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Local Loans Fund (Amendment) Act, 1937

In short

This law amends the Local Loans Fund Act of 1935, primarily by increasing the maximum amount of money that can be issued from the Local Loans Fund for local loans.

What it regulates

Who it concerns

Key points

📄 Legal text
Local Loans Fund (Amendment) Act, 1937 Skip to content Disclaimer Feedback Helpdesk Gaeilge LĂ©im go dtĂ­ an t-ĂĄbhar SĂ©anadh Aiseolas Deasc chabhrach English Gaeilge English Produced by the Office of the Attorney General TĂĄirgthe 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 OifigiĂșil / 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 ReachtaĂ­ocht Achtanna an Oireachtais IonstraimĂ­ ReachtĂșla ReachtaĂ­ocht RĂ©amh-1922 Bunreacht AcmhainnĂ­ Seachtracha BillĂ­ (Tithe an Oireachtais) Iris OifigiĂșil Achtanna Athbhreithnithe (CAD) (An CoimisiĂșn um AthchĂłiriĂș an DlĂ­) Liosta Rangaithe ReachtaĂ­ochta AistriĂșchĂĄin (achtanna.ie) AistriĂșchĂĄin (Tithe an Oireachtais) FoilseachĂĄin Rialtais ar DĂ­ol DlĂ­ AE (EUR-Lex) CCanna (Ceisteanna Coitianta) SĂ©anadh Aiseolas Deasc chabhrach Cuardach TitleTeideal Year(s) or rangeBliain nĂł blianta nĂł raon TypeCineĂĄl All Legislation Acts Statutory Instruments Advanced SearchCuardach Casta HomeBaile ActsAchtanna 1937 Local Loans Fund (Amendment) Act, 1937 Local Loans Fund (Amendment) Act, 1937 Permanent Page URL View by SectionAmharc de rĂ©ir Ailt View Full ActAmharc ar an Acht IomlĂĄn Bill History Stair Bille Commencement, Amendments, SIs made under the Act Tosach Feidhme, Leasuithe, IRĂ­ arna ndĂ©anamh faoin Acht Print Full ActPriontĂĄil an tAcht IomlĂĄn Number 17 of 1937. LOCAL LOANS FUND (AMENDMENT) ACT, 1937. ARRANGEMENT OF SECTIONS Section 1. Definitions. 2. Increase of limit on issues from the fund. 3. Deficiencies in the capital of the fund. 4. Amendment of section 16 of the Principal Act. 5. Short title and collective citation. Act Referred to Local Loans Fund Act, 1935 No. 16 of 1935 Number 17 of 1937. LOCAL LOANS FUND (AMENDMENT) ACT, 1937. AN ACT TO AMEND THE LOCAL LOANS FUND ACT, 1935 . [3rd June, 1937.] BE IT ENACTED BY THE OIREACHTAS OF SAORSTÁT EIREANN AS FOLLOWS:— Definitions. 1.—(1) In this Act— the expression “the Principal Act” means the Local Loans Fund Act, 1935 (No. 16 of 1935); the expression “the fund” means the local loans fund. (2) Every expression to which a particular meaning is given by section 1 of the Principal Act for the purposes of that Act has in this Act the meaning so given to it. Increase of limit on issues from the fund. 2.—So much of sub-section (3) of section 4 of the Principal Act as enacts that the aggregate amount of the moneys issued from the fund in respect of local loans during the period mentioned in that sub-section shall not exceed the sum of five million pounds is hereby repealed, and in lieu thereof it is hereby enacted that the aggregate amount of the moneys so issued during the said period shall not exceed the sum of eleven million pounds. Deficiencies in the capital of the fund. 3.—If and whenever the Minister so directs, any deficiency for the time being existing in the capital of the fund shall, to such extent as the Minister directs, be made good out of any surplus for the time being appearing on the income account of the fund. Amendment of section 16 of the Principal Act. 4.—(1) The amounts which may be deducted under sub-section (1) of section 16 of the Principal Act from money payable to a local authority (in this sub-section referred to as the first-mentioned local authority) shall include the amount of any sum (including a sum consisting wholly or partly of penal interest) due and payable to the fund either— (a) by a local authority the expenses of which are defrayed wholly or partly by or out of moneys provided by the first-mentioned local authority, or (b) in respect of a local loan the repayment of which is guaranteed by the first-mentioned local authority. (2) Amounts deducted by virtue of the foregoing sub-section shall, for the purposes of sub-section (2) of section 16 of the Principal Act, be deemed to be deducted under the said section 16 . Short title and collective citation. 5.—(1) This Act may be cited as the Local Loans Fund (Amendment) Act, 1937. (2) The Principal Act and this Act may be cited together as the Local Loans Fund Acts, 1935 and 1937. Privacy Statement Accessibility European Legislation Identifier (PDF) Open Data License RĂĄiteas PrĂ­obhĂĄideachais Inrochtaineacht AitheantĂłir Eorpach ReachtaĂ­ochta (ELI) CeadĂșnas SonraĂ­ Oscailte Liosta FianĂĄn © Government of Ireland. Oireachtas Copyright Material is reproduced with the permission of the Houses of the Oireachtas © Rialtas na hÉireann. AtĂĄirgtear ĂĄbhar faoi ChĂłipcheart le cead Ăł Thithe an Oireachtais

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