Gas Act 1976

Advances to Board by Minister for Finance.


22. (1) For the purpose of enabling the Board to perform its functions the Minister for Finance may, on the recommendation of the Minister F62[made after the Minister’s having consulted with the Minister for Public Expenditure and Reform], advance from time to time to the Board out of the Central Fund or the growing produce thereof such sums as the Board may from time to time request.

(2) Advances under subsection (1) of this section shall be made on such terms as to repayment, interest and other matters as may F62[, with the consent of the Minister for Public Expenditure and Reform,] be determined by the Minister for Finance.

(3) The aggregate at any one time of sums advanced under this section and which have not been repaid shall not exceed £25,000,000.

(4) All sums paid by the Board in repayment of an advance under subsection (1) of this section or in pursuance of any term or condition subject to which an advance was made under this section shall be paid into or disposed of for the benefit of the Exchequer.




Inserted (6.07.2011) by Ministers and Secretaries (Amendment) Act 2011 (10/2011), s. 57(c), (d), S.I. No. 401 of 2011.