INDUSTRIAL INVESTMENT (GENERAL ASSISTANCE) ACT (NORTHERN IRELAND) 1966 - SECT 8 Power to vary rates of grant and add further assets eligible for grant.

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INDUSTRIAL INVESTMENT (GENERAL ASSISTANCE) ACT (NORTHERN IRELAND) 1966 - SECT 8

Power to vary rates of grant and add further assets eligible for grant.

8.(1) The Ministry may by an order made with the approval of the Ministry of
Finance

(a)vary the rates at which grant is payable under any of the foregoing
provisions of this Act;

(b)make provision for the making of grants under this Act, at such rates as
may be specified in the order, in respect of assets of any class or
description, being assets of a class or description not eligible for grant
under any of the foregoing provisions of this Act.

[(c)provide that applications for grants under any of the foregoing provisions
of this Act towards approved capital expenditure incurred before any date, or
during any period, specified in the order are to be made before a date
specified in relation to that expenditure.]

Subs.(2) rep. by 1971 c.34 (NI) s.4(2)

(3) An order under this section may specify the assets to which it applies by
reference to the nature of the assets or the place where, or the purpose for
which, they are or are to be used.

(4) An order under this section may contain such incidental and supplementary
provisions as appear to the Ministry to be appropriate, including provisions
making consequential modifications of any reference in this Act to a rate of
grant and provisions relating to the expenditure as respects which the order
is to have effect.

(5) An order under this section shall take effect on such date as may be
specified in the order, but shall cease to have effect upon the expiration of
a period of six months from that date unless at some time before the
expiration of that period the order has been confirmed by a resolution of each
House of Parliament.[

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Northern Irish Legislation

INDUSTRIAL INVESTMENT (GENERAL ASSISTANCE) ACT (NORTHERN IRELAND) 1966 - SECT 8