Electricity (Finance) Act, 1929

In short

This law amends previous acts related to electricity, specifically concerning financial provisions for electricity projects and supply. It adjusts the financial obligations and limits set out in the Shannon Electricity Act, 1925, and the Electricity (Supply) Act, 1927.

What it regulates

Amendments to financial limits for advances under the Shannon Electricity Act, 1925.
Adjustments to the total amount of sums advanced to the Electricity Supply Board for interest and operational expenses.
Relief from repayment liability for certain expenditures on navigation improvement.
Clarification on what constitutes "the said advances" in relation to repayment obligations.

Who it concerns

The Minister for Finance.
The Electricity Supply Board.

Key points

The maximum amount for advances expended on navigation improvement, for which there is an exception, is one hundred and thirty-two thousand, four hundred and fifty pounds.
The total amount for advances under section 11 of the Shannon Electricity Act, 1925, is increased to five millions, eight hundred and thirty-five thousand pounds.
The total amount of sums advanced to the Board for interest and operational expenses shall not exceed one hundred and fifty-six thousand pounds.
The Electricity Supply Board is not liable to repay up to one hundred and thirty-two thousand, four hundred and fifty pounds of sums advanced for navigation improvement.

Legal text

Electricity (Finance) Act, 1929 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 1929 Electricity (Finance) Act, 1929 Electricity (Finance) Act, 1929 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 26 of 1929. ELECTRICITY (FINANCE) ACT, 1929. ARRANGEMENT OF SECTIONS Section 1. Amendment of section 11 of the Shannon Electricity Act, 1925. 2. Amendment of section 12 of the Electricity (Supply) Act, 1927. 3. Amendment of section 15 of the Electricity (Supply) Act, 1927. 4. Short title. Acts Referred to Shannon Electricity Act, 1925 No. 26 of 1925 Electricity (Supply) Act, 1927 No. 27 of 1927 Number 26 of 1929. ELECTRICITY (FINANCE) ACT, 1929. AN ACT TO AMEND SUB-SECTIONS

(4)AND

(5)OF SECTION 11 OF THE SHANNON ELECTRICITY ACT, 1925 , AND SECTIONS 12 AND 15 OF THE ELECTRICITY (SUPPLY) ACT, 1927 . [24th July, 1929.] BE IT ENACTED BY THE OIREACHTAS OF SAORSTÁT EIREANN AS FOLLOWS:— Amendment of section 11 of the Shannon Electricity Act, 1925. 1.—

(1)Sub-section

(4)of section 11 of the Shannon Electricity Act, 1925 (No. 26 of 1925), is hereby amended by the insertion at the end of the said sub-section of the words”except on so much of such advances (but not exceeding the sum of one hundred and thirty-two thousand, four hundred and fifty pounds) as is expended on the improvement of navigation under the powers in that behalf conferred on the Minister by this Act.”

(2)Sub-section

(5)of section 11 of the Shannon Electricity Act, 1925 , is hereby amended by the deletion of the words “five millions, two hundred and ten thousand pounds” now contained therein and the insertion in lieu of the words so deleted of the words “five millions, eight hundred and thirty-five thousand pounds.” Amendment of section 12 of the Electricity (Supply) Act, 1927. 2.— Section 12 of the Electricity (Supply) Act, 1927 (No. 27 of 1927), shall be construed and have effect as if the following sub-section were inserted therein in lieu of sub-section

(2)now contained therein, that is to say:— “

(2)The total amount of the sums advanced to the Board under this section to meet the liability of the Board under this Act in respect of interest and arrears of interest on sums advanced out of the Central Fund under the Shannon Electricity Act, 1925 (No. 26 of 1925), to the separate fund established under section 11 of that Act and the expenses incurred by the Board in the operation, maintenance, and repair of the Shannon works under this Act shall not exceed the sum of one hundred and fifty-six thousand pounds.” Amendment of section 15 of the Electricity (Supply) Act, 1927. 3.—

(1)Notwithstanding anything contained in section 15 of the Electricity (Supply) Act, 1927 (No. 27 of 1927), the Electricity Supply Board shall not be under any liability to repay to the Minister for Finance so much (not exceeding the sum of one hundred and thirty-two thousand, four hundred and fifty pounds) of the sums advanced at any time out of the Central Fund under the Shannon Electricity Act, 1925 (No. 26 of 1925), to the separate fund established under section 11 of that Act as is expended on the improvement of navigation under the powers in that behalf conferred on the Minister for Industry and Commerce by the last-mentioned Act or to pay interest to the Minister for Finance on so much as aforesaid of the said sums so advanced.

(2)The expression “the said advances” where the same occurs in section 15 of the Electricity (Supply) Act, 1927 , shall be construed as not including any sums for the repayment of which the Electricity Supply Board is relieved of liability by this section. Short title. 4.—This Act may be cited as the Electricity (Finance) Act, 1929. 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.