Shipping Investment Grants Act, 1969

• Permanent Page URL

Grants towards capital expenditure incurred in providing ships, etc.

2.—(1) The Minister may, subject to this Act and to such conditions as may be imposed by the Minister after consultation with the Minister for Finance, make to a person carrying on or proposing to carry on a business in the State a grant towards approved capital expenditure incurred in providing, for use for the purposes of that business, a new ship or a new part or equipment for a ship, or in converting a ship for such use.

(2) The reference in subsection (1) to providing a ship does not include a reference to providing it by chartering it from another person.

(3) Grants under this Act shall be paid out of moneys provided by the Oireachtas.