Industrial Development (Enterprise Ireland) Act 1998

Grants to Forfás, IDA and Enterprise Ireland.

33

33.The Act of 1993 is hereby amended by the substitution for section 11 of the following section:

“Grants to Forfás, IDA and Enterprise Ireland.

11.— (1) There may be paid by the Minister to Forfás, IDA and Enterprise Ireland, out of moneys provided by the Oireachtas, grants of such amounts as the Minister, with the consent of the Minister for Finance, may sanction—

( a) to enable Forfás, IDA and Enterprise Ireland to meet its administration and general expenses, and

( b) to discharge its obligations and liabilities.

(2) The aggregate amount of grants made by the Minister to Forfás and the Agencies under subsection (1)(b) (other than grants to which section 14(3) of the Act of 1986 applies) shall not exceed £1,500,000,000.”.