Shipping Investment Grants Act, 1987

Miscellaneous provisions regarding grants under Act.

5.—(1) A grant under this Act may be made towards approved capital expenditure which is incurred on or after the 1st day of April, 1987.

(2) A grant under this Act may be made towards approved capital expenditure in respect of a ship which is in the course of construction if it appears to the Minister that the provisions of this Act will be satisfied in relation to the ship when its construction has been completed.