Industrial Development Act, 1981

Guarantee of loans for industrial restructuring.

6.—The following subsection is substituted for subsection (2) of section 2 of the Act of 1977:

“(2) The Authority shall not, without the prior permission of the Government, give a guarantee in respect of moneys borrowed in connection with an acquisition or amalgamation referred to in subsection (1) of this section where the aggregate amount of the principal of any moneys the subject of the guarantee exceeds £750,000.”.