Transport Act, 1974

Advances to Board by Minister for Finance for capital purposes.

3.—Subsection (1) of section 4 of the Act of 1964 is hereby amended by the substitution of “£55,000,000” for “seventeen million pounds” (inserted by the Transport Act, 1969 ), and, accordingly, that subsection shall have effect as set out in the Table to this section.


(1) The Minister for Finance may, on the recommendation of the Minister, advance from time to time to the Board such sums (not exceeding in the aggregate £55,000,000) as he thinks proper towards the cost of defraying expenditure incurred by the Board which is properly chargeable to capital.