In short
This law amends previous acts concerning the Shannon Free Airport Development Company Limited, primarily by increasing the financial limits for share subscriptions, grants, and advances to the Company.
What it regulates
- The maximum amount the Minister for Finance can subscribe for shares in the Company.
- The total amount of grants that can be given to the Company.
- The total amount of advances that can be made to the Company by the Minister for Finance.
Who it concerns
- The Shannon Free Airport Development Company Limited.
- The Minister for Finance.
Key points
- The aggregate amount the Minister for Finance may subscribe for shares in the Company is increased to six million pounds.
- The aggregate amount of grants to the Company shall not exceed three million pounds.
- The aggregate amount of advances to the Company shall not exceed three million pounds.
- This Act, along with the Shannon Free Airport Development Company Limited Acts, 1959 to 1963, are to be read as one.
đ Legal text
Shannon Free Airport Development Company Limited (Amendment) Act, 1965
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1965
Shannon Free Airport Development Company Limited (Amendment) Act, 1965
Shannon Free Airport Development Company Limited (Amendment) Act, 1965
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Number 14 of 1965.
SHANNON FREE AIRPORT DEVELOPMENT COMPANY LIMITED (AMENDMENT) ACT, 1965
ARRANGEMENT OF SECTIONS
Section
1.
Interpretation.
2.
Amendment of section 2 of the Principal Act.
3.
Amendment of section 8 of the Principal Act.
4.
Advances to the Company by Minister for Finance.
5.
Short title and collective citation.
Acts Referred to
Airport Development Company Limited (Amendment) Act, 1963
1963, No. 27
Airport Development Company Limited Act, 1959
1959, No. 36
Shannon Free Airport Development Company Limited (Amendment) Act, 1961
1961, No. 31
Number 14 of 1965.
SHANNON FREE AIRPORT DEVELOPMENT COMPANY LIMITED (AMENDMENT) ACT, 1965
AN ACT TO AMEND AND EXTEND THE SHANNON
FREE AIRPORT DEVELOPMENT COMPANY LIMITED ACTS, 1959
TO 1963. [13th July, 1965.]
BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS:
Interpretation.
1.â(1) In this Actâ
âthe Act of 1963â means the Shannon Free
Airport Development Company Limited (Amendment) Act, 1963
;
âthe Companyâ means the Shannon Free Airport Development Company Limited;
âthe Principal Actâ means the Shannon Free
Airport Development Company Limited Act, 1959
.
(2) The Shannon Free
Airport Development Company Limited Acts, 1959
to 1963, and this Act shall be construed as one.
Amendment of section 2 of the Principal Act.
2.âSo much of section 2 of the Principal Act, as amended by section 2 of the Act of 1963, as provides that the aggregate of the amounts which the Minister for Finance may subscribe under that section in taking up shares of the Company shall not exceed four million pounds is hereby repealed, and in lieu thereof, it is hereby enacted that the aggregate of the amounts so subscribed shall not exceed six million pounds.
Amendment of section 8 of the Principal Act.
3.âSection 3 of the Act of 1963 is hereby repealed, and in lieu thereof, it is hereby enacted that the aggregate amount of grants to be made to the Company under section 8 of the Principal Act shall not exceed three million pounds.
Advances to the Company by Minister for Finance.
4.âSubsection (2) of section 4 of the Act of 1963 is hereby repealed, and in lieu thereof, it is hereby enacted that the aggregate amount of advances under subsection (1) of that section and advances under
section 4
of the
Shannon Free Airport Development Company Limited (Amendment) Act, 1961
, shall not exceed three million pounds.
Short title and collective citation.
5.â(1) This Act may be cited as the Shannon Free Airport Development Company Limited (Amendment) Act, 1965.
(2) The Shannon Free Airport Development Company Limited Acts, 1959 to 1963, and this Act may be cited together as the Shannon Free Airport Development Company Limited Acts, 1959 to 1965.
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