Air Navigation and Transport Act, 1950

Disposal of land acquired by the Minister under the Principal Act and lands described in the Second and Third Schedules.

12.—(1) In this section, the word “dispose”, in relation to land, means deal with the land in any of the following ways—

(a) sell it,

(b) lease or let it,

(c) grant a licence of it,

(d) grant (by way of lease, letting or licence) a right in respect of it,

and the word “disposal” shall be construed accordingly.

(2) (a) The Minister, with the consent, either general or particular, of the Minister for Finance, may dispose of the whole or any part of—

(i) land acquired by him (whether before or after the passing of this Act) under the Principal Act,

(ii) the lands described in the Second and Third Schedules to this Act.

(b) The power of disposal conferred by paragraph (a) of this subsection shall extend to parts of buildings.

(c) The Minister shall not, in exercise of his powers under paragraph (a) of this subsection, dispose of any State minerals within the meaning of the Minerals Development Act, 1940 (No. 31 of 1940), except sand, gravel, stone or clay which is not more than twenty feet below the surface.

(3) Any moneys received by the Minister in respect of the disposal of land under subsection (2) of this section shall be paid into or disposed of for the benefit of, the Exchequer in such manner as the Minister for Finance may direct.