Central Fund Act, 1956

Central Fund 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 Central Fund Act, 1956 Central Fund 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 12 of 1956. CENTRAL FUND ACT, 1956. ARRANGEMENT OF SECTIONS Section 1. Issue of £5,504,458 out of the Central Fund for the service of the year ending 31st March, 1956. 2. Issue of £36,200,000 out of the Central Fund for the service of the year ending 31st March, 1957. 3. Power of Minister for Finance to borrow up to £41,704,458. 4. Capital Fund. 5. Short title. Number 12 of 1956. CENTRAL FUND ACT, 1956. AN ACT TO APPLY CERTAIN SUMS OUT OF THE CENTRAL FUND TO THE SERVICE OF THE YEARS ENDING ON THE THIRTY-FIRST DAY OF MARCH ONE THOUSAND NINE HUNDRED AND FIFTY-SIX AND ONE THOUSAND NINE HUNDRED AND FIFTY-SEVEN AND TO ESTABLISH A FUND TO BE KNOWN AS THE CAPITAL FUND. [28th March, 1956.] BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS:— Issue of £5,504,458 out of the Central Fund for the service of the year ending 31st March, 1956. 1.—The Minister for Finance may issue out of the Central Fund and apply towards making good the supply granted for the service of the year ending on the thirty-first day of March one thousand nine hundred and fifty-six the sum of Five Million Five Hundred and Four Thousand Four Hundred and Fifty-eight Pounds. Issue of £36,200,000 out of the Central Fund for the service of the year ending 31st March, 1957. 2.—The Minister for Finance may issue out of the Central Fund and apply towards making good the supply granted for the service of the year ending on the thirty-first day of March one thousand nine hundred and fifty-seven, the sum of Thirty-six Million Two Hundred Thousand Pounds. Power of Minister for Finance to borrow up to £41,704,458. 3.—(1) The Minister for Finance may borrow from any person and the Bank of Ireland may advance to the Minister for Finance any sum or sums not exceeding in the whole Forty-one Million Seven Hundred and Four Thousand Four Hundred and Fifty-eight Pounds and for the purpose of such borrowing the Minister for Finance may create and issue any securities bearing such rate of interest and subject to such conditions as to repayment, redemption or otherwise as he thinks fit. (2) The principal and interest of any securities issued under this Act and the expenses incurred in connection with the issue of such securities shall be charged on the Central Fund or the growing produce thereof. (3) Any money raised by securities issued under this Act shall be placed to the credit of the account of the Exchequer and shall form part of the Central Fund and be available in any manner in which such Fund is available. Capital Fund. 4.—(1) In this section— “the Minister” means the Minister for Finance; “the Fund” means the Capital Fund established by subsection (2) of this section; “public moneys” means moneys charged on or issued out of the Central Fund or provided by the Oireachtas. (2) There is hereby established a fund which shall be known as the Capital Fund and which shall be under the control and management of the Minister. (3) There shall be charged on the Central Fund, and issued in accordance with the directions of the Minister out of the Central Fund to the Fund, such sums as the Minister may from time to time determine as the sums equivalent to the Exchequer receipts in respect of Special Import Levy. (4) The Minister may apply the Fund for any purposes for or towards the cost of which public moneys are provided and which are conducive to the development or improvement of capital resources, and any such application may be on such terms or conditions as the Minister considers proper. (5) Any repayment of capital or payment of interest made pursuant to terms or conditions referred to in subsection (4) of this section shall be credited to the Fund. (6) The Minister shall prepare in respect of each financial year an account of the payments into and out of the Fund, and the account shall be submitted to the Comptroller and Auditor General for examination and report. (7) The Minister shall lay before each House of the Oireachtas a copy of every account prepared under subsection (6) of this section and of every report of the Comptroller and Auditor General thereon. Short title. 5.—This Act may be cited as the Central Fund Act, 1956. 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. 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