National Development Corporation Act, 1986

General policy directives.

31.—(1) The Minister may, from time to time, give to the Corporation such general directives in writing as to policy and operations (other than day-to-day operations) in relation to all or any of the objects specified in the memorandum of association of the Corporation as he considers appropriate.

(2) The Minister may, from time to time, with the consent of the Minister for Finance, direct that the profits of the Corporation, in any year in which a directive is made under this section, be applied in such a manner as may be specified in the directive.

(3) The Corporation, in performing its functions, shall comply with any directive under this section.

(4) Nothing in this section shall be construed as enabling the Minister to exercise any power or control in relation to any particular investment with which the Corporation is or may be concerned.

(5) Where the Minister gives a directive, the Minister shall, within 21 days of the giving of the directive, cause a copy of the directive to be laid before each House of the Oireachtas.