Science and Technology Act 1987
Limitation of expenditure on inventions.
14.— Section 43 (5) of the 1961 Act (which imposes a limitation on expenditure by the Agency without the consent of the Minister on the development and exploitation of inventions) is hereby amended by the insertion, after “the sum of five thousand pounds”, of “ or such greater sum as the Minister may from time to time by order prescribe”.
Modifications (not altering text):
References construed (6.07.1993) by Industrial Development Act 1993 (19/1993), s. 9(3), commenced on enactment, as amended (23.07.1999) by Industrial Development (Enterprise Ireland) Act 1998 (34/1998), s. 44(4), commenced as per s. 44(5). Subsection further amended (25.07.2003) by Industrial Development (Science Foundation Ireland) Act 2003 (30/2003), s. 35(d), S.I. No. 325 of 2003.
(3) For the purposes of this section, references in the Act of 1986 and in the Shannon Free Airport Development Company Limited (Amendment) Act, 1970 to “the Authority” and in the Act of 1987 to “the Agency” shall be construed as references to [Forfás, Enterprise Ireland, IDA and Science Foundation Ireland ], or to any of them, as may be appropriate.