Industrial Grants Act, 1956

Industrial Grants Act, 1956 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 1956 Industrial Grants Act, 1956 Industrial Grants Act, 1956 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 48 of 1956. INDUSTRIAL GRANTS ACT, 1956. ARRANGEMENT OF SECTIONS Section 1. Definitions. 2. Grants for industry. 3. Grants to Authority. 4. Supplementary provisions. 5. Expenses of Minister. 6. Short title. SCHEDULE. Supplementary Provisions. Acts Referred to Undeveloped Areas Act, 1952 No. 1 of 1952 Industrial Development Authority Act, 1950 No. 29 of 1950 Number 48 of 1956. INDUSTRIAL GRANTS ACT, 1956. AN ACT TO PROVIDE FOR THE MAKING OF GRANTS IN AID OF INDUSTRIAL DEVELOPMENT IN AREAS OTHER THAN AREAS TO WHICH THE UNDEVELOPED AREAS ACT, 1952 , APPLIES, AND TO PROVIDE FOR OTHER MATTERS CONNECTED WITH THE MATTERS AFORESAID. [27th December, 1956.] BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS:— Definitions. 1.—In this Act— “the Authority” means the Industrial Development Authority; “the Minister” means the Minister for Industry and Commerce. Grants for industry. 2.—(1) Whenever the Authority are of opinion that the manufacture of a particular commodity to a substantial extent in the State would be in the interests of the national economy and would be likely— (a) to provide employment on a substantial scale, or (b) to make available in the State substantial quantities of the commodity, or (c) to provide an opportunity for developing an export trade, the Authority, if satisfied that financial assistance is necessary to ensure the establishment of an industrial undertaking to manufacture the commodity to a substantial extent and that the undertaking will be of a reasonably permanent nature and will be carried on efficiently, may, on such terms as they think proper, make grants towards the cost of the acquisition, construction and adaptation of the buildings and other works required for the purpose of the undertaking. (2) The total amount so granted shall not in the case of any undertaking exceed two-thirds of such cost or the sum of fifty thousand pounds, whichever is the lesser amount. (3) The Authority, in considering applications for grants under this section, shall have regard to the extent to which the requirements of the public in respect of the commodities to be manufactured are sufficiently met by undertakings already established. (4) Grants shall not be made under this section in respect of the establishment of undertakings in an area to which the Undeveloped Areas Act, 1952 (No. 1 of 1952), applies. (5) No grant shall be sanctioned by the Authority after the 31st day of December, 1963. Grants to Authority. 3.—(1) The Minister, with the consent of the Minister for Finance, may, out of moneys provided by the Oireachtas, make grants to the Authority to enable them to perform their functions under this Act. (2) The aggregate amount of grants under this section shall not exceed two million pounds. Supplementary Provisions. 4.—The provisions of the Schedule shall apply to the Authority for the purposes of this Act. Expenses of Minister. 5.—The expenses incurred by the Minister in carrying this Act into execution shall, to such extent as may be sanctioned by the Minister for Finance, be paid out of moneys provided by the Oireachtas. Short title. 6.—This Act may be cited as the Industrial Grants Act, 1956. SCHEDULE. Supplementary Provisions. Section 4 . Act of 1950. 1. In this Schedule “the Act of 1950” means the Industrial Development Authority Act, 1950 (No. 29 of 1950). Incorporation. 2. The Authority shall be a body corporate with perpetual succession and a common seal and power to sue and be sued by their statutory title. Common seal. 3. (1) The common seal of the Authority shall, when applied to a document, be attested by the signature of two members. (2) All courts of justice shall take judicial notice of the common seal of the Authority and every document purporting to be an instrument made by the Authority and to be sealed with the common seal and to be attested in accordance with this paragraph shall, unless the contrary is shown, be received in evidence and be deemed to be such instrument without further proof. Contracts and instruments not under seal. 4. Any contract or instrument which, if entered into or executed by an individual, would not require to be under seal may be entered into or executed on behalf of the Authority by any person generally or specially authorised by the Authority for that purpose. Application of Act of 1950. 5. The provisions of the Act of 1950, except section 5 (which relates to the summoning of witnesses), shall apply in relation to the functions of the Authority under this Act. Separate Accounts. 6. The accounts which the Authority are required by the Act of 1950 to keep shall include separate accounts of moneys received and expended by them under this Act. Annual Report. 7. The Authority shall submit in such form as the Minister may direct an annual report of their activities and the Minister shall cause copies of the report to be laid before each House of the Oireachtas. Returns. 8. The Authority shall submit to the Minister such information regarding their activities as he may from time to time require. 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