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Shannon Free Airport Development Company Limited (Amendment) Act, 1963

In short

This law amends previous acts concerning the Shannon Free Airport Development Company Limited, primarily by increasing financial limits for the company and detailing provisions for funding housing and community services at the airport's industrial estate.

What it regulates

  • The maximum amount the Minister for Finance can subscribe in shares for the Company.
  • The aggregate amount of grants that can be made to the Company.
  • Advances from the Central Fund to the Company for houses and community services.
  • Payments and grants to the Company for providing houses.

Who it concerns

  • The Shannon Free Airport Development Company Limited.
  • The Minister for Finance and the Minister for Transport and Power.

Key points

  • The aggregate amount the Minister for Finance may subscribe in shares for the Company is increased to four million pounds.
  • The aggregate amount of grants to the Company under section 8 of the Principal Act shall not exceed two million pounds.
  • The Minister for Finance may make advances to the Company for houses and community services, with the aggregate not exceeding two million pounds.
  • The Minister may pay grants to the Company for each house provided as part of a scheme for the industrial estate, potentially including grants under the Housing (Loans and Grants) Act, 1962.
Legal text
Legal text

Shannon Free Airport Development Company Limited (Amendment) Act, 1963 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.

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  3. s)or rangeBliain nó blianta nó raon TypeCineál All Legislation Acts Statutory Instruments Advanced SearchCuardach Casta HomeBaile ActsAchtanna 1963 Shannon Free Airport Development Company Limited (Amendment) Act, 1963 Shannon Free Airport Development Company Limited (Amendment) Act, 1963 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 27 of 1963. SHANNON FREE AIRPORT DEVELOPMENT COMPANY LIMITED (AMENDMENT) ACT, 1963. ARRANGEMENT OF SECTIONS Section 1. Interpretation. 2. Amendment of section 2 of the Principal Act. 3. Amendment of 8 of the Principal Act. 4. Advances to the Company by Minister for Finance. 5. Payments in respect of houses provided by the Company. 6. Provision of moneys for advances out of the Central Fund. 7. Short title and collective citation. Acts Referred to Shannon Free Airport Development Company Limited (Amendment) Act, 1961 1961, No 31 Shannon Free Airport Development Company Limited Act, 1959 1959, No. 36 Housing (Loans and Grants) Act, 1962 1962, No. 27 Number 27 of 1963. SHANNON FREE AIRPORT DEVELOPMENT COMPANY LIMITED (AMENDMENT) ACT, 1963. AN ACT TO AMEND AND EXTEND THE SHANNON FREE AIRPORT DEVELOPMENT COMPANY LIMITED ACTS, 1959 AND 1961. [3rd August, 1963.] BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS: Interpretation. 1.—

(1)In this Act— “the Act of 1961” means the Shannon Free Airport Development Company Limited (Amendment) Act, 1961 ; “the airport” has the meaning assigned to it by the Principal Act; “the Company” means the Shannon Free Airport Development Company Limited; “house” includes any part of a building suitable for occupation as a dwelling; “the Minister” means the Minister for Transport and Power; “the Principal Act” means the Shannon Free Airport Development Company Limited Act, 1959 .
(2)The Shannon Free Airport Development Company Limited Acts, 1959 and 1961, and this Act shall be construed as one. Amendment of section 2 of the Principal Act. 2.—So much of section 2 of the Principal Act, as amended by section 2 of the Act of 1961, as provides that the aggregate of the amounts which the Minister for Finance may subscribe under that section in taking up shares of the Company shall not exceed three million pounds is hereby repealed, and in lieu thereof, it is hereby enacted that the aggregate of the amounts so subscribed shall not exceed four million pounds. Amendment of section 8 of the Principal Act. 3.—Section 3 of the Act of 1961 is hereby repealed, and in lieu thereof, it is hereby enacted that the aggregate amount of grants to be made to the Company under section 8 of the Principal Act shall not exceed two million pounds. Advances to the Company by Minister for Finance. 4.—
(1)The Minister for Finance may from time to time, subject to the provisions of this section, make advances to the Company out of the Central Fund or the growing produce thereof to meet expenditure incurred by the Company (whether before or after the passing of this Act) in relation to the provision of houses and community services for the purposes of the industrial estate at the airport.
(2)The aggregate amount of advances under subsection
(1)of this section and advances under section 4 of the Act of 1961 shall not exceed two million pounds.
(3)For the purposes of this section, the amount of the expenditure of the Company in relation to the provision of houses and community services shall be reduced by the amount of any grants received by the Company under subsection
(2)of section 5 of this Act or the Housing (Financial and Miscellaneous) Acts, 1932 to 1962, in relation to the provision of houses.
(4)Advances under subsection
(1)of this section shall be made on such terms as to repayment, interest and other matters as may be determined by the Minister for Finance.
(5)All sums paid by the Company in repayment of an advance under subsection
(1)of this section or in pursuance of any term or condition subject to which an advance was made under the section shall be paid into or disposed of for the benefit of the Exchequer. Payments in respect of houses provided by the Company. 5.—
(1)The Minister may, in any year, if he considers it necessary to do so, with the consent of the Minister for Finance, pay to the Company, out of moneys provided by the Oireachtas, a grant of such amount as the Minister, with the consent of the Minister for Finance may from time to time determine in respect of each house provided by the Company as part of a scheme for the provision of houses and community services for the purposes of the industrial estate at the airport.
(2)Where, in the case of a house provided by the Company, a grant would be payable under section 2 of the Housing (Loans and Grants) Act, 1962 , in respect of the house to a person or public utility society if the house were provided by the person or public utility society, the Minister may, subject to the provisions of that Act and with the consent of the Minister for Finance and the Minister for Local Government, pay to the Company, out of moneys provided by the Oireachtas, a grant not exceeding the amount of the grant which would be payable in the circumstances aforesaid under the said section 2.
(3)A grant under subsections
(1)and
(2)of this section may be paid in respect of the same house. Provision of moneys for advances out of the Central Fund. 6.—Subsections
(2)and
(3)of section 3 of the Principal Act shall apply to the provision of moneys for the sums advanced out of the Central Fund under section 4 of this Act as they apply to the provision of moneys for the sums advanced out of the Central Fund under subsection
(1)of the said section 3 of the Principal Act. Short title and collective citation. 7.—
(1)This Act may be cited as the Shannon Free Airport Development Company Limited (Amendment) Act, 1963.
(2)The Shannon Free Airport Development Company Limited Acts, 1959 and 1961, and this Act may be cited together as the Shannon Free Airport Development Company Limited Acts, 1959 to 1963. Privacy Statement Accessibility European Legislation Identifier (PDF) Open Data License Ráiteas Príobháideachais Inrochtaineacht Aitheantóir Eorpach Reachtaíochta (ELI) Ceadúnas Sonraí Oscailte Liosta Fianán © Government of Ireland. Oireachtas Copyright Material is reproduced with the permission of the Houses of the Oireachtas © Rialtas na hÉireann. Atáirgtear ábhar faoi Chóipcheart le cead ó Thithe an Oireachtais

AI explanation based on the official legal text. Indicative, not a substitute for legal advice.