Social Welfare (Consolidation) Act, 1981

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Payments from Fund for acquisition of land, etc.

[1950, s. 21; 1952, s. 68]

123.—(1) Payments may be made out of the Fund in respect of expenditure by the Minister on the acquisition of lands, premises, furniture or equipment or the construction or reconstruction of premises, and any such lands, premises, furniture or equipment shall be held by the Minister on behalf of the Fund.

(2) A payment shall not be made under subsection (1) save with the consent of the Minister for Finance.

(3) There shall be an investment return in respect of payments made out of the Fund under subsection (1) and such return shall be in the form of contributions to the Fund in respect of the payments made out of the Fund.

(4) The contributions to be made under subsection (3) shall be at rates to be agreed upon from time to time between the Minister and the Minister for Finance and shall be paid into the Fund out of moneys provided by the Oireachtas.

(5) The Minister may dispose of any lands, premises, furniture or equipment which he has acquired, constructed or reconstructed under this section and any moneys which he receives in respect of any such disposal shall be paid into the Fund.

(6) A disposal shall not be effected under subsection (5) save with the consent of the Minister for Finance.