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Housing Finance Agency (Amendment) Act, 1988
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1988
Housing Finance Agency (Amendment) Act, 1988
Housing Finance Agency (Amendment) Act, 1988
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Number 1 of 1988
HOUSING FINANCE AGENCY (AMENDMENT) ACT, 1988
ARRANGEMENT OF SECTIONS
Section
1.
Interpretation.
2.
Amendment of section 5 of Principal Act.
3.
Amendment of section 10 of Principal Act.
4.
Amendment of section 14 of Principal Act.
5.
Short title, collective citation and construction.
Acts Referred to
Housing Act, 1966
1966, No. 21
Housing Finance Agency Act, 1981
1981, No. 37
Housing Finance Agency (Amendment) Act, 1982
1982, No. 27
Housing Finance Agency (Amendment) Act, 1985
1985, No. 20
Housing Finance Agency Acts, 1981 to 1985
Housing (Miscellaneous Provisions) Act, 1979
1979, No. 27
Number 1 of 1988
HOUSING FINANCE AGENCY (AMENDMENT) ACT, 1988
AN ACT TO AMEND AND EXTEND THE HOUSING FINANCE AGENCY ACTS, 1981 TO 1985. [8th February, 1988].
BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS:
Interpretation.
1.—In this Act—
“the Act of 1985” means the
Housing Finance Agency (Amendment) Act, 1985
;
“the Principal Act” means the
Housing Finance Agency Act, 1981
.
Amendment of section 5 of Principal Act.
2.—(1) Section 5 of the Principal Act is hereby amended by—
(a) the substitution for subsection (1) (b) of the following paragraph—
“(b) advance moneys to a housing authority to enable the authority—
(i) to make loans for the purpose of acquiring, constructing, or carrying out improvement works to, houses, and
(ii) to pay grants under
section 6
of the
Housing (Miscellaneous Provisions) Act, 1979
.”,
and
(b) the substitution for subsection (2) of the following subsection—
“(2) Where moneys are advanced to a housing authority under subsection (1) of this section for the making of loans, the authority shall use such moneys to make loans—
(a) under
section 39
of the
Housing Act, 1966
, or
(b) in accordance with such terms and conditions relating to the acquisition and construction of houses as have, from time to time, been approved of for the purposes of this section by the Minister and by the Minister for Finance, or
(c) under
section 8
of the
Housing (Miscellaneous Provisions) Act, 1979
.”.
(2) This section shall be deemed to have come into operation on the 1st day of July, 1987.
Amendment of section 10 of Principal Act.
3.—Section 10 (as amended by the
Housing Finance Agency (Amendment) Act, 1982
, and the Act of 1985) of the Principal Act is hereby amended by the substitution in subsection (3) for “£500,000,000” (inserted by the Act of 1985) of “£1,000,000,000”.
Amendment of section 14 of Principal Act.
4.—The Principal Act is hereby amended by the substitution for section 14 of the following section:
“14.—(1) The Agency, in performing its functions, shall secure that, having regard to any contribution which may be made by the Minister under subsection (2) of this section, and taking one year with another, all its costs are met from its operations.
(2) The Minister may, with the consent of the Minister for Finance, make, out of moneys provided by the Oireachtas, a contribution towards the costs of the Agency.
(3) This section shall be deemed to have come into operation on the 1st day of December, 1986.”.
Short title, collective citation and construction.
5.—(1) This Act may be cited as the Housing Finance Agency (Amendment) Act, 1988.
(2) The Housing Finance Agency Acts, 1981 to 1985, and this Act may be cited together as the Housing Finance Agency Acts, 1981 to 1988, and shall be construed together as one Act.
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