Industrial Development Act 1986

34

F34 [ Aggregate limit on investment aid.

34. Without the prior permission of the Government, the total amount of money granted under sections 21 (as amended by the Industrial Development (Science Foundation Ireland) Act 2003), 22 or 25 (inserted by the Industrial Development (Science Foundation Ireland) Act 2003) to a particular undertaking or expended in the purchase or taking of shares in the same industrial undertaking under section 31 (as amended by the Industrial Development (Science Foundation Ireland) Act 2003) shall not exceed in the aggregate the higher of

( a ) F35 [ 15,000,000 ] ; or

( b ) F35 [ 15,000,000 ] in excess of the aggregate amount of such grants for which the prior permission of the Government has previously been obtained. ]

Annotations:

Amendments:

F34

Substituted (25.07.2003) by Industrial Development (Science Foundation Ireland) Act 2003 (30/2003), s. 33, S.I. No. 325 of 2003.

F35

Substituted (19.05.2009) by Industrial Development Act 2009 (11/2009), s. 3(e), commenced on enactment.