No. 20/1986:

SHANNON FREE AIRPORT DEVELOPMENT COMPANY LIMITED (AMENDMENT) ACT, 1986

ARRANGEMENT OF SECTIONS

Section

1. Interpretation.

2. Amendment of section 2 of Principal Act.

3. Increase of grants under section 8 of Principal Act and section 2 of Shannon Free Airport Development Company Limited (Amendment) Act, 1970.

4. Short title and collective citation.

ACTS REFERRED TO

Number 20 of 1986

SHANNON FREE AIRPORT DEVELOPMENT COMPANY LIMITED (AMENDMENT) ACT, 1986

AN ACT TO AMEND AND EXTEND THE SHANNON FREE AIRPORT DEVELOPMENT COMPANY LIMITED ACTS, 1959 TO 1983.

[25th June, 1986]

BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS:

1.—(1) In this Act—

"the Act of 1983" means the Shannon Free Airport Development Company Limited (Amendment) Act, 1983 ;

"the Company" means the Shannon Free Airport Development Company Limited;

"the Principal Act" means the Shannon Free Airport Development Company Limited Act, 1959 .

(2) The Shannon Free Airport Development Company Limited Acts. 1959 to 1983. and this Act shall be construed as one.

2.—So much of section 2 of the Principal Act (as amended by section 2 of the Act of 1983) as provides that the aggregate of the amounts which the Minister for Finance may subscribe under that section in taking up shares of the Company shall not exceed £120,000,000 is hereby repealed and, in lieu thereof, it is hereby enacted that the aggregate of the amounts so subscribed shall not exceed £130,000,000.

3.—Section 3 of the Act of 1983 is hereby repealed and, in lieu thereof, it is hereby enacted that the aggregate amount of grants to be made to the Company under section 8 of the Principal Act and section 2 of the Shannon Free Airport Development Company Limited (Amendment) Act, 1970 (as amended by section 5 of the Act of 1983) shall not exceed £105,000,000.

4.—(1) This Act maybe cited as the Shannon Free Airport Development Company Limited (Amendment) Act, 1986 .

(2) The Shannon Free Airport Development Company Limited Acts, 1959 to 1983, and this Act may be cited together as the Shannon Free Airport Development Company Limited Acts, 1959 to 1986.