Irish Film Board Act, 1980

Guarantees by Board regarding films made in the State.

7.—(1) The Board may guarantee the due repayment of the principal of any moneys borrowed for the making of a film wholly or partly made in the State or the repayment of interest on such moneys, or both the repayment of the principal and the payment of such interest, and may, in accordance with its general functions specified in section 4 of this Act, provide other financial guarantees in respect of the making of such a film.

(2) A guarantee under this section shall be in such form and manner and on such terms and conditions as may be specified in a general scheme governing the giving of such guarantees sanctioned by the Minister, with the consent of the Minister for Finance.

(3) Moneys required by the Board to meet sums which may become payable by the Board under a guarantee shall be paid out of the grants provided to the Board under section 5 of this Act.