Microenterprise Loan Fund Act 2012
Number 31 of 2012
MICROENTERPRISE LOAN FUND ACT 2012
REVISED
Updated to 20 July 2020
This Revised Act is an administrative consolidation of the Microenterprise Loan Fund Act 2012. It is prepared by the Law Reform Commission in accordance with its function under the Law Reform Commission Act 1975 (3/1975) to keep the law under review and to undertake revision and consolidation of statute law.
All Acts up to and including the Credit Guarantee (Amendment) Act 2020 (5/2020), enacted 24 July 2020, and all statutory instruments up to and including the Microenterprise Loan Fund (Amendment) Act 2020 (Commencement) Order 2020 (S.I. No. 268 of 2020), made 20 July 2020, were considered in the preparation of this Revised Act.
Disclaimer: While every care has been taken in the preparation of this Revised Act, the Law Reform Commission can assume no responsibility for and give no guarantees, undertakings or warranties concerning the accuracy, completeness or up to date nature of the information provided and does not accept any liability whatsoever arising from any errors or omissions. Please notify any errors, omissions and comments by email to
revisedacts@lawreform.ie.
Number 31 of 2012
MICROENTERPRISE LOAN FUND ACT 2012
REVISED
Updated to 20 July 2020
Introduction
This Revised Act presents the text of the Act as it has been amended since enactment, and preserves the format in which it was passed.
Related legislation
This Act is not collectively cited with any other Act.
Annotations
This Revised Act is annotated and includes textual and non-textual amendments, statutory instruments made pursuant to the Act and previous affecting provisions.
An explanation of how to read annotations is available at
www.lawreform.ie/annotations.
Material not updated in this revision
Where other legislation is amended by this Act, those amendments may have been superseded by other amendments in other legislation, or the amended legislation may have been repealed or revoked. This information is not represented in this revision but will be reflected in a revision of the amended legislation if one is available.
Where legislation or a fragment of legislation is referred to in annotations, changes to this legislation or fragment may not be reflected in this revision but will be reflected in a revision of the legislation referred to if one is available.
A list of legislative changes to any Act, and to statutory instruments from 1972, may be found linked from the page of the Act or statutory instrument at
www.irishstatutebook.ie.
Acts which affect or previously affected this revision
• Microenterprise Loan Fund Act 2012 (3/2020)
• Industrial Development (Amendment) Act 2019 (46/2019)
All Acts up to and including Credit Guarantee (Amendment) Act 2020 (5/2020), enacted 24 July 2020, were considered in the preparation of this revision.
Statutory instruments which affect or previously affected this revision
• Microenterprise Loan Fund Scheme (Amendment) Regulations 2020 (S.I. No. 78 of 2020)
• Microenterprise Loan Fund Scheme 2015 (S.I. No. 393 of 2015)
• Microenterprise Loan Fund Act 2012 (Commencement) Order 2012 (S.I. No. 383 of 2012)
• Microenterprise Loan Fund Scheme 2012 (S.I. No. 343 of 2012)
All statutory instruments up to and including Microenterprise Loan Fund (Amendment) Act 2020 (Commencement) Order 2020 (S.I. No. 268 of 2020), made 20 July 2020, were considered in the preparation of this revision.
Number 31 of 2012
MICROENTERPRISE LOAN FUND ACT 2012
REVISED
Updated to 20 July 2020
ARRANGEMENT OF SECTIONS
Preliminary and General
Section
1. Short title and commencement.
Microenterprise Loan Fund
6. Investment of moneys standing to credit of Fund.
7. Lending to microenterprises.
8. Borrowing by Social Finance Foundation.
8A. Borrowing by subsidiary from promotional financial institution.
10. Microenterprise Loan Fund scheme.
Management of Microenterprise Loan Fund
12. Name and share capital of subsidiary.
13. Memorandum and articles of association of subsidiary.
14. Disqualification for office of director of subsidiary.
15. Membership of either House of Oireachtas or European Parliament.
16. Disclosure of interests by directors of subsidiary.
17. Disclosure of interests by members of staff of subsidiary.
Acts Referred to
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2011, No. 27 |
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1963, No. 33 |
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1990, No. 33 |
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1983, No. 13 |
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1986, No. 25 |
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2009, No. 20 |
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Companies Acts |
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1995, No. 22 |
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1997, No. 2 |
Number 31 of 2012
MICROENTERPRISE LOAN FUND ACT 2012
REVISED
Updated to 20 July 2020
AN ACT TO FACILITATE THE LENDING OF MONEY TO MICROENTERPRISES; FOR THAT PURPOSE TO MAKE PROVISION FOR A FUND TO BE KNOWN AS THE MICROENTERPRISE LOAN FUND; TO PROVIDE FOR THE FORMATION OF A COMPANY TO MANAGE THAT FUND; AND TO PROVIDE FOR MATTERS CONNECTED THEREWITH.
[24th July, 2012]
BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS: