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Number 45 of 1961.
LOCAL LOANS FUND (AMENDMENT) ACT, 1961.
ARRANGEMENT OF SECTIONS
Section | |
Acts Referred to | |
1957, No. 25 | |
1935, No. 16 | |
1941, No. 23 | |
1930, No. 29 | |
Number 45 of 1961.
LOCAL LOANS FUND (AMENDMENT) ACT, 1961.
Definitions.
1.—In this Act—
“the fund” means the local loans fund;
“the Minister” means the Minister for Finance.
Increase of limit on issues from the local loans fund.
2.—Section 1 of the Local Loans Fund (Amendment) Act, 1957, is hereby repealed and in lieu thereof it is hereby enacted that the aggregate amount of the moneys issued from the fund in respect of local loans during the period mentioned in subsection (3) of section 4 of the Local Loans Fund Act, 1935, shall not exceed the sum of one hundred and seventy million pounds.
Security for local loans.
3.—(1) Upon the issue of a local loan (or the first instalment thereof) from the fund to a local authority, pursuant to an undertaking in writing of the Minister, the Commissioners of Public Works in Ireland, or any other person acting on the direction or with the authority of the Minister (in this section referred to as the lender) to make, upon the terms and subject to the conditions specified in the undertaking, a local loan of an amount specified in the undertaking to the local authority upon the security of the revenues or funds of the local authority specified in the undertaking, the local authority shall be deemed to have given a mortgage by deed to the lender—
(a) containing a covenant to repay to the lender the loan (or the instalments thereof which have been issued from the fund) at the place, time and in the manner specified in the undertaking, to pay the interest payable thereon at the rate provided for and at the place, time and in the manner specified in the undertaking and to observe any other terms and conditions specified therein, and
(b) assigning or conveying the revenues or funds of the local authority specified in the undertaking to the lender to hold unto the lender until the repayment of the loan (or the instalments thereof which have been issued from the fund) and the payment of the interest payable thereon.
(2) A certificate purporting to be executed by the lender stating that—
(a) on a date specified in the certificate a local loan or portion of a local loan was issued from the fund to a local authority by the lender, and
(b) on a date specified in the certificate a sum specified in the certificate is owed by the local authority to the lender in respect of the loan or the portion or in respect of the interest payable on the loan or the portion (including any interest payable pursuant to section 15 of the Local Loans Fund Act, 1935) or in respect of both such loan or portion and such interest, or
(c) the loan or portion has been repaid to the lender and the interest payable on the loan or portion has been paid to the lender,
shall be evidence until the contrary is proved of the facts stated in the certificate.
(3) In this section “local authority” has the meaning assigned to it by virtue of the Local Government Act, 1941, but includes a vocational education committee within the meaning of the Vocational Education Act, 1930.
Short title and collective citation.
4.—(1) This Act may be cited as the Local Loans Fund (Amendment) Act, 1961.
(2) The Local Loans Fund Acts, 1935 to 1957, and this Act may be cited together as the Local Loans Fund Acts, 1935 to 1961.
Uimhir 45 de 1961.
ACHT CHISTE NA nIASACHTAÍ ÁITIÚLA (LEASÚ), 1961.
[An tiontú oifigiúil.]
ACHTAÍTEAR AG AN OIREACHTAS MAR A LEANAS:—
Mínithe.
1.—San Acht seo—
ciallaíonn “an ciste” ciste na n-iasachtaí áitiúla;
ciallaíonn “an tAire” an tAire Airgeadais.
Méadú ar an méid airgid is ineisithe as ciste na n-iasachtaí áitiúla.
2.—Aisghairtear leis seo alt 1 d'Acht Ciste na nIasacht Áitiúla (Leasú), 1957, agus ina ionad sin achtaítear leis seo nach mó ná céad agus seachtó milliún punt méid iomlán an airgid a eiseofar as ciste na n-iasachtaí áitiúla i leith iasachtaí áitiúla i rith na tréimhse a luaitear i bhfo-alt (3) d'alt 4 d'Acht Ciste na nIasachtaí Áitiúla, 1935.
