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INDUSTRIES DEVELOPMENT ACT (NORTHERN IRELAND) 1966 - SECT 9

Financial expenditure.

9.(1) The expenses incurred by the Ministry or by any other
Government department under this Act shall, except as otherwise provided by
subsections (2) and (3), be defrayed out of moneys provided by Parliament.

(2) Any moneys required for fulfilling a guarantee given under [section 1(3)]
shall be defrayed by means of sums charged on and issued out of the
Consolidated Fund.

(3) Expenditure, not exceeding in the aggregate the sum of [#650,000,000],
incurred or to be incurred by the Ministry for purposes which the Ministry of
Finance considers to be capital purposes of this Act shall, if the Ministry of
Finance so directs, be defrayed by means of sums charged on and issued out of
the Consolidated Fund.

(4) The Ministry of Finance may borrow money for the purpose of providing for
issues out of the Consolidated Fund under subsections (2) and (3).

(5) Moneys borrowed under subsection (4) shall be repaid within twenty-five
years from the date of borrowing, and provision for such repayment may be made
out of moneys provided by Parliament.

© 1966 Crown Copyright

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