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25 1954

STATE PROPERTY ACT, 1954

PART IV.

Financial Provisions.

Discharge of certain debts due by State authorities, etc., by set off.

33. —Where—

(a) any moneys are payable to any person by a State authority, the Revenue Commissioners or the Land Commission, and

(b) any moneys are due by that person to a State authority in respect of any former crown rent, any rent, rent-charge, royalty or other sum payable periodically out of State land or any sum payable by way of fees out of State land,

the first-mentioned moneys may be set off against the second-mentioned moneys either, as may be appropriate, in whole or in part.

Disposition of moneys standing to the credit of the Woods, Forests and Land Revenues Account.

34. —All moneys and securities which immediately before the operative date were standing to the credit of the Woods, Forests and Land Revenues Account together with any interest accrued thereon shall, as soon as may be after the operative date, be paid or transferred to the Savings Certificates Reserve Fund and placed to the credit of the Principal Reserve Account.

Disposition of future moneys received in respect of State land.

35. —All moneys and securities received by a State authority on or after the operative date in respect of State land shall be paid into or disposed of for the benefit of the Exchequer in such manner as the Minister may direct.

Disposition of moneys standing to credit of the Intestate Estates Fund Deposit Account.

36. —(1) The Minister may from time to time direct that certain specified moneys or securities, standing to the credit of the account under his control and known as the Intestate Estates Fund Deposit Account, be—

(a) paid into, or transferred to, the Savings Certificates Reserve Fund and placed to the credit of the Principal Reserve Account, or

(b) paid into or disposed of for the benefit of the Exchequer in such manner as he may direct.

(2) Nothing in subsection (1) of this section shall preclude the Minister from making out of the Intestate Estates Fund Deposit Account—

(a) payments in connection with the administration of the estates of deceased persons (including payments in respect of funeral expenses, debts, expenses of administration and bounties), and

(b) such other payments as he thinks proper.

Disposition of other moneys.

37. —All moneys received by a State authority under this Act and in respect of the disposition of which provision is not made in any other section of this Act shall be paid into or disposed of for the benefit of the Exchequer in such manner as the Minister may direct.

Expenses of State authorities.

38. —The expenses incurred by a State authority in the administration of this Act shall, to such extent as may be sanctioned by the Minister, be paid out of moneys provided by the Oireachtas.