Next (SCHEDULE)

30 1969

/images/harp.jpg


Number 30 of 1969


APPROPRIATION ACT, 1969


ARRANGEMENT OF SECTIONS

Section

1.

Appropriation of sums voted for supply services, viz., £363,498,080.

2.

Amendment of section 4 of Appropriation Act, 1965.

3.

Short title.


Acts Referred to

Central Fund (Permanent Provisions) Act, 1965

1965, No. 26.

Public Accounts and Charges Act, 1891

1891, c. 24.

Appropriation Act, 1965

1965, No. 21.

Public Revenue and Consolidated Fund Charges Act, 1854

1854, c. 94.

/images/harp.jpg


Number 30 of 1969


APPROPRIATION ACT, 1969


AN ACT TO APPROPRIATE TO THE PROPER SUPPLY SERVICES AND PURPOSES SUMS GRANTED BY THE CENTRAL FUND (PERMANENT PROVISIONS) ACT, 1965 , AND TO AMEND SECTION 4 OF THE APPROPRIATION ACT, 1965 . [13th December, 1969]

BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS:—

Appropriation of sums voted for supply services, viz., £363,498,080.

1. —(1) The sums granted by the Central Fund (Permanent Provisions) Act, 1965 , out of the Central Fund towards making good the supply granted, amounting in the aggregate to the sum of three hundred and sixty-three million, four hundred and ninety-eight thousand and eighty pounds and comprising the sum of eight million, five hundred and sixty-one thousand and eighty pounds for the Service of the year ended on the 31st day of March, 1969, and the sum of three hundred and fifty-four million, nine hundred and thirty-seven thousand pounds for the Service of the year ending on the 31st day of March, 1970, are appropriated for the services and purposes expressed in the Schedule annexed hereto.

(2) In addition to the grants out of the Central Fund referred to in the foregoing subsection of this section, there may be applied out of any money directed under section 2 of the Public Accounts and Charges Act, 1891, to be applied as appropriations-in-aid of the grants for the services and purposes specified in the Schedule annexed hereto, the sums respectively set forth in the last column of the said Schedule amounting, as appears thereby, in the aggregate to the sum of twenty-four million, two hundred and fifty-two thousand, one hundred and twelve pounds.

Amendment of section 4 of Appropriation Act, 1965.

2. Section 4 of the Appropriation Act, 1965 , is hereby amended, with effect as from the passing of that Act, by the substitution of the following subsection for subsection (2):

“(2) (a) The amount to be paid into the Exchequer in respect of any borrowing effected under this section shall be the amount of currency of the State obtained when the sum borrowed is converted into currency of the State.

(b) The Minister for Finance shall effect the conversion forthwith or at any time within one year from the borrowing which he considers proper and, pending conversion, he may place the sum borrowed on deposit outside the State.

(c) Annual finance accounts under section 2 of the Public Revenue and Consolidated Fund Charges Act, 1854, shall include a statement of any sums standing placed on deposit under this subsection at the close of the financial year.

(d) For the purposes of the borrowing powers of the Minister for Finance, the amount to be taken as borrowed in the case of a borrowing effected under this section shall be the amount paid into the Exchequer.”

Short title.

3. —This Act may be cited as the Appropriation Act, 1969.