Finance Act, 1978

Winding up of Road Fund.

50.—(1) (a) Sections 2 and 3 of the Roads Act, 1920 , are hereby repealed.

(b) Paragraph (a) of this subsection shall be deemed to have come into operation on the 1st day of January, 1978, but shall not affect the operation of subsection (5) of the said section 3 in so far as it relates to the financial year ending on the 31st day of December, 1978.

(2) (a) Subject to paragraph (b) of this subsection, payments which, but for subsection (1) of this section would fall to be made out of the Road Fund, shall be made in such manner as the Minister for Finance directs out of moneys provided by the Oireachtas.

(b) Any repayments falling to be made of any amount paid in respect of the duties imposed by the Finance (Excise Duties) (Vehicles) Act, 1952 , shall be made out of receipts of those duties in accordance with the directions of the Minister for the Environment.

(3) Moneys which, but for subsection (1) of this section, would fall to be paid into the Road Fund from the Central Fund shall be retained in the Central Fund and other moneys which, but for this subsection, would fall to be paid into the Road Fund shall be paid into the Central Fund.

(4) (a) The Minister for the Environment may by regulations make, in respect of any statute or instrument made under statute, in force at the passing of this Act and relating to any matter or thing dealt with or affected by this section, any adaptations or modifications which appear to him to be necessary to enable such statute or instrument to have effect in conformity with this section.

(b) Regulations under this section shall be laid before each House of the Oireachtas as soon as may be after they are made and, if a resolution annulling the regulations is passed by either House within the next twenty-one days on which that House has sat after the regulations are laid before it, the regulations shall be annulled accordingly but without prejudice to the validity of anything previously done thereunder.