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Amendment of section 16 of Act of 1986
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3. Section 16 of the Act of 1986 is amended—
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(a) in subsection (1)—
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(i) by the substitution of “IDA, in furtherance of its functions (whether conferred by or under this Act or any other enactment), may, subject to sections 16A, 16B and 16C” for “the Authority may”,
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(ii) by the substitution, in paragraph (h), of “authorised to do.” for “authorised to do,”, and
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(iii) by the deletion of the following:
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“if the Authority—
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(i) considers that industrial development will or is likely to occur as a result, and
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(ii) is satisfied that the undertaking conforms or will conform to the criteria set out in subsections (3) and (4) of section 21 or section 25(2).”,
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(b) by the substitution, in subsection (2), of “IDA” for “the Authority”, and
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(c) by the insertion of the following subsection after subsection (3):
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“(4) Notwithstanding subsections (1) and (2) of section 18 of the Industrial Development (Forfás Dissolution) Act 2014, and the Schedule to that Act, the functions conferred by this section shall be performable by IDA only.”.
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