Industrial Development Act, 1981

Guarantee of loans to industrial undertakings.

5.—The following subsection is substituted for subsection (5) of section 37 of the Principal Act (inserted by the Act of 1975):

“(5) The Authority shall not, without the prior permission of the Government, give in respect of a particular industrial undertaking a guarantee under this section of repayment of principal exceeding £750,000.”.