Industrial Development Act, 1986

Maximum amount of grants, payments and guarantees by the Authority.

[1969, s. 17; 1975 (No. 2), s. 2; 1977, s. 5; 1981, s. 2]

15.—(1) The aggregate amount of grants made by the Authority and of payments made by it under sections 16 and 31 or the corresponding provisions of any repealed enactment, after the commencement of this section, shall not exceed the aggregate limit specified in section 14 (2).

(2) The aggregate amount of money guaranteed in respect of principal and interest by the Authority under this Act, section 37 of the Industrial Development Act, 1969 and sections 2 and 3 of the Industrial Development Act, 1977 and outstanding and of payments made by the Authority in respect of principal and interest on foot of guarantees under any of these sections shall not at any time exceed the aggregate amount specified in section 14 (3).