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Electricity (Supply) (Amendment) Act, 1955

In short

This law increases the maximum spending limit for the Electricity Supply Board on rural electrification and amends previous electricity supply laws for this and other related purposes.

What it regulates

  • The total expenditure allowed for the Electricity Supply Board on rural electrification.
  • The borrowing powers of the Electricity Supply Board for rural electrification.
  • Advances of money from the Central Fund to the Electricity Supply Board for rural electrification.
  • The guarantee of securities by the Minister for Finance for money borrowed by the Board.

Who it concerns

  • The Electricity Supply Board (referred to as "the Board").
  • The Minister for Finance.

Key points

  • The total expenditure of the Board for rural electrification shall not exceed twenty-five million pounds.
  • The Minister for Finance cannot advance moneys, and the Board cannot borrow moneys for rural electrification, if it would cause the total to exceed the twenty-five million pound limit.
  • The limitation on the total amount of advances from the Central Fund for rural electrification under the Electricity (Supply) (Amendment) Act, 1945, is removed.
  • A guarantee by the Minister for Finance for money borrowed by the Board may also cover the payment of interest on those moneys.
Legal text
Legal text

Electricity (Supply) (Amendment) Act, 1955 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.

  1. 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.
  2. ie)Aistriúcháin (Tithe an Oireachtais) Foilseacháin Rialtais ar Díol Dlí AE (EUR-Lex) CCanna (Ceisteanna Coitianta) Séanadh Aiseolas Deasc chabhrach Cuardach TitleTeideal Year(
  3. s)or rangeBliain nó blianta nó raon TypeCineál All Legislation Acts Statutory Instruments Advanced SearchCuardach Casta HomeBaile ActsAchtanna 1955 Electricity (Supply) (Amendment) Act, 1955 Electricity (Supply) (Amendment) Act, 1955 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 20 of 1955. ELECTRICITY (SUPPLY) (AMENDMENT) ACT, 1955. ARRANGEMENT OF SECTIONS Section 1. Definitions. 2. Limitation on total expenditure for rural electrification. 3. Borrowing for rural electrification. 4. Advances from Central Fund. 5. Guarantee of securities. 6. Short title, collective citation and construction. Acts Referred to Electricity (Supply) (Amendment) Act, 1954 No. 17 of 1954 Electricity (Supply) (Amendment) Act, 1945 No. 12 of 1945 Number 20 of 1955. ELECTRICITY (SUPPLY) (AMENDMENT) ACT, 1955. AN ACT TO AUTHORISE AN INCREASE IN THE TOTAL EXPENDITURE OF THE ELECTRICITY SUPPLY BOARD FOR THE ELECTRIFICATION OF RURAL AREAS AND FOR THAT AND OTHER PURPOSES TO AMEND THE ELECTRICITY (SUPPLY) ACTS, 1927 TO 1954. [29th July, 1955.] BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS:— Definitions. 1.—In this Act— “the Acts” means the Electricity (Supply) Acts, 1927 to 1954; “the Board” means the Electricity Supply Board; “the Act of 1954” means the Electricity (Supply) (Amendment) Act, 1954 (No. 17 of 1954). Limitation on total expenditure for rural electrification. 2.—

(1)The total expenditure of the Board for the electrification of rural areas shall not exceed twenty-five million pounds.
(2)The Minister for Finance shall not advance moneys to the Board and the Board shall not borrow moneys from any source for the electrification of rural areas if the total of moneys so advanced or borrowed, whether before or after the passing of this Act, would thereby exceed the limitation imposed by this section. Borrowing for rural electrification. 3.—The borrowing powers conferred on the Board by section 4 of the Act of 1954 may be exercised to provide moneys for the electrification of rural areas and, accordingly, in subsection
(2)of the section, the words “other than the electrification of rural areas” are hereby repealed. Advances from Central Fund. 4.—
(1)The limitation on the total amount of advances under section 41 of the Electricity (Supply) (Amendment) Act, 1945 (No. 12 of 1945), for the electrification of rural areas, imposed by subsection
(1)of that section, is hereby removed.
(2)The total amount remaining due to the Central Fund at the passing of this Act in respect of advances already made under that section together with the total amount of moneys hereafter advanced shall be repaid by the Board.
(3)Subsection
(3)of that section and section 7 of the Act of 1954 are hereby repealed. Guarantee of securities. 5.—A guarantee of the Minister for Finance, given under section 9 of the Act of 1954, for the due repayment of moneys borrowed by the Board under section 4 of that Act may extend also to the payment of interest on such moneys. Short title, collective citation and construction. 6.—
(1)This Act may be cited as the Electricity (Supply) (Amendment) Act, 1955.
(2)The Acts and this Act may be cited together as the Electricity (Supply) Acts, 1927 to 1955.
(3)The Acts and this Act shall be construed together as one. 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.