National Stud (Amendment) Act, 2000

Vesting of National Stud Farm in Company.

2.—(1) Notwithstanding section 6 of the Principal Act, the Minister may, by order, without any conveyance, transfer or assignment, vest all or part of the National Stud Farm in the Company.

(2) The Company shall not sell or lease any part of the National Stud Farm vested in it under this section without the prior consent of the Minister.

(3) The proceeds of the sale by the Company of any land vested in it under this section shall be used by the Company to achieve its principal objects or to do anything the Company considers connected or incidental to those objects (including tourism related activities).

(4) An order under this section may contain such incidental, supplementary and consequential provisions as appear to the Minister to be necessary.

(5) An order made by the Minister under this section shall be laid before each House of the Oireachtas as soon as may be after it is made and, if a resolution annulling the order is passed by either such House within the next 21 days on which that House has sat after the order is laid before it, the order shall be annulled accordingly, but without prejudice to the validity of anything previously done thereunder.