Scientific and Technological Education (Investment) Fund Act, 1997

Payments into the Fund.

3.—(1) The Minister shall pay into the Fund—

(a) in the financial year, 1998, out of moneys provided by the Oireachtas, the sum of £100,000,000,

and

(b) in the financial years, 1999 and 2000, out of moneys provided by the Oireachtas, such sums as the Minister, with the consent of the Minister for Finance, shall determine and the sums so determined shall amount in aggregate to £150,000,000.

(2) Moneys required by subsection (1) to be paid into the Fund shall be paid into the account of the Fund referred to in section 2 (2)(a).

(3) The Minister shall pay into the Fund—

(a) the amount of any gift of moneys accepted by him or her under section 7 ,

(b) the proceeds of the sale or other such disposal of any gift of land or other property accepted by him or her under section 7 which is sold or otherwise disposed of under that section.

(4) Moneys required by subsection (3) to be paid into the Fund shall be paid into the investment account.