Industrial Development (Enterprise Ireland) Act 1998

F4 [ Aggregate limit on investment aid

7C

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. ]

Annotations:

Amendments:

F4

Inserted (7.01.2020) by Industrial Development (Amendment) Act 2019 (46/2019), s. 3, S.I. No. 62 of 2020.

Editorial Notes:

E4

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of the United Kingdom from the European Union (Consequential Provisions) Act 2019 (8/2019), s. 7, not commenced; repealed (7.01.2020) by Industrial Development (Amendment) Act 2019 (46/2019), s. 5, S.I. No. 62 of 2020.