1. HomeBaile
  2. ActsAchtanna
  3. 1927
  4. Telephone Capital Act, 1927

Telephone Capital Act, 1927

Minister for Finance may borrow for purposes of this Act.

2.—(1) For the purpose of providing money for the sums by this Act authorised to be issued out of the Central Fund or of providing money for the repayment to the Central Fund of all or any sums issued thereout under the authority of this Act, the Minister for Finance may borrow by means of terminable annuities extending over a period not exceeding twenty years.

(2) All moneys borrowed under this section shall be paid into the Exchequer.

(3) All terminable annuities created under this section shall be paid out of moneys provided by the Oireachtas and, if those moneys are insufficient, shall be charged on and payable out of the Central Fund or the growing produce thereof.