First Previous (PART I Preliminary And General) Next (PART III Industrial Development Authority)

32 1969

INDUSTRIAL DEVELOPMENT ACT, 1969

PART II

Provisions Relating to the Dissolution of an Foras Tionscal

Dissolution of An Foras Tionscal.

7. —An Foras Tionscal (in this Part of this Act and in the First Schedule to this Act referred to as the dissolved Board) is hereby by virtue of this section dissolved.

Transfer of powers, functions, etc. to Industrial Development Authority.

8. —Save as otherwise provided by this Act, the powers, functions and rights conferred on the dissolved Board by the Undeveloped Areas Acts, 1952 to 1969, and the Industrial Grants Acts, 1959 to 1969, and the duties and liabilities imposed by those Acts on the dissolved Board are hereby transferred to the Authority.

Provisions consequential on dissolution.

9. —The First Schedule to this Act shall have effect in relation to the dissolution effected by this Part of this Act.

Winding up of superannuation schemes.

10. —(1) The Minister may, on or after the commencement of this Part of this Act by regulations made with the consent of the Minister for Finance, provide for the winding up of a scheme made under section 6 of the Act of 1966.

(2) Regulations under this section may contain such consequential or ancillary provisions as appear to the Minister to be necessary.

(3) A regulation made under this section shall as soon as may be after it is made be laid before each House of the Oireachtas.