than that specified in that paragraph. | ||
(4) The Minister shall not pay to the Board any sums under subsection (1) of this section after the expiration of ten years commencing on the date of the passing of this Act. | ||
(5) Sums paid under this section to the Board shall not be repayable. | ||
(6) Sums payable under this section to the Board are in addition to sums payable to the Board under section 7 of the Tourist Traffic Act, 1955 . |