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Central Fund Act, 1941

In short

This law allows the Minister for Finance to take specific amounts of money from the Central Fund to cover government expenses for certain past and future financial years. It also grants the Minister the power to borrow money to meet these financial needs.

What it regulates

Who it concerns

Key points

📄 Legal text
Central Fund Act, 1941 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 1941 Central Fund Act, 1941 Central Fund Act, 1941 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 4 of 1941. CENTRAL FUND ACT, 1941. ARRANGEMENT OF SECTIONS Section 1. Issue of £18,803 8s. 5d. out of the Central Fund for the service of the year ended 31st March, 1939. 2. Issue of £4,111,167 out of the Central Fund for the service of the year ending 31st March, 1941. 3. Issue of £12,350,000 out of the Central Fund for the service of the year ending 31st March, 1942. 4. Power of Minister for Finance to borrow up to £16,479,970 8s. 5d. 5. Short title. Number 4 of 1941. CENTRAL FUND ACT, 1941. AN ACT TO APPLY CERTAIN SUMS OUT OF THE CENTRAL FUND TO THE SERVICE OF THE YEARS ENDING ON THE THIRTY-FIRST DAY OF MARCH ONE THOUSAND NINE HUNDRED AND THIRTY-NINE, ONE THOUSAND NINE HUNDRED AND FORTY-ONE AND ONE THOUSAND NINE HUNDRED AND FORTY-TWO. [20th March, 1941.] BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS:— Issue of £18,803 8s. 5d. out of the Central Fund for the service of the year ended 31st March, 1939. 1.—The Minister for Finance may issue out of the Central Fund and apply towards making good the supply granted for the service of the year ended on the thirty-first day of March one thousand nine hundred and thirty-nine the sum of Eighteen Thousand Eight Hundred and Three Pounds Eight Shillings and Fivepence. Issue of £4,111,167 out of the Central Fund for the service of the year ending 31st March, 1941. 2.—The Minister for Finance may issue out of the Central Fund and apply towards making good the supply granted for the service of the year ending on the thirty-first day of March one thousand nine hundred and forty-one the sum of Four Million One Hundred and Eleven Thousand One Hundred and Sixty-seven Pounds. Issue of £12,350,000 out of the Central Fund for the service of the year ending 31st March, 1942. 3.—The Minister for Finance may issue out of the Central Fund and apply towards making good the supply granted for the service of the year ending on the thirty-first day of March one thousand nine hundred and forty-two the sum of Twelve Million Three Hundred and Fifty Thousand Pounds. Power of Minister for Finance to borrow up to £16,479,970 8s. 5d. 4.—(1) The Minister for Finance may borrow from any person and the Bank of Ireland may advance to the Minister for Finance any sum or sums not exceeding in the whole Sixteen Million Four Hundred and Seventy-nine Thousand Nine Hundred and Seventy Pounds Eight Shillings and Fivepence and for the purpose of such borrowing the Minister for Finance may create and issue any securities bearing such rate of interest, and subject to such conditions as to repayment, redemption or otherwise as he thinks fit. (2) The principal and interest of any securities issued under this Act and the expenses incurred in connection with the issue of such securities shall be charged on the Central Fund or the growing produce thereof. (3) Any money raised by securities issued under this Act shall be placed to the credit of the account of the Exchequer and shall form part of the Central Fund and be available in any manner in which such Fund is available. Short title. 5.—This Act may be cited as the Central Fund Act, 1941. 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

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AI explanation based on the official legal text. Indicative, not a substitute for legal advice.