Urrús i leith iasachtaí áitiúla.
3.—(1) Ar iasacht áitiúl (nó an chéad tráthchuid di) a eisiúint as an gciste chun údaráis áitiúil, de bhun gealltanas i scríbhinn ón Aire, ó Choimisinéirí na nOibreacha Poiblí na hÉireann, nó ó aon duine a bheidh ag gníomhú ar ordú nó le húdarás ón Aire (dá ngairtear an t-iasachtóir san alt seo) iasacht áitiúil de mhéid a bheidh sonraithe sa ghealltanas a thabhairt ar na téarmaí agus faoi réir na gcoinníollacha a bheidh sonraithe sa ghealltanas, don údarás áitiúil ar urrús an ioncaim nó na gcistí sin de chuid an údaráis áitiúil a bheidh sonraithe sa ghealltanas, measfar an t-údarás áitiúil a bheith tar éis morgáiste trí ghníomhas a thabhairt don iasachtóir—
(a) ina mbeidh cúnant go n-íocfaidh sé leis an iasachtóir an iasacht (nó na tráthchodanna di a bheidh eisithe as an gciste) san áit, an tráth agus sa tslí a bheidh sonraithe sa ghealltanas, go n-íocfaidh sé an t-ús is iníoctha ar an gcéanna de réir an ráta dá mbeidh foráil, agus san áit, an tráth agus sa tslí a bheidh sonraithe, sa ghealltanas agus go n-urramóidh sé aon téarmaí agus coinníollacha eile a bheidh sonraithe sa ghealltanas, agus
(b) ag sannadh nó ag tíolacadh ioncam nó cistí an údaráis áitiúil a bheidh sonraithe sa ghealltanas don iasachtóir le teachtadh ag an iasachtóir go dtí go n-aisíocfar an iasacht (nó na tráthchodanna di a bheidh eisithe as an gciste) agus go n-íocfar an t-ús is iníoctha ar an gceánna.
(2) Aon deimhniú a airbheartóidh a bheith forghníomhaithe ag an iasachtóir agus a déarfaidh—
(a) go ndearna an t-iasachtóir, ar dháta a bheidh sonraithe sa deimhniú, iasacht áitiúil nó cuid d'iasacht áitiúil a eisiúint as an gciste chun údaráis áitiúil, agus
(b) go bhfuil, ar dháta a bheidh sonraithe sa deimhniú, suim a bheidh sonraithe sa deimhniú dlite den údarás áitiúil don iasachtóir i leith iasacht nó cuid d'iasacht nó i leith an úis is iníoctha ar an iasacht nó ar an gcuid (lena n-áirítear aon ús is iníoctha de bhun alt 15 d'Acht Ciste na nIasachtaí Áitiúla, 1935) nó i leith na hiasachta sin nó na coda sin agus an úis sin, nó
(c) go bhfuil an iasacht nó an chuid aisíoctha leis an iasachtóir agus go bhfuil an t-ús ab iníoctha ar an iasacht nó ar an gcuid íoctha leis an iasachtóir,
ina fhianaise, nó go gcruthófar a mhalairt, ar na fíorais a bheidh ráite sa deimhniú.
(3) San alt seo tá le “údarás áitiúil” an bhrí a shanntar dó de bhua an Achta Rialtais Áitiúil, 1941, ach folaíonn sé coiste gairmoideachais de réir bhrí an Achta Oideachais Ghairme Beatha, 1930.
Gearrtheideal agus comhlua.
4.—(1) Féadfar Acht Chiste na nIasachtaí Áitiúla (Leasú), 1961, a ghairm den Acht seo.
(2) Féadfar Acht Chiste na nIasachtaí Áitiúla, 1935 go 1961, a ghairm d'Achtanna Ciste na nIasacht Áitiúla, 1935 go 1957, agus den Acht seo le chéile.