Electricity (Supply) (Amendment) Act, 1965

In short

This law amends and extends existing Electricity (Supply) Acts, primarily by adjusting financial limits for the Electricity Supply Board's general and rural electrification expenditures, and clarifying how foreign currency is treated for these financial limits.

What it regulates

The total amount of money the Electricity Supply Board can spend for general purposes.
How foreign currency borrowings are calculated against expenditure limits.
The total amount of money the Minister for Finance can advance to the Board for rural electrification.
Provisions for superannuation schemes regarding dispute resolution.

Who it concerns

The Electricity Supply Board (the Board).
The Minister for Finance.
Individuals claiming benefits from superannuation schemes.

Key points

The total expenditure of the Board for general purposes (excluding rural electrification) shall not exceed two hundred and twenty-five million pounds.
Moneys borrowed in a currency other than the currency of the State are deemed to be the equivalent in the currency of the State, calculated at the exchange rate at the time of borrowing.
The maximum amount for rural electrification advances from the Minister for Finance is increased to forty-two million pounds.
Superannuation schemes may include machinery for settling disputes regarding claims or amounts of benefits.

Legal text

Electricity (Supply) (Amendment) Act, 1965 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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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 1965 Electricity (Supply) (Amendment) Act, 1965 Electricity (Supply) (Amendment) Act, 1965 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 15 of 1965. ELECTRICITY (SUPPLY) (AMENDMENT) ACT, 1965 ARRANGEMENT OF SECTIONS Section 1. Definitions. 2. Increase of total expenditure for general purposes. 3. Limitation on total expenditure for general purposes. 4. Borrowing powers for general purposes. 5. Amendment of section 3 of Act of 1954. 6. Amendment of sections 2 and 3 of Electricity (Supply) (Amendment) Act, 1958. 7. Amendment of section 16 of Electricity (Supply) (Amendment) Act, 1961. 8. Amendment of section 5 of Act of 1962. 9. Short title and collective citation. Acts Referred to Electricity (Supply) (Amendment) Act, 1954 1954, No. 17 Electricity (Supply) (Amendment) Act, 1962 1962, No. 24 Electricity (Supply) (Amendment) Act, 1958 1958, No. 35 Electricity (Supply) (Amendment) Act, 1961 1961, No. 2 Number 15 of 1965. ELECTRICITY (SUPPLY) (AMENDMENT) ACT, 1965 AN ACT TO AMEND AND EXTEND THE ELECTRICITY (SUPPLY) ACTS, 1927 TO 1963. [13th July, 1965.] BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS :— Definitions. 1.—In this Act— “the Act of 1954” means the Electricity (Supply) (Amendment) Act, 1954 ; “the Act of 1962” means the Electricity (Supply) (Amendment) Act, 1962 ; “the Board” means the Electricity Supply Board. Increase of total expenditure for general purposes. 2.—The total expenditure of the Board for general purposes, that is to say, for capital purposes other than the electrification of rural areas, shall not exceed two hundred and twenty-five million pounds and, accordingly, subsection

(1)of section 2 of the Act of 1954 shall be construed as if that sum were substituted for the sum mentioned therein. Limitation on total expenditure for general purposes. 3.—

(1)For the purposes of subsections

(2)and

(3)of section 2 of the Act of 1954, moneys borrowed by the Board in a currency other than the currency of the State shall be deemed to be the equivalent in the currency of the State of the actual moneys borrowed, such equivalent being calculated according to the rate of exchange at the time of the borrowing of the moneys.

(2)Where— (a) the equivalent in currency of the State of other currency is being calculated for the purposes of subsection

(1)of this section, and (b) the currencies having, at the time specified in that subsection, par values established under the Articles of Agreement of the International Monetary Fund include the currency of the State and the other currency, the reference in that subsection to the rate of exchange at that time shall be taken as referring to the rate of exchange based on those values. Borrowing powers for general purposes. 4.—For the purposes of subsection

(1)of section 4 of the Act of 1954 “money” shall be deemed to include and always to have included money in a currency other than the currency of the State. Amendment of section 3 of Act of 1954. 5.—Section 3 of the Act of 1954 is hereby amended by the insertion in subsection

(1)after “such sums” of “(including sums in a currency other than the currency of the State)”. Amendment of sections 2 and 3 of Electricity (Supply) (Amendment) Act,

6.— Sections 2 and 3 of the Electricity (Supply) (Amendment) Act, 1958 , are hereby amended by the substitution of “forty-two million” for “thirty-seven million” (inserted by the Act of 1962) in each of those sections. Amendment of section 16 of Electricity (Supply) (Amendment) Act,
7.— Section 16 of the Electricity (Supply) (Amendment) Act, 1961 , is hereby amended by the insertion after subsection

(4)of the following subsection: “(4A) A superannuation scheme may provide for the machinery for settling any dispute that may arise as to the claim of any person to, or the amount of, any benefit payable in pursuance of such scheme.” Amendment of section 5 of Act of 1962. 8.—Section 5 of the Act of 1962 is hereby amended by the substitution of the following subsection for subsection

(1): “

(1)Subject to subsection

(2)of this section, the Minister for Finance may, on the recommendation of the Minister, and until, but only until, the time when the total expenditure of the Board for the electrification of rural areas amounts to the sum of forty-two million pounds, advance to the Board, as and when requested by the Board to do so, three-quarters of the capital expenditure incurred by the Board, whether before or after the passing of this Act, after the 17th day of April, 1962, in connecting premises to systems of distribution for electricity in rural areas to which a supply of electricity has previously been extended, and three-quarters of the capital expenditure incurred by the Board, whether before or after the passing of this Act, after the said 17th day of April, 1962, in improving systems of distribution for electricity in rural areas to which a supply of electricity has previously been extended.” Short title and collective citation. 9.—

(1)This Act may be cited as the Electricity (Supply) (Amendment) Act, 1965.

(2)The Electricity (Supply) Acts, 1927 to 1963, and this Act may be cited together as the Electricity (Supply) Acts, 1927 to 1965. 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

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