Fisheries (Amendment) Act, 1999

Waiver of payment by An Bord Iascaigh Mhara of interest on waived advances.

29.—(1) On the recommendation of the Minister, the Minister for Finance may waive the payment by An Bord Iascaigh Mhara of interest unpaid on advances under section 20 (1) of the Sea Fisheries Act, 1952 , interest on interest so unpaid as provided for under section 20(2) of that Act and interest on unpaid advances as provided for under section 21(3) of that Act.

(2) An amount equal to the amount of interest, payment of which is waived under this section, shall be paid to the Minister for Finance out of moneys provided by the Oireachtas.

(3) Where any payment is made under this section to the Minister for Finance, it shall be paid into the Exchequer.