Forestry Act, 1988

Grants for current expenditure.

29.—(1) During the period of four years from the vesting day, the Minister for Finance, after consultation with the Minister and following application by the company, may make available to the company annual grants not exceeding in aggregate £30 million for current expenditure.

(2) Such details of the purposes for which such grants are to be expended as may be required by the Minister or the Minister for Finance shall be made available in support of applications by the company for disbursement of funds under this section.

(3) All moneys required by the Minister for Finance under this section shall be paid out of moneys provided by the Oireachtas.