Future Ireland Fund and Infrastructure, Climate and Nature Fund Act 2024
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Number 16 of 2024 | ||
FUTURE IRELAND FUND AND INFRASTRUCTURE, CLIMATE AND NATURE FUND ACT 2024 | ||
CONTENTS | ||
Preliminary and General | ||
Section | ||
Future Ireland Fund | ||
5. Establishment, purpose, control and management of FI Fund | ||
9. Payments into FI Fund where deterioration in economic or fiscal position of State | ||
10. Report by Agency to Minister on proposed payments from FI Fund to Exchequer | ||
Infrastructure, Climate and Nature Fund | ||
14. Establishment, purpose, control and management of ICN Fund | ||
19. Payments from ICN Fund to Exchequer where deterioration in economic or fiscal position of State | ||
23. Review of operation, effectiveness and impact of ICN Fund | ||
Deterioration in Economic or Fiscal Position of State | ||
Management of Funds and Expenses | ||
32. Report and information to Minister relating to operation of relevant Funds | ||
Miscellaneous | ||
35. Dissolution of National Surplus (Exceptional Contingencies) Reserve Fund | ||
37. Amendments to miscellaneous enactments relating to taxation | ||
Amendments of Acts | ||
Amendment of Taxes Consolidation Act 1997 | ||
Amendment of Stamp Duties Consolidation Act 1999 | ||
Amendment of Return of Payments (Insurance Undertakings) Regulations 2011 (S.I. No. 641 of 2011) | ||
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Acts Referred to | ||
Companies Act 2014 (No. 38) | ||
Fiscal Responsibility Act 2012 (No. 39) | ||
National Surplus (Reserve Fund for Exceptional Contingencies) Act 2019 (No. 18) | ||
National Treasury Management Agency (Amendment) Act 2000 (No. 39) | ||
National Treasury Management Agency (Amendment) Act 2014 (No. 23) | ||
Stamp Duties Consolidation Act 1999 (No. 31) | ||
Taxes Consolidation Act 1997 (No. 39) | ||
Wildlife (Amendment) Act 2000 (No. 38) | ||
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Number 16 of 2024 | ||
FUTURE IRELAND FUND AND INFRASTRUCTURE, CLIMATE AND NATURE FUND ACT 2024 | ||
An Act to provide for the establishment of a fund to be known as the Future Ireland Fund for the purpose of supporting, in a consistent and sustainable manner, State expenditure in any year from 2041; to provide for the establishment of a fund to be known as the Infrastructure, Climate and Nature Fund for the purpose of supporting State expenditure, in 2026 or any year thereafter, in the event of a significant deterioration, or likely such deterioration, in the economic or fiscal position of the State and for the purpose of supporting State expenditure, between 2026 and 2030, on certain environmental projects; to provide for the control and management of those funds by the National Treasury Management Agency; to provide for the transfer of certain assets to those funds; to provide for the dissolution of the National Surplus (Exceptional Contingencies) Reserve Fund and the transfer of the assets of that fund to the Future Ireland Fund and the Infrastructure, Climate and Nature Fund; for those and other purposes to amend the National Treasury Management Agency Act 1990 , the National Treasury Management Agency (Amendment) Act 2014 and certain other enactments and to repeal the National Surplus (Reserve Fund for Exceptional Contingencies) Act 2019 ; and to provide for related matters. | ||
[18th June, 2024] | ||
Be it enacted by the Oireachtas as follows: |
