Road Fund (Advances) Act, 1924
What is this act about?
This Act enables sums to be advanced temporarily from the Central Fund to the Road Fund and provides for their repayment. It also empowers the Minister for Finance to borrow money for those purposes.
Who it applies to: The Minister for Finance; The Road Fund and the Central Fund (public finances).
At a glance
- Country
- Ireland
- Area of law
- Environment and agriculture
- Articles
- 3
- Source
- irishstatutebook.ie
- Text retrieved
- Explanation updated
What does this act regulate?
- Temporary advances from the Central Fund to the Road Fund.
- Borrowing by the Minister for Finance to fund those advances and their repayment.
Who does this act apply to?
- The Minister for Finance.
- The Road Fund and the Central Fund (public finances).
What are the key points?
- The Minister for Finance may advance sums from the Central Fund to the Road Fund to temporarily increase it enough to meet sums charged on it before 1 April 1925.
- The total advances outstanding at any one time must not exceed seven hundred and fifty thousand pounds.
- Advances, plus interest at a rate fixed by the Minister, are charged on and payable out of the Road Fund as the Minister directs.
- The Minister may borrow money by issuing securities to provide for the advances or their repayment, and sums borrowed are paid into the Exchequer.
- Principal and interest on securities issued are charged on and payable out of the Central Fund.
- The Act may be cited as the Road Fund (Advances) Act, 1924.
Environment and agriculture
Legal text
Legal text
Road Fund (Advances) Act, 1924 Skip to content Disclaimer Feedback Helpdesk Gaeilge Léim go dtí an t-ábhar Séanadh Aiseolas Deasc chabhrach English Gaeilge English Produced by the Office of the Attorney General Táirgthe ag Oifig an Ard-Aighne Home Legislation Acts of the Oireachtas Statutory Instruments Pre-1922 Legislation Constitution External Resources Bills (Houses of the Oireachtas) Iris Oifigiúil / Official Gazette Revised Acts (LRC) Classified List of Legislation (LRC) Translations (acts.ie) Translations (Houses of the Oireachtas) Government Publications for Sale EU Law (EUR-Lex) FAQ Disclaimer Feedback Helpdesk Search Baile Reachtaíocht Achtanna an Oireachtais Ionstraimí Reachtúla Reachtaíocht Réamh-1922 Bunreacht Acmhainní Seachtracha Billí (Tithe an Oireachtais) Iris Oifigiúil Achtanna Athbhreithnithe (CAD) (An Coimisiún um Athchóiriú an Dlí) Liosta Rangaithe Reachtaíochta Aistriúcháin (achtanna.ie) Aistriúcháin (Tithe an Oireachtais) Foilseacháin Rialtais ar Díol Dlí AE (EUR-Lex) CCanna (Ceisteanna Coitianta) Séanadh Aiseolas Deasc chabhrach Cuardach TitleTeideal Year(s) or rangeBliain nó blianta nó raon TypeCineál All Legislation Acts Statutory Instruments Advanced SearchCuardach Casta HomeBaile ActsAchtanna 1924 Road Fund (Advances) Act, 1924 Road Fund (Advances) Act, 1924 Permanent Page URL View by SectionAmharc de réir Ailt View Full ActAmharc ar an Acht Iomlán Bill History Stair Bille Commencement, Amendments, SIs made under the Act Tosach Feidhme, Leasuithe, IRí arna ndéanamh faoin Acht Print Full ActPriontáil an tAcht Iomlán Number 22 of 1924.
ROAD FUND (ADVANCES) ACT, 1924.
ARRANGEMENT OF SECTIONS Section
Section 1
Advances may be made from Central Fund to Road Fund.
Section 2
Minister for Finance may borrow for purposes of this Act.
Section 3
Short title.
Number 22 of 1924.
ROAD FUND (ADVANCES) ACT, 1924.
AN ACT TO ENABLE SUMS TO BE ADVANCED TEMPORARILY OUT OF THE CENTRAL FUND TO THE ROAD FUND, AND TO MAKE PROVISION FOR THE REPAYMENT OF SUCH SUMS TO THE CENTRAL FUND. [28th June, 1924.] BE IT ENACTED BY THE OIREACHTAS OF SAORSTÁT EIREANN AS FOLLOWS:— Advances may be made from Central Fund to Road Fund.
1.—(1) The Minister for Finance may, subject to the limitation hereinafter imposed, advance out of the Central Fund or the growing produce thereof to the Road Fund such sums as may be from time to time required for the purpose of temporarily increasing the Road Fund to the extent necessary to enable the Road Fund to meet all sums which are now or may at any time before the 1st day of April, 1925, be charged thereon and payable thereout.
Minister for Finance may borrow for purposes of this Act.
2.—(1) The Minister for Finance may, for the purpose of providing for the issue of sums out of the Central Fund under the foregoing section, or for the re-payment to that Fund of all or any part of the sums so issued, or for paying off any securities issued under this section so far as such payment is not otherwise provided for, borrow money by means of the issue of such securities as he thinks proper, and all sums so borrowed shall be paid into the Exchequer.
Short title.
3.—This Act may be cited as the Road Fund (Advances) Act, 1924.
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