Transport (Tour Operators and Travel Agents) Act 1982
Investment of money of Fund.
19. — (1) Moneys of the Fund shall be maintained in a current account to be managed and controlled by the Minister or in an investment account to be managed and controlled by the Minister for Finance.
(2) Sums payable into the Fund shall be paid into the current account thereof and sums payable out of the Fund shall be paid out of that account.
(3) Moneys standing to the credit of the current account and not required to meet current expenditure shall be transferred to the investment account of the Fund.
(4) Whenever the moneys in the current account of the Fund are insufficient to meet the liabilities of that account, there shall be transferred to that account from the investment account of the Fund such sums as may be necessary for the purpose of discharging those liabilities.
(5) Subject to subsection (4) of this section, moneys standing to the credit of the investment account of the Fund shall be invested by the Minister for Finance, and income arising from any such investment shall be paid into that account.
(6) An investment pursuant to subsection (5) of this section may be in any securities in which trustees are for the time being by law empowered to invest trust funds or in any of the stocks, funds and securities as are for the time being authorised by law as investments for Post Office Savings Bank funds.
Annotations:
Modifications (not altering text):
C6
Functions transferred and references to “Department of Finance” and “Minister for Finance” construed (29.07.2011) by Finance (Transfer of Departmental Administration and Ministerial Functions) Order 2011 (S.I. No. 418 of 2011), arts. 2, 3, 5 and sch. 1 part 2, in effect as per art. 1(2), subject to transitional provisions in arts. 6-9.
2. (1) The administration and business in connection with the performance of any functions transferred by this Order are transferred to the Department of Public Expenditure and Reform.
(2) References to the Department of Finance contained in any Act or instrument made thereunder and relating to the administration and business transferred by paragraph (1) shall, on and after the commencement of this Order, be construed as references to the Department of Public Expenditure and Reform.
3. The functions conferred on the Minister for Finance by or under the provisions of —
(a) the enactments specified in Schedule 1, and
(b) the statutory instruments specified in Schedule 2,
are transferred to the Minister for Public Expenditure and Reform.
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5. References to the Minister for Finance contained in any Act or instrument under an Act and relating to any functions transferred by this Order shall, from the commencement of this Order, be construed as references to the Minister for Public Expenditure and Reform.
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Schedule 1
Enactments
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Part 2
1922 to 2011 Enactments
|
Number and Year |
Short Title |
Provision |
|
(1) |
(2) |
(3) |
|
... |
... |
... |
|
No. 3 of 1982 |
Transport (Tour Operators and Travel Agents) Act 1982 |
Sections 12, 16 and 19 |
|
... |
... |
... |