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Ireland

Land Purchase (Guarantee Fund) Act, 1936

In short

This law clarifies and defines the responsibility of the Guarantee Fund to cover shortfalls in the Purchase Annuities Fund, specifically when land purchase payments are not made. It ensures that these deficiencies are legally covered by the Guarantee Fund.

What it regulates

  • The liability of the Guarantee Fund for deficiencies in the Purchase Annuities Fund.
  • The process for making good these deficiencies from the Guarantee Fund.
  • The application of existing regulations from the Purchase of Land (Ireland) Act, 1891, to these payments.
  • The effective start date of the Act and the validation of past actions related to the Guarantee Fund.

Who it concerns

  • The Minister for Finance.
  • The Irish Land Commission.

Key points

  • Any deficiency in the Purchase Annuities Fund due to unpaid land purchase annuities is a charge on the Guarantee Fund.
  • The Minister for Finance directs when and how payments are made from the Guarantee Fund to cover these deficiencies.
  • Existing regulations from the Purchase of Land (Ireland) Act, 1891, apply to these payments.
  • The Act is considered to have been in force since April 1, 1932, making all related payments or actions from that date lawful and valid.
Legal text
Legal text

Land Purchase (Guarantee Fund) Act, 1936 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 1936 Land Purchase (Guarantee Fund) Act, 1936 Land Purchase (Guarantee Fund) Act, 1936 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 1 of 1936. LAND PURCHASE (GUARANTEE FUND) ACT, 1936. ARRANGEMENT OF SECTIONS Section 1. Removal of doubts as to a certain charge on the Guarantee Fund. 2. Commencement of this Act. 3. Short title. Number 1 of 1936. LAND PURCHASE (GUARANTEE FUND) ACT, 1936. AN ACT TO REMOVE DOUBTS AS TO THE LIABILITY OF THE GUARANTEE FUND UNDER THE LAND PURCHASE ACTS FOR RECOUPMENT OF DEFICIENCIES IN THE PURCHASE ANNUITIES FUND, AND TO DEFINE SUCH LIABILITY AND PROVIDE FOR CERTAIN MATTERS RELATING THERETO. [16th January, 1936.] BE IT ENACTED BY THE OIREACHTAS OF SAORSTÁT EIREANN AS FOLLOWS:— Removal of doubts as to a certain charge on the Guarantee Fund. 1.—

(1)In order to remove doubts, it is hereby declared and enacted that— (
  1. a)every deficiency in the Purchase Annuities Fund arising (whether before or after the passing of this Act) by reason of the non-payment of purchase annuities is a charge on the Guarantee Fund and may lawfully be paid and made good out of that Fund to the Purchase Annuities Fund at such time or times and in such manner as the Minister for Finance shall, either generally or in respect of any particular case, direct; and (
  2. b)sub-section
(4)of section 6 of the Purchase of Land (Ireland) Act, 1891, as amended or extended by subsequent enactments, and all regulations made under that subsection (as so amended or extended) for the time being in force apply and have effect in relation to every payment out of the Guarantee Fund to the Purchase Annuities Fund made for the purpose of making good any such deficiency as is mentioned in the next preceding paragraph of this section in like manner and in all respects as the said sub-section (as so amended or extended), and the said regulations apply to a payment made out of the Guarantee Fund to the Purchase Annuities Fund for the purpose of making good any such deficiency as is mentioned in sub-section
(1)of the said section 6.
(2)Such deficiency in the Purchase Annuities Fund as is mentioned in the foregoing sub-section of this section shall be deemed to have arisen whenever (whether before or after the passing of this Act) the amount received by the Irish Land Commission on or before any 31st day of January or 31st day of July in respect of instalments of purchase annuities payable into the Purchase Annuities Fund which accrued due in the half-year ending on such 31st day of January or 31st day of July (as the case may
  1. be)falls short of the full amount of all such instalments. Commencement of this Act. 2.—This Act shall come into and be deemed for all purposes to have been in force as on and from the 1st day of April, 1932, and accordingly every payment or deduction made or other thing done, on or after the 1st day of April, 1932, and before the passing of this Act, in relation to or for the purposes of the Guarantee Fund shall be and be deemed always to have been as lawful and valid as such payment, deduction, or thing would have been if this Act had been passed before (as the case may
  2. be)such payment or deduction was made or such thing was done. Short title. 3.—
(1)This Act may be cited as the Land Purchase (Guarantee Fund) Act, 1936.
(2)This Act shall be construed with the Land Purchase Acts and may be cited with those Acts. 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.