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Capital Fund.
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4.—(1) In this section—
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“the Minister” means the Minister for Finance;
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“the Fund” means the Capital Fund established by subsection (2) of this section;
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“public moneys” means moneys charged on or issued out of the Central Fund or provided by the Oireachtas.
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(2) There is hereby established a fund which shall be known as the Capital Fund and which shall be under the control and management of the Minister.
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(3) There shall be charged on the Central Fund, and issued in accordance with the directions of the Minister out of the Central Fund to the Fund, such sums as the Minister may from time to time determine as the sums equivalent to the Exchequer receipts in respect of Special Import Levy.
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(4) The Minister may apply the Fund for any purposes for or towards the cost of which public moneys are provided and which are conducive to the development or improvement of capital resources, and any such application may be on such terms or conditions as the Minister considers proper.
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(5) Any repayment of capital or payment of interest made pursuant to terms or conditions referred to in subsection (4) of this section shall be credited to the Fund.
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(6) The Minister shall prepare in respect of each financial year an account of the payments into and out of the Fund, and the account shall be submitted to the Comptroller and Auditor General for examination and report.
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(7) The Minister shall lay before each House of the Oireachtas a copy of every account prepared under subsection (6) of this section and of every report of the Comptroller and Auditor General thereon.
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