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Irish Steel Holdings Limited (Amendment) Act, 1971

In short

This law amends and extends previous acts related to Irish Steel Holdings Limited, primarily by increasing the limit on government guarantees for the company's borrowings and clarifying what types of financial obligations can be guaranteed.

What it regulates

Who it concerns

Key points

📄 Legal text
Irish Steel Holdings Limited (Amendment) Act, 1971 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 1971 Irish Steel Holdings Limited (Amendment) Act, 1971 Irish Steel Holdings Limited (Amendment) Act, 1971 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 1971 IRISH STEEL HOLDINGS LIMITED (AMENDMENT) ACT, 1971 ARRANGEMENT OF SECTIONS Section 1. Interpretation and construction. 2. Amendment of section 9 of Principal Act. 3. Construction of section 9 of Principal Act. 4. Short title and collective citation. Acts Referred to Irish Steel Holdings Limited Act, 1960 1960, No. 32 Irish Steel Holdings Limited (Amendment) Act, 1963 1963, No. 11 State Guarantees Act, 1954 1954, No. 9 Number 4 of 1971 IRISH STEEL HOLDINGS LIMITED (AMENDMENT) ACT, 1971 AN ACT TO AMEND AND EXTEND THE IRISH STEEL HOLDINGS LIMITED ACTS, 1960 AND 1963. [16th March, 1971.] BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS: Interpretation and construction. 1.—(1) In this Act “the Principal Act” means the Irish Steel Holdings Limited Act, 1960. (2) This Act shall be construed as one with the Principal Act. Amendment of section 9 of Principal Act. 2.—Section 9 of the Principal Act, which imposes a limit on the guarantee by the Minister of the repayment of moneys borrowed by the Company, is hereby amended— (a) by the substitution in subsection (3) of “£3,000,000” for “£1,000,000” (inserted by the Irish Steel Holdings Limited (Amendment) Act, 1963 ), and (b) by the insertion in subsection (1) after “to the Company” and in subsection (2) after “and the payment of such interest” of “or the due payment by the Company of instalments of moneys owed by the Company and outstanding under a contract entered into by the Company or the interest on any such moneys outstanding or both the payment of such instalments and such interest.” Construction of section 9 of Principal Act. 3.—(1) For the purposes of section 9 of the Principal Act, the amounts guaranteed by the Minister for Finance under the State Guarantees Act, 1954 , in respect of moneys borrowed by the Company shall be deemed to be amounts guaranteed by the Minister under the Principal Act. (2) In section 9 (5) (c) of the Principal Act “principal” shall be construed as including moneys owed by the Company and outstanding under a contract entered into by the Company, and in sections 12 (b) and 12 (c) of the Principal Act “moneys borrowed” shall be construed as including moneys owed by the Company and outstanding under a contract entered into by the Company. Short title and collective citation. 4.—(1) This Act may be cited as the Irish Steel Holdings Limited (Amendment) Act, 1971. (2) The Irish Steel Holdings Limited Acts, 1960 and 1963, and this Act may be cited together as the Irish Steel Holdings Limited Acts, 1960 to 1971. 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.