Industrial Development (Enterprise Ireland) Act 1998
F4 [ Aggregate limit on investment aid
7C. Without the prior permission of the Government, the total amount of money —
( a ) granted or guaranteed to a particular industrial undertaking under sections 21 to 30 of the Act of 1986, or
( b ) expended in that same undertaking or body corporate in the making of a loan under section 7A or the purchase or taking of shares or convertible debt instruments under section 7B ,
shall not exceed in the aggregate the higher of —
(i) € 15,000,000, or
(ii) € 15,000,000 in excess of the aggregate amount of such grants, guarantees, investments and other such financial facilities for which the prior permission of the Government has previously been obtained. ]
Inserted (7.01.2020) by Industrial Development (Amendment) Act 2019 (46/2019), s. 3, S.I. No. 62 of 2020.
Previous affecting provision: section inserted by Withdrawal of the United Kingdom from the European Union (Consequential Provisions) Act 2019 (8/2019), s. 7, not commenced; repealed (7.01.2020) by Industrial Development (Amendment) Act 2019 (46/2019), s. 5, S.I. No. 62 of 2020.