Land Bond Act, 1992

Dissolution of Guarantee Fund.

4.—(1) The Guarantee Fund established under section 5 of the Purchase of Land (Ireland) Act, 1891 , is hereby dissolved and, accordingly, that section is hereby repealed.

(2) Any sums standing to the credit of the Guarantee Fund and any sums that, but for subsection (1) of this section, would be paid into that Fund shall be paid into, or disposed of in accordance with the directions of the Minister for the benefit of, the Exchequer.

(3) This section shall come into operation on such day as the Minister by order appoints.