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Nitrigin Eireann Teoranta Act, 1977

In short

This law amends and extends previous Nitrigin Eireann Teoranta Acts from 1963 to 1975, primarily by increasing the limit on government guarantees for the company's borrowings and regulating staff remuneration and superannuation.

What it regulates

Who it concerns

Key points

📄 Legal text
Nitrigin Eireann Teoranta Act, 1977 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 1977 Nitrigin Eireann Teoranta Act, 1977 Nitrigin Eireann Teoranta Act, 1977 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 35 of 1977 NITRIGIN EIREANN TEORANTA ACT, 1977 ARRANGEMENT OF SECTIONS Section 1. Definitions. 2. Guarantee by Minister of borrowings by Company. 3. Extension of guarantees by Minister. 4. Remuneration etc. of chief officer of Company. 5. Superannuation of staff of Company. 6. Short title and collective citation. Acts Referred to Nítrigin Éireann Teoranta Act, 1963 1963, No. 2 Nítrigin Éireann Teoranta Act, 1970 1970, No. 4 Nítrigin Éireann Teoranta Act, 1975 1975, No. 24 Number 35 of 1977 NITRIGIN EIREANN TEORANTA ACT, 1977 AN ACT TO AMEND AND EXTEND THE NITRIGIN EIREANN TEORANTA ACTS, 1963 TO 1975. [20th December, 1977] BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS: Definitions. 1.—In this Act— “the Company” and “the Minister” have the same meanings as in the Principal Act; “the Principal Act” means the Nítrigin Éireann Teoranta Act, 1963 . Guarantee by Minister of borrowings by Company. 2.—The Minister shall not so exercise the powers conferred by section 7 (1) of the Principal Act that the amount or the aggregate amount of principal which he may at any one time be liable to pay on foot of any guarantee or guarantees under that section for the time being in force (together with the amount of any principal which the Minister has previously paid on foot of any such guarantee or guarantees and which has not been repaid by the Company) exceeds £100,000,000 and, accordingly, section 7 (2) of the Principal Act is hereby amended by the substitution of “£100,000,000” for “£30,000,000” (inserted by the Nítrigin Éireann Teoranta Act, 1975 ). Extension of guarantees by Minister. 3.—A guarantee under section 7 (1) (as amended by the Nítrigin Éireann Teoranta Act, 1970 ) of the Principal Act may include a guarantee of the due payment by the Company of commission and incidental expenses arising in connection with moneys borrowed by the Company. Remuneration etc. of chief officer of Company. 4.—There shall be paid by the Company to its chief officer (whether that officer is described as the Chief Executive or otherwise) such remuneration and allowances as the Company, with the approval of the Minister given with the consent of the Minister for the Public Service, shall determine. Superannuation of staff of Company. 5.—Any alteration in the terms, in operation at the passing of this Act, governing the grant of pensions, gratuities, allowances or other payments on resignation, retirement or death, to or in respect of a member of the permanent staff of the Company, including its chief officer, or any other arrangement to provide for benefits additional to the terms referred to above, shall not take effect unless the alteration or arrangement has the approval of the Minister, given with the consent of the Minister for the Public Service. Short title and collective citation. 6.—(1) This Act may be cited as the Nítrigin Éireann Teoranta Act, 1977. (2) The Nítrigin Éireann Teoranta Acts, 1963 to 1975, and this Act may be cited together as the Nítrigin Éireann Teoranta Acts, 1963 to 1977. 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