914. (1) For the purposes specified in section 915(1), the Supervisory Authority in each financial year—

(a) shall be paid a grant in accordance with subsection (2), and

(b) may impose F677[a levy under section 916].

(2) In each financial year, a grant not exceeding 40 per cent of the annual programme of expenditure approved for that year under section 911 shall, subject to any conditions that the Minister thinks proper, be paid to the Supervisory Authority out of money provided by the Oireachtas.