Industrial Development Act 1986

34

F37 [ Aggregate limit on investment aid.

34. F38 [ (1) ] 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 ) F39 [ 15,000,000 ] ; or

( b ) F39 [ 15,000,000 ] in excess of the aggregate amount of such grants for which the prior permission of the Government has previously been obtained. ]

F38 [ (2) This section shall not apply to Enterprise Ireland. ]

Annotations:

Amendments:

F37

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

F38

Inserted (7.01.2020) by Industrial Development (Amendment) Act 2019 (46/2019), s. 1(4)(a), (b), S.I. No. 62 of 2020.

F39

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

Editorial Notes:

E31

Previous affecting provision: section amended by Withdrawal of the United Kingdom from the European Union (Consequential Provisions) Act 2019 (8/2019), s. 6(3)(a), (b), not commenced; repealed (7.01.2020) by Industrial Development (Amendment) Act 2019 (46/2019), s. 5, S.I. No. 62 of 2020.