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Maintenance of drainage works during first thirty-five years.
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19.—(1) The county councils shall during the thirty-five local financial years next after the 31st day of March following the date of the final award pay to the Barrow Drainage Board the annual sum of two thousand pounds in the proportions in which their several counties are respectively stated in the final award to be liable to contribute to the cost of the maintenance of the drainage works.
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(2) Every county council shall pay the proportion of the said annual sum of two thousand pounds payable by them in any of the said thirty-five local financial years by two equal moieties on the 30th day of September and the 31st day of March out of the moneys which they are by this Act required to raise by means of the drainage rate in such local financial year.
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(3) The Commissioners shall at or as soon as may be after the end of every of the said thirty-five local financial years examine into and report to the Minister for Finance as to the maintenance of the drainage works in that year, and if and whenever the Commissioners so report to the said Minister that the drainage works have been well and efficiently and economically maintained by the Barrow Drainage Board during the preceding local financial year, the said Minister shall, as soon as may be after receiving such report, pay out of moneys provided by the Oireachtas to the Barrow Drainage Board one moiety of the amount appearing on the audit of the relevant accounts to have been actually expended by the Barrow Drainage Board during such preceding local financial year in the maintenance of the drainage works.
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(4) The Barrow Drainage Board shall during the said thirty-five local financial years defray the cost of the maintenance of the drainage works out of the moneys paid to them under this section and may in any of those years expend on such cost all or such part as the Board thinks proper of such moneys for the time being in their hands whether received in such year or in any previous year and may at any time after the expiration of those years apply towards defraying the cost of the maintenance of the drainage works all or any part of those moneys then remaining uninvested in their hands.
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(5) The Barrow Drainage Board may with the consent of the Minister for Finance and shall if so required by the said Minister at any time invest in such securities as may be approved of by the said Minister any surplus of the moneys paid to them under this section for the time being in their hands and shall accumulate the income of such investments by reinvesting the same, but may at any time (whether before or after the expiration of the said thirty-five local financial years) with the consent of the said Minister and shall if so required by the said Minister realise and apply such investments or any part thereof or the income thereof towards defraying the cost of the maintenance of the drainage works.
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(6) The Barrow Drainage Board shall make such returns and furnish such information to the Commissioners as shall be required by them for the purpose of making any examination or report which they are required by this section to make.
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