Grain Storage (Loans) Act, 1951

In short

This law allows the Minister for Agriculture to provide loans for building and equipping grain storage facilities. The main goal is to support the provision of proper storage for grain.

What it regulates

The granting of loans for grain storage.
The total amount of money that can be loaned.
The terms and conditions for these loans.
Reporting on the loans granted each financial year.

Who it concerns

The Minister for Agriculture, who grants the loans.
The Minister for Finance, who must sanction loans and approve terms.
Entities or individuals seeking loans for grain storage.

Key points

The Minister for Agriculture can grant loans for providing and equipping grain storage.
The total amount of loans granted under this Act cannot exceed two million, five hundred thousand pounds.
Loans are granted at the discretion of the Minister for Agriculture but require the sanction of the Minister for Finance.
Terms and conditions for loans, including repayment, interest, and security, are set by the Minister for Agriculture with the approval of the Minister for Finance.

Legal text

Grain Storage (Loans) Act, 1951 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.

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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 1951 Grain Storage (Loans) Act, 1951 Grain Storage (Loans) Act, 1951 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 28 of 1951. GRAIN STORAGE (LOANS) ACT, 1951. ARRANGEMENT OF SECTIONS Section 1. The Minister. 2. Loans for the provision and equipment of storage for grain. 3. Limit on total amount of loans. 4. Discretion of Minister and sanction of Minister for Finance. 5. Terms and conditions of loans. 6. Annual statement of loans. 7. Payment of certain sums into the Exchequer. 8. Expenses. 9. Short title. Number 28 of 1951. GRAIN STORAGE (LOANS) ACT, 1951. AN ACT TO PROVIDE FOR THE GRANT OF LOANS FOR THE PROVISION AND EQUIPMENT OF STORAGE FOR GRAIN. [26th December, 1951.] BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS:— The Minister. 1.—In this Act, “the Minister” means the Minister for Agriculture. Loans for the provision and equipment of storage for grain. 2.—The Minister may grant, out of moneys provided by the Oireachtas, loans for the provision and equipment of storage for grain. Limit on total amount of loans. 3.—The total amount of the loans granted under this Act shall not exceed two million, five hundred thousand pounds. Discretion of Minister and sanction of Minister for Finance. 4.—The granting of loans under this Act shall be at the discretion of the Minister, but a loan shall not be granted save with the sanction of the Minister for Finance. Terms and conditions of loans. 5.—A loan under this Act shall be granted upon such terms and conditions as to time and manner of repayment, rate of interest, security and any other matter whatsoever as the Minister, with the approval of the Minister for Finance, considers proper. Annual statement of loans. 6.—As soon as may be after the expiration of each financial year, the Minister shall lay before each House of the Oireachtas a statement showing the total of all sums advanced under this Act up to the end of that financial year and showing the loans granted under this Act which stood not fully repaid at the expiration of that financial year, and the statement shall show, as respects each loan, the terms and conditions on which the loan was granted and the amount repaid thereon before the expiration of that financial year. Payment of certain sums into the Exchequer. 7.—

(1)All sums received in repayment of money advanced under this Act shall be paid into the Exchequer.

(2)All sums received in payment of interest on a loan granted under this Act shall be paid into or disposed of for the benefit of the Exchequer in such manner as the Minister for Finance may direct. Expenses. 8.—The expenses incurred by the Minister in the administration of this Act shall, to such extent as may be sanctioned by the Minister for Finance, be paid out of moneys provided by the Oireachtas. Short title. 9.—This Act may be cited as the Grain Storage (Loans) Act, 1951. 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